Aimtron Electronics IPO booked over 5 times on day 2: Check latest subscription status and other key details

Aimtron Electronics IPO saw strong demand on the second day of bidding on May 31 as the public issue was booked more than 5 times.

The initial public offer of the electronics system designs provider received bids for nearly 1.97 crore shares against 35.87 lakh shares on offer, the NSE data showed. The issue was overall subscribed 5.49 times.

The issue was booked 7.87 times in the retail segment as the investors applied for more than 1.41 crore shares compared to the 17.93 lakh shares reserved for the category.

The Non-Institutional Investors’ (NIIs) category was booked 4.63 times, receiving bids for over 35.62 lakh shares compared to 7.68 lakh shares reserved for the category.

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Qualified Institutional Buyers (QIB) placed bids for 20.15 lakh shares compared to 10.24 lakh shares reserved for the category, leading to an overall subscription of 1.96 times.

Aimtron Electronics IPO is a book-built issue of ₹87.02 crore. The public offer is entirely a fresh issue of 54.05 lakh shares.

Aimtron Electronics IPO date and other details

The subscription window for Aimtron Electronics will close on Monday, June 3. The allotment of shares will tentatively be decided on Tuesday, June 4. The credit of shares to the Demat accounts of successful bidders and the initiation of refunds for unsuccessful bidders will take place on June 5. Shares of Aimtron Electronics are likely to be listed on the NSE SME platform on Thursday, June 6.

The book running lead manager of Aimtron Electronics IPO is Hem Securities Limited. The registrar for the issue is Link Intime India Private Ltd and the market maker for the issue is Hem Finlease.

The price band of Aimtron Electronics IPO has been fixed at ₹153 to ₹161 per share. Retail investors can bid for a minimum lot size of 800 shares which in turn amounts to ₹1,28,800.

Aimtron Electronics IPO: Objectives

Aimtron Electronics will use the money raised through the IPO for repaying outstanding borrowings, funding capital expenditure for the installation of additional plant and machinery. The money will also be used for funding the company’s working capital requirements.

About Aimtron Electronics

Aimtron Electronics was founded in 2011 and provides solutions for electronics system design and manufacturing (ESDM) services. The company offers PCB design, assembly and complete electronic system manufacturing to its clients across the globe in countries such as USA, Hong Kong, the UK, Spain and Mexico. The company’s facilities are located in Vadodara, Gujarat, and Bengaluru, Karnataka.

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