IPO Details
Bidding Dates
11 May '23 - 15 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 11, 2023
IPO Closing Date
May 15, 2023
Basis of Allotment
May 18, 2023
Initiation of Refunds
May 19, 2023
Credit of Shares to Demat Account
May 22, 2023
IPO Listing Date
May 23, 2023
Auro Impex & Chemicals IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1May 11, 2023 |
1.92 | 2.34 | 2.71 | 2.50 |
Day 2May 12, 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:
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-
The company has built long standing relationships with its customers engaged in thermal power projects, development & construction projects, etc.
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It’s managed by experienced promoters and a management team.
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The company has many decades of experience in the same business line.
Risks
3-
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.
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It depends on a few customers, and a loss of a customer will impact the company’s future profitability.
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Investors should move with caution as the offer lacks transparency.
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Auro Impex & Chemicals IPO FAQs
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.
The Basis of Allotment date for Auro Impex & Chemicals Limited is May 18, 2023.
Retail investors can apply for one lot with 1600 shares.
The IPO bidding window will open on May 11, 2023.
Retail investors can apply for a minimum of one lot.
The Auro Impex & Chemicals Limited IPO will list on the exchange on May 23, 2023.
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.
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.
The bank will only block the amount in your account. The money will not be debited before the IPO shares are allotted.
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.
You can submit only one application using one PAN card.
The minimum order quantity is one lot with 1600 shares.
