IPO Details

Bidding Dates

10 May '23 - 14 May '23

Minimum Investment

₹124,800 / 1 Lots (1600 Shares)

Price Range

₹74 - ₹78

Maximum Investment

₹124,800 / 1 Lots (1600 Shares)

Retail Discount

Not Applicable

Issue Size

₹27.07 crore

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Non-Institutional Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 10, 2023

IPO Closing Date

May 14, 2023

Basis of Allotment

May 17, 2023

Initiation of Refunds

May 18, 2023

Credit of Shares to Demat Account

May 21, 2023

IPO Listing Date

May 22, 2023

Auro Impex & Chemicals IPO Subscription Details

DateQIBNIIRetailTotal

Day 1May 10, 2023

1.92 2.34 2.71 2.50

Day 2May 11, 2023

11.46 8.45 10.20 9.73

Auro Impex & Chemicals IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 11.46
Non-Institutional Buyers 8.45
Retail Investors 10.20
Employees [.]
Others [.]
Total 9.73

About Company

The company is involved in manufacturing, exporting, and supplying discharge and collecting electrodes and Electrostatic Precipitator (ESP) internal parts and spares.

Auto Impex & Chemicals, an ISO 9001:2015 certified company, specialises in the manufacturing of collecting electrodes, discharge electrode plate steel structures, and electrostatic precipitator (EP) components. The company manufactures a filtration device, that matches American and European standards, used to remove fine dust particles from flowing gas. 

Thermax, Larsen & Toubro, KC Cottrell India Private Ltd., Isgec Heavy Engineering, Hariaksh Industries Private Ltd., etc. are some of the renowned OEM clients of Auto Impex & Chemicals.

Currently, the single manufacturing facility of Auro Impex & Chemicals is located in the Hooghly district of West Bengal.

Auro Impex & Chemicals Limited IPO Details

Auto Impex & Chemical IPO worth Rs. 27.07 crore will open on May 11, 2023. The offer is a combination of fresh issues (29.2 lakh) and an offer for sale of 5.50 lakh from the selling promoter shareholder. 

Auro Impex & Chemicals Limited IPO Objective:

  • To meet working capital requirements 
  • General corporate purpose 
  • To meet issue expenses 
  • Should you invest in Auro Impex & Chemicals Limited?

    Here are a few significant reasons to consider before investing in the IPO:

    • It has a manufacturing unit built according to international standards and equipped with modern machines. 
    • The company sells its products through renowned OEMs and service providers and has developed long-running relationships with them.
    • With rising awareness and government initiatives to reduce air pollution, the global electrostatic precipitator market is expected to grow at a 4% CAGR from 2022-2030. 

    Competitive Peers 

    There are no listed companies in India whose business is comparable with that of Auro Impex & Chemicals Ltd. and its scale of operations.

    Noteworthy Highlights of Auro Impex & Chemicals Limited

    • The company’s revenue from operations and profit have grown steadily in the last three fiscal years. 
    • The manufacturing facility had a total installed capacity of 17,500 MT as of FY23.

    Auro Impex & Chemicals Company Financials

    Particulars Year ending on March 31, 2023 (Rs. lakh) Year ending on March 31, 2022 (Rs. lakh) Year ending on March 31, 2021 (Rs. lakh)
    Revenue from Operations 18,138.27 11,007.79 7,350.76
    Profit After Tax (PAT) 557.11 204.59 90.54
    PAT Margin 3.07% 1.86% 1.23%
    EBITDA 1,062.39 517.26 286.61
    EBITDA Margin 5.86% 4.70% 3.90%
    ROE 4.49% 29.43% 18.46%

    Know before investing

    Strengths

    3
    1. The company has built long standing relationships with its customers engaged in thermal power projects, development & construction projects, etc.

    2. It’s managed by experienced promoters and a management team.

    3. The company has many decades of experience in the same business line.

    Risks

    3
    1. Investors must note that after two years of average performance, there was a sudden hike in the company’s profit in the last fiscal year. It might raise questions regarding sustainability going forward.

    2. It depends on a few customers, and a loss of a customer will impact the company’s future profitability.

    3. Investors should move with caution as the offer lacks transparency.

    • How to Apply in IPO
    • How to Check IPO Allotment Status

    Login to Angel One App / Website & click on IPO

    Select desired IPO & tap on "Apply"

    Enter UPI ID, set quantity/price & submit

    Accept mandate on the UPI app to complete the process

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    Chose the IPO application you want to view the status for

    Auro Impex & Chemicals IPO FAQs

    What is Auro Impex & Chemicals Limited's IPO?

    The Auro Impex & Chemicals Limited IPO consists of fresh issues and an offer for sale of equities from promoter shareholders. The Auro Impex & Chemicals Limited IPO price band is fixed at Rs. 74-78 per share. 

    When will Auro Impex & Chemicals Limited's IPO allotment be available?

    The Basis of Allotment date for Auro Impex & Chemicals Limited is May 18, 2023.

    What will be Auro Impex & Chemicals Limited's IPO lot size?

    Retail investors can apply for one lot with 1600 shares.

    When will Auro Impex & Chemicals Limited's IPO open for subscription?

    The IPO bidding window will open on May 11, 2023.

    What minimum lot size can retail investors subscribe to?

    Retail investors can apply for a minimum of one lot.

    When will Auro Impex & Chemicals Limited list on exchanges?

    The Auro Impex & Chemicals Limited IPO will list on the exchange on May 23, 2023.

    How do I check the allotment status of the Auro Impex & Chemicals Limited IPO?

    You can check the Auro Impex & Chemicals Limited IPO allotment status from Angel One’s mobile app. Log in to the app and validate with an OTP. In the next step, enter your application number, DP ID, and PAN number into the app to check the allotment status.

    What would be the listing gains on the Auro Impex & Chemicals Limited IPO?

    Listing gains cannot be ascertained before the listing of the IPO shares on the stock exchange, which is May 23, 2023, in the case of Auro Impex & Chemicals Limited.

    I have finished the application process for the Auro Impex & Chemicals Limited IPO, but the funds are not yet debited. What is the reason?

    The bank will only block the amount in your account. The money will not be debited before the IPO shares are allotted.

    How to approve the UPI mandate request for Auro Impex & Chemicals Limited IPO?

    To approve the payment mandate, log in to your UPI handle. You will receive a payment request on the UPI payment platform. Approve the request.

    Can I submit more than one application for the public issue of Auro Impex & Chemicals Limited using one PAN?

    You can submit only one application using one PAN card.

    What is the minimum order quantity for the Auro Impex & Chemicals Limited IPO?

    The minimum order quantity is one lot with 1600 shares.