Aimtron Electronics Ltd - IPO

Aimtron Electronics Ltd IPO Details

Initial public offer of upto 54,04,800 equity shares of face value of Rs. 10/- each (the Equity Shares) of Aimtron Electronics Limited (The Company or AIL or The Issuer) at an issue price of Rs. 161 per equity share for cash, aggregating up to Rs. 87.02 crores (Public Issue) out of which 2,81,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 161 per equity share for cash, aggregating Rs. 4.53 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 51,23,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 161 per equity share for cash, aggregating upto Rs. 82.48 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.48 % and 25.10 % respectively of the post- issue paid-up equity share capital of the company.The company, in consultation with the brlm, has allotted a pre-ipo placement of 4,64,000 equity shares by way of a private placement at an issue price of Rs. 148 per equity share (including a premium of Rs. 138 per equity share) for an aggregate consideration of Rs. 6.87 crores. Accordingly, the size of the issue has been reduced by 4,64,000 equity shares. The investors that have subscribed to the equity shares of the company pursuant to the pre-ipo placement have been informed that there is no guarantee that the issue may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk.

Objective of issue

Repayment in full or in part of certain of its outstanding borrowings. Funding capital expenditure towards installation of additional plant and machinery. Funding to meet working capital requirements. General corporate purposes.

Aimtron Electronics Ltd Contact Details

Aimtron Electronics Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@aimtron.com

Website - www.aimtron.in