Aaron Industries IPO

Aaron Industries IPOBusiness description - Aaron Industries provides all elevator products and parts under one roof. It includes elevator cabins, doors, frame, header, traction machine etc. The company designs ultra-modern, up-to-the-mark cabins for luxurious properties-residential as well as commercials. The company is also engaged in production of various electronic equipment like distribution boxes, busbar chambers, loom switch, cable tray, building hardware material such as Z perline and slotted channel.

Promoters of Aaron Industries – Amar Chinubhai Doshi, Karan Amar Doshi, Monish Amar Doshi, Radhika Amar Doshi, Toral Karan Doshi and Bhoomi Monish Doshi
Aaron Industries IPO details
Subscription Dates 20 - 24 August 2018
IPO Price band INR38 per share
Fresh issue 1,257,000 shares (INR4.78 crore)
Offer for sale Nil
Total IPO size 1,257,000 shares (INR4.78 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE SME platform
Use of funds
  • Set up a new line of business in expansion plan - INR2.87 crore
  • Working capital requirement - INR1.55 crore
  • Public Issue Expenses - INR0.35 crore
Aaron Industries' financial performance (in INR lakh)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 39.1 237.8 331.9 480.3 1,179.1
Total expenses 37.7 232.5 326.3 473.2 1,031.6
Profit after tax 0.8 3.7 3.9 4.9 107.0
Aaron Industries' Contact Details

Aaron Industries Limited
B-65 & 66, 1st Floor, Jawahar Road No. 4,
Udhayog Nagar, Udhana
Surat-3942

Phone: +91 0261 2278410
Email: info1@aaronindustries.net
Website: www.aaronindustries.net

Aaron Industries IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.10
Day 2 0.35
Day 3 1.17
Day 4 2.84

 

Aaron Industries Valuation (For latest FY)

Earnings Per Share (EPS): INR10.47

Price/Earnings (P/E) ratio: 3.63

Return on Net Worth (RONW): 30.05%

Net Asset Value (NAV): INR18.94 per share

Registrar of Aaron Industries IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Aaron Industries IPO Allotment Status

Aaron Industries IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Aaron Industries

IPO Opening Date: 20 August 2018

IPO Closing Date: 24 August 2018

Listing Date: 3 September 2018

Listing Price on NSE SME: INR36.1 per share (down 5% from IPO price)

Closing Price on NSE SME: INR38.7 per share (up 1.84% from IPO price)

Aaron Industries IPO
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