Aimtron Electronics, a provider of electronic products to both domestic and international markets, made its debut on the NSE SME platform with a strong listing despite a weak initial entry.
The IPO garnered overwhelming demand, with bids exceeding 371 times the total shares on offer.
Priced at Rs 161.00 per share, the IPO witnessed significant investor interest. Investors enjoyed a listing gain of 119 percent, with shares opening at Rs 241.00 and soaring to Rs 253.05, marking a profit of 130 percent for IPO investors.
Robust Response to Aimtron Electronics IPO
Aimtron Electronics’ IPO, valued at Rs 87.02 crore, saw robust subscription figures during its subscription period from May 30 to June 3.
The IPO was oversubscribed by 99.24 times overall, with the non-institutional investor segment leading the pack at 202.74 times subscription.
The IPO proceeds, raised through the issuance of 54,04,800 new shares, will be utilized for debt repayment, expansion of manufacturing facilities, meeting working capital requirements, and general corporate purposes.
About Aimtron Electronics
Established in 2011, Aimtron Electronics specializes in electronics system design and manufacturing (ESDM) services, offering PCB design, assembly, and complete electronic systems.
With manufacturing facilities in Vadodara, Gujarat, and Bengaluru, Karnataka, the company serves clients not only in India but also in the US, Hong Kong, UK, Spain, and Mexico.
Financial Performance
Despite fluctuations in profitability, Aimtron Electronics has showcased resilience and growth.
After a net profit of Rs 15.72 crore in FY2021, the company faced a net loss of Rs 1.80 crore in FY2022, rebounding to a net profit of Rs 8.63 crore in FY2023.
The company witnessed a compound annual growth rate (CAGR) of over 15 percent in revenue, reaching Rs 72.40 crore.
In the latest financial year (2023-24), the company reported a net profit of Rs 9.77 crore and revenue of Rs 67.64 crore for the period of April-December 2023.
