Aimtron Electronics IPO: Check out the key dates, issue size, and more
About Aimtron Electronics
Aimtron Electronics, established in the year 2011 April, is a company that specializes in high-quality precision engineering goods. The company provides products and solutions for electronic system design and manufacturing (ESDM) services. Aimtron Electronics works with both domestic and foreign manufacturers in India, the US, Hong Kong, the UK, Spain, and Mexico by offering PCB design, assembly, and full electronic systems manufacturing services.
Aimtron Electronics IPO Dates & Price Band
The price band for the Aimtron Electronics IPO is set at ₹153-161 a share.
The IPO subscription is open for investors on Thursday, 30 May 2024, and will close on Monday, 3 June 2024.
Aimtron Electronics IPO Issue Size
The Aimtron electronics IPO is a new issue of 54.05 lakh shares. Through this issue, Aimtron Electronics plans to raise Rs.87.02 crore.
The minimum number of shares that the investors have to apply for is 800. Based on the issue price band of Rs.153-161 per share, retail investors need to invest Rs.128,800 for the minimum number of 800 shares (multiple thereafter). On the other hand, the minimum amount of investment for HNI is Rs.1,600 per share or 2 lots, which means an investment of Rs.257,600.
IPO News: Objectives of the Aimtron Electronics IPO
The revenue generated by the business of the business of the applicant is to be used by the applicant for the purposes of:
- Repayment of part or all of the existing indebtedness
- Financing of capital expenditure for the purpose of installing new equipment or plants
- Financing to meet the working capital requirement
- Financing for the general corporate purpose
Grey Market premium or the GMP
On the other hand, according to the data provided by Investorgain, the GMP at the time of writing is currently Rs.50 per share. Therefore, according to the information provided by Investorgain, the share price of Vilas transcore IPO equity shares is currently trading at Rs.211 per share, which is Rs.50 premium to the issue price or 31.06% premium to the grey market price.
In conclusion, the price band for the Aimtron Electronics IPO is set at ₹153-161 a share, and is observed to open its subscription for investors on Thursday, 30 May 2024, and will close on Monday, 3 June 2024.
