Aimtron Electronics IPO Listing Day Performance

Strong listing for Aimtron Electronics in NSE-SME segment

Aimtron Electronics had a strong listing on 06th June 2024, listing at ₹241.00 per share, a premium of 49.69% over the issue price of ₹161 per share in the IPO. Here is the pre-open price discovery for the Aimtron Electronics IPO on the NSE.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

The SME IPO of Aimtron Electronics was a book built IPO in the price band of ₹153 to ₹161 per share. Considering the strong subscription response at over 99X and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of band at ₹161 per share. On 06th June 2024, the stock of Aimtron Electronics listed at ₹241.00 per share, a premium of 49.69% over the IPO price of ₹161.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹253.05 and the lower circuit price has been set at ₹228.95. 

As of 10.05 am, the volumes were 17.82 lakh shares while the turnover (value) was at ₹4,343 lakhs. The opening market cap of the stock stands at ₹516.57 crore. The stock will be traded in the ST segment of the NSE, which is for compulsory delivery only (Trade for Trade Surveillance Segment - TFTS). At 10.05 am, the stock is trading at ₹253.05, which is above the listing price of ₹241.00 per share and the stock is locked in the upper circuit in the morning after a strong listing. The stock of Aimtron Electronics has a face value if ₹10 per share and the market lot comprises of 800 shares. The stock trades under the NSE symbol (AIMTRON) and the ISIN code for demat credits will be (INE0RUV01018).

About the IPO of Aimtron Electronics

The stock of Aimtron Electronics has a face value of ₹10 per share and it is a book built issue. The price for the book building issue is set in the price band of ₹153 to ₹161 per share. Being a book built issue, the final price will be discovered within this band. The IPO of Aimtron Electronics has only a fresh issue component and no offer for sale (OFS) portion. While the fresh issue portion is EPS dilutive and equity dilutive, the OFS is just a transfer of ownership and  hence is not EPS or equity dilutive. As part of the fresh issue portion of the IPO, Aimtron Electronics will issue a total of 54,04,800 shares (54.05 lakh shares approximately), which at the upper band IPO price of ₹161 per share aggregates to fresh fund raising of ₹87.02 crore. Since there is no OFS, the fresh issue size will also double as the overall issue. Therefore, the overall IPO size will also comprise of the issue of 54,04,800 shares (54.05 lakh shares approximately) which at the upper band IPO price of ₹161 per share will aggregate to overall IPO size of ₹87.02 crore.

Like every SME IPO, this issue also has a market making portion with a market maker inventory allocation of 2,81,600 shares. Hem Finlease Private Ltd will be the market makers to the issue. The market maker provides two-way quotes to ensure liquidity on the counter and low basis costs, post listing. The company has been promoted by Mukesh Jeram Vasani, and Nirmal Vasani. The promoter holding in the company currently stands at 100%. However, post the fresh issue of shares, promoter equity holding share will get diluted to 72.91%. The fresh issue funds will be used by the company for capex towards additional plant & machinery, repayment of high cost borrowings and for working capital purposes. Some part of the funds will also be used for general corporate expenses. Hem Securities Ltd will be the lead manager to the issue, and Link Intime India Private Ltd will be the registrar to the issue. The market maker for the issue is Hem Finlease Private Ltd. The IPO of Aimtron Electronics will be listed on the SME IPO segment of the NSE.