Auro Impex & Chemicals Limited, a subsidiary of the Auro Group, was established in 1994 with a focus on manufacturing, exporting, and supplying Discharge & Collecting Electrodes, as well as other internal parts and spares for Electrostatic Precipitators (ESP).
The company specializes in the production of various types of Collecting Electrodes, Discharge Electrodes, Electromagnetic rappers, Tank Fabrication, Duct Fabrication, and other essential ESP internal spare parts. In short cater to both Original Equipment Manufacturers (OEMs) and service providers, offering comprehensive solutions that include component sourcing, design, manufacturing, and quality testing, all customized according to the specifications provided by the OEMs and service providers.
It has established a strong presence in the market by collaborating with reputable OEMs and Service Providers, some of which include Thermax Limited, Larsen & Toubro Limited, KC Cottrell India Private Limited, Isgec Heavy Engineering Limited, Hariaksh Industries Private Limited, Par Techno-Heat Pvt Ltd, Filter Flow Engineering Private Limited, Imeco Overseas Private Limited, and other renowned Brand owners.
With a history of expertise and a wide network of clients, the company has become a reliable source for high-quality ESP internal parts and spares in the industry.
Stock Quote #
- Open: ₹59.05
- High – Low: ₹61.00 – ₹59.05
- Previous Close: ₹61.00
- Total Traded Value: 30,400
- Updated On: Jul 21, 2023 4:00 PM
IPO Details #
| IPO Date | May 11, 2023 to May 15, 2023 |
| Listing Date | May 23, 2023 |
| Face Value | ₹10 per share |
| Price | ₹74 to ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,470,400 shares (aggregating up to ₹27.07 Cr) |
| Fresh Issue | 2,920,000 shares (aggregating up to ₹22.78 Cr) |
| Offer for Sale | 550,400 shares of ₹10 (aggregating up to ₹4.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 174,400 shares Rikhav Securities |
Auro Impex & Chemicals IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 174,400 (4.78%) |
| QIB Shares Offered | 347,040 (9.52%) |
| NII (HNI) Shares Offered | 1,179,242 (32.35%) |
| Retail Shares Offered | 1,944,118 (53.34%) |
| Total Shares Offered | 3,644,800 (100%) |
Auro Impex & Chemicals IPO Timetable (Tentative) #
Auro Impex & Chemicals IPO opens on May 11, 2023, and closes on May 15, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Thursday, 11 May 2023 |
| Closing Date | Monday, 15 May 2023 |
| Basis of Allotment | Thursday, 18 May 2023 |
| Initiation of Refunds | Friday, 19 May 2023 |
| Credit of Shares to Demat | Monday, 22 May 2023 |
| Listing Date | Tuesday, 23 May 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2023 |
Auro Impex & Chemicals IPO Lot Size #
The Auro Impex & Chemicals IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
| Lot Size Calculator | |||
Auro Impex & Chemicals IPO Promoter Holding #
Mr. Madhusudan Goenka and Mr. Praveen Kumar Goenka are the company promoters.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,841.42 | 3,760.98 | 27.01 | 322.62 | ||
| 31-Mar-21 | 3,360.59 | 7,372.70 | 90.54 | 413.16 | ||
| 31-Mar-22 | 6,219.56 | 15,184.93 | 230.03 | 1,155.04 | 1,077.70 | 3,679.97 |
| 31-Mar-23 | 8,228.09 | 23,296.54 | 599.92 | 1,754.96 | 826.88 | 4,875.92 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 12.07 |
| Market Cap (₹ Cr.) | 95.17 |
| Debt/Equity | 2.77 |
| EPS (Rs) | 6 |
| RoNW | 19.92% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the working capital requirements.
- General corporate purpose and to meet the issue expenses.
Auro Impex & Chemicals IPO Subscription Status (Bidding Detail) #
The Auro Impex & Chemicals IPO is subscribed 66.94 times on May 15, 2023 7:29:00 PM. The public issue subscribed 50.72 times in the retail category, 31.67 times in the QIB category, and 104.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 31.67 |
| NII | 104.05 |
| Retail | 50.72 |
| Total | 66.94 |
Total Application : 61,632 (50.73 times)
Auro Impex & Chemicals IPO Prospectus #
- Auro Impex & Chemicals IPO DRHP
- Auro Impex & Chemicals IPO RHP
Auro Impex & Chemicals IPO Listing Details #
| Listing Date | May 23, 2023 |
| BSE Script Code | |
| NSE Symbol | AUROIMPEX |
| ISIN | INE0NUL01018 |
| Final Issue Price | ₹78 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹78.00 |
| ₹78.00 |
| ₹74.20 |
| ₹78.50 |
| ₹75.70 |
Company Contact Information #
32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore, Kolkata- 700053
Phone: +91 8240927251
Email: investor@auroimpex.com
Website: https://auroimpex.com/
Auro Impex & Chemicals IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Auro Impex & Chemicals IPO Lead Manager(s) #
Frequently Asked Questions #
What is the business of Auro Impex & Chemicals Limited? #
Auro Impex & Chemicals Limited is engaged in the manufacturing, exporting, and supply of Discharge & Collecting Electrodes and Electrostatic Precipitator (ESP) internal parts and spares used for air pollution control in various industries.
When is the IPO date for Auro Impex & Chemicals IPO? #
The Auro Impex & Chemicals IPO was open for subscription from May 11, 2023, to May 15, 2023.
What is the total issue size and listing date of Auro Impex & Chemicals IPO? #
The total issue size of Auro Impex & Chemicals IPO is 3,470,400 shares, aggregating up to ₹27.07 crores. The listing date for Auro Impex & Chemicals IPO is May 23, 2023.
What is the IPO price and lot size for Auro Impex & Chemicals IPO? #
The IPO price for Auro Impex & Chemicals IPO was set in the price band of ₹74 to ₹78 per equity share. The lot size for the IPO is 1600 shares.
What are the services/products offered by Auro Impex & Chemicals Limited? #
Auro Impex & Chemicals manufactures and provides various products related to Electrostatic Precipitators (ESPs) used for air pollution control, including Collecting Electrodes, Discharge Electrodes, Electromagnetic rapper, Tank Fabrication, Duct Fabrication, and other ESP Internal spare parts.
What is the IPO subscription status of Auro Impex & Chemicals IPO? #
The Auro Impex & Chemicals IPO received strong subscription, with qualified institutional buyers (QIBs) subscribing 31.67 times, non-institutional investors (NIIs) subscribing 104.05 times, and retail individual investors (RIIs) subscribing 50.72 times.
Who are the promoters of Auro Impex & Chemicals Limited? #
Mr. Madhusudan Goenka and Mr. Praveen Kumar Goenka are the promoters of Auro Impex & Chemicals Limited.
What are the financial performance indicators of Auro Impex & Chemicals Limited? #
As of the latest available data, for the financial year ended March 2022, Auro Impex & Chemicals Limited had a total revenue of ₹23.29 crores and a net profit of ₹5.99 crores.
What is the review of Auro Impex & Chemicals IPO? #
The review highlights that Auro Impex & Chemicals is in the business of manufacturing and marketing electrodes/plates for air pollution control use and showed a significant performance for FY23. However, there have been concerns about non-transparency in the offer documents.
Please note that the information provided in the FAQs is based on the data available, overall for the latest updates and detailed information, please refer to the official sources and the prospectus of Auro Impex & Chemicals IPO.
