Aimtron Electronics IPO subscribed 2x on day 1: Check price band, lot size and other key details

Aimtron Electronics Ltd IPO has been fully subscribed within hours of launch on Thursday, May 30, led by strong demand from retail investors.

The initial public offer of the electronics system design and manufacturing (ESDM) services received bids for more than 81.53 lakh shares compared to 35.87 lakh shares on offer leading to an overall subscription of 2.27 times on the first day of bidding, the NSE data showed.

Demand for the issue was driven by retail investors as they bid for more than 50.58 lakh shares compared to 17.93 lakh shares reserved for the segment. The issue was booked 2.82 times in the retail category.

To know more and apply for Aimtron Electronics Ltd IPO, click here

The non-institutional investors (NIIs) applied for more than 10.98 lakh shares compared to 7.68 lakh shares reserved for the category, leading to a subscription of 1.42 times in the category. The qualified institutional buyers’ (QIBs) category was booked 1.94 times with biddings for more than 19.96 lakh shares against 10.24 lakh shares set aside for the segment.

The book-building issue of Aimtron Electronics IPO is valued at ₹87.02 crore and comprises an entirely fresh issue of 54.05 lakh shares.

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

Aimtron Electronics IPO dates

Aimtron Electronics IPO subscription window opened on Thursday, May 30 and will close on Monday, June 3. The share allotment status of the IPO is expected to be finalised by Tuesday, June 4.

The initiation of refunds will be done on Wednesday, June 5, and shares will be credited to the Demat accounts of successful bidders on the same day.

Shares of Aimtron Electronics are tentatively scheduled to get listed on the NSE SME platform, Emerge, on June 6.

Aimtron Electronics IPO price band and lot size

Aimtron Electronics IPO price band ranges from ₹153 to ₹161 per share. Retail investors can bid for a single lot size of 800 shares, which translates to a minimum investment amount of ₹1,28,800.

Aimtron Electronics IPO objective

Aimtron Electronics will use the money raised via the IPO for the repayment of outstanding borrowings. The money will also be used for capital expenditure to install additional plants and machinery, and to fund working capital requirements.

About Aimtron Electronics Limited

Aimtron Electronics Limited was founded in April 2011. The company is a leading provider of ESDM services. It offers PCB design, assembly, and complete electronic system manufacturing services. The company’s clientele includes domestic and global manufacturers in India, the United States, Hong Kong, the United Kingdom, Spain and Mexico. The company has manufacturing facilities in Vadodara, Gujarat, and Bengaluru, Karnataka.

To invest in IPOs on Upstox, CLICK HERE to open a free demat account today.