Aartech Solonics Limited IPO Review- Allotments status, IPO detail

Company Detail:

Aartech Solonics Limited established in 1982 in Gwalior, Madhya Pradesh. BTS-2000,
Kranking Ultra Capacitors, Control Rely Panels, Load Checkers, GSUN Innovations,
Bestcase Enclosures are popular products of the company.  The company’s clients base
includes business from various industrious like railways, power generation, defense oil & gas,
heavy earth moving equipment etc.

Company Financial Information:

Financial Rs. in Lakhs

Mar-18 Mar-17 Mar-16 Mar-15 Mar-14
Total Revenue 1,208.50 1,342.05 1,025.84 994.35 953.79
Total Expenses 1,071.47 1,309.81 999.75 852.24 1,021.91
Profit After Tax 117.58 30.09 22.81 112.62 (70.41)

Purpose of the issue:

The Purpose of the Issue are:

  • Investment in the wholly owned subsidiary company- M/S Aartech Solonics Pvt Ltd
  • Investment in the wholly owned subsidiary company- M/S Faradigm Ultracapacitors Pvt Ltd.
  • For General Corporate Expenses including capital expenditure and R&D
  • For working capital Requirements
  • Meeting Public Issue Expense.

Company Promoters:

  • Anant Raje
  • Chhaya Raje

IPO Detail:

Particular Detail
Issue Open Date 21st Feb 2019
Issue Closing Date 26th Feb 2019
Face value Rs. 10
Price Band (Rs.) 34
Minimum Bid Quantity 4,000 Equity shares
Market Lot 1
No. of issue share 21,20,000
IPO Draft Link
 Draft Prospectus
IPO Allotment Status
Click here to check IPO Allotment Status
IPO Lead Manager
Swastika Investment Ltd.
IPO Listing At
BSE

Comparison with listed industry peers

Companies standalone/

Consolidated

CMP* Basic EPS PE Ratio Ronw% NAV FV
Aartech Solonic Limited as on March 2018 standalone 34 2.38 14.29 5.45% 36

26

10
Peers Groups
Star Delta Transformers Limited Standalone 120 10.72 11.19 8.20% 130.80 10
Transformers and Rectifiers (India) Limited Standalone 17.90 9.83 1.82 3.92% 250.9 10

Ronw= Return on Net worth

NAV= Net Asset Value

Company Address:

Aartech Solonics Limited

E-2/57,

Ashirvad Arera colony,

Bhopal MP- 462016

Email Id: compliance@aartechsolonics.com

Website: www.aartechsolonics.com

IPO Registrar Office:

Bighshare Services Pvt Ltd

1st Floor, Bharat Tin Work Building, Opp. Vasant Oasis,

Makwana Road, Marol, Andheri East, Mumbai – 400 059

Email Id: ipo@bigshareonline.com

Website: www.bigshareonline.com

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