Aimtron Electronics Ltd IPO booked nearly 100 times on last day: Check subscription, allotment status and listing date

Aimtron Electronics Ltd IPO witnessed strong demand on the final day of bidding on Monday, June 3 as the public issue closed with a subscription of nearly 100 times.

The NSE SME public issue was subscribed 99.31 times with applications for over 35.62 crore shares compared to 35.87 lakh shares on offer, as per the stock exchange data.

The non-institutional investors’ (NIIs) segment was subscribed more than 203 times with bids for 15.61 crore shares compared to 7.68 lakh shares reserved for the category. Retail investors placed bids for more than 12.84 crore equity shares against 17.93 lakh shares on offer for the category, translating to a subscription of 71.61 times.

The Qualified Institutional Buyers (QIBs) submitted bids for 7.16 crore shares compared to 10.24 lakh shares reserved for the segment. The category was subscribed nearly 70 times.

Aimtron Electronics Ltd IPO is a book-building issue worth ₹87.02 crore. The issue comprises an entirely fresh issue of 54.05 lakh shares. The book running lead manager for the IPO is Hem Securities Limited. The registrar for the issue is Link Intime India Private Ltd and the market maker for Aimtron Electronics IPO is Hem Finlease.

Aimtron Electronics Ltd IPO details

Aimtron Electronics Ltd IPO price band was set at ₹153 to ₹161 per share. The minimum lot size for retail investors was 800 shares, amounting to a minimum investment of ₹1,28,800.

The subscription window for Aimtron Electronics Ltd IPO was open from May 30 to June 3. The basis of allotment for Aimtron Electronics IPO is likely to be decided on June 4. Successful bidders will receive the shares in their Demat accounts on June 5 and refunds will be initiated towards the accounts of unsuccessful bidders on the same day. Shares of Aimtron Electronics Ltd shares will tentatively make their debut on the NSE SME platform on June 6.

Aimtron Electronics Ltd IPO objective

Aimtron Electronics plans to use the money raised through its IPO for repayment in whole or part of outstanding borrowings and for funding the capital expenditure for installing additional plant and machinery, and to fund the working capital requirements of the company.

About Aimtron Electronics

Aimtron Electronics Ltd, founded in 2011, the company provides products and solutions for Electronics System Design and Manufacturing (ESDM) services. The company’s manufacturing facilities are located in Vadodara, Gujarat, and Bengaluru, Karnataka.

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