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Aimtron Electronics IPO
Price Band
₹153.0–161.0
Issue Size
₹87.02 Cr
Lot Size
800 shares
Min Investment
₹128,800
GMP
+₹25.0 (15.53%)
Issue Price
₹161.0
Subject to Sauda
₹15200
Paid only if allotted
Aimtron Electronics IPO AI Summary
- Aimtron Electronics IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹153.0–₹161.0 per share, lot size 800 shares (min. investment ₹128,800).
- Subscription window: 30 May–03 Jun 2024, listing on 06 Jun 2024.
- Current GMP is +₹25.0 (15.53%), an estimated listing price of ₹186 — unofficial and can change daily.
Aimtron Electronics is launching an IPO with an issue price of ₹161.0, aiming to raise approximately ₹87.02 Cr. The company has shown significant growth in total income and profit after tax in recent periods. Investors should consider the company's financials, market position, and their own risk tolerance before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aimtron Electronics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aimtron Electronics IPO Grey Market Premium (GMP) Today
GMP
+₹25.0
GMP %
+15.53%
Est. Listing
₹186.0
Updated: 25 Jul 2026 14:05
About the Company
Founded in April 2011, Aimtron Electricals Limited provides products and solutions for electronics system design and manufacturing ("ESDM") services, with a focus on high-value precision engineering products. The company offers PCB design, assembly, and complete electronic system manufacturing for domestic and global manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico. The company's solutions primarily consist of: (i) printed circuit board assembly ("PCBA"), (ii) any box build assemblies in addition to finding their application in battery management systems used in electrical vehicles (iii) design solutions offering end-to-end services right from conceptualizing the design, engineering, product prototype development, and manufacturing of turnkey requirements for our customers. The company has two manufacturing facilities. One is in Vadodara, Gujarat, and the other is in Bengaluru, Karnataka. As of September 30, 2023, the company's manufacturing facilities had a workforce of 131 people, including a team of 28 engineers to enhance operational efficiency. The company is ISO 13485:2016 certified for Quality Management System for medical devices and ISO 14001:2015 certified for Environmental Management System for High Tech Electronic Assemblies, as well as EN ISO 9001:2015 certified for Management system applicable to Hi-tech electronic assemblies.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 83.23 | 87.40 | 59.04 | 36.30 |
| Total Income | 67.64 | 72.40 | 26.89 | 54.06 |
| Profit After Tax | 9.77 | 8.63 | -1.80 | 15.72 |
| NET Worth | 41.00 | 31.23 | 20.39 | 21.44 |
| Reserves and Surplus | 26.45 | 28.32 | 19.69 | 20.76 |
| Total Borrowing | 18.22 | 20.24 | 8.49 | 2.63 |
Key Ratios
EPS
₹5.93
NAV
₹140.94
ROE
27.04%
ROCE
23.85%
RoNW
23.82%
P/B Value
1.14
P/E Ratio
27.13
Market Cap
₹321.19 Cr
PAT Margin
14.56%
Debt/Equity
0.44
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Syrma Sgs Technology Limited | 7.98% | 55.13 | 7.59 | 7.5 |
| Avalon Technologies Limited | 9.78% | 53.18 | 9.27 | 9.08 |
| Vinyas Innovative Technologies Limited | 16.13% | 35.67 | 19.62 | 19.62 |
| Kaynes Technology India Limited | 9.91% | 171.11 | 19.84 | 19.61 |
| Aimtron Electronics Limited This IPO | 27.64% | — | 7.9 | 7.9 |
Promoters
Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment in full or in part, of certain of the outstanding borrowings; 15.00 2 Funding Capital Expenditure towards installation of additional plant and machinery 18.63 3 Funding to meet working capital requirements 25.20 4 General Corporate Purpose 19.11
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹26.89 Cr in the year ending 31 Mar 2022, rising to ₹72.40 Cr by 31 Mar 2023. However, it decreased to ₹67.64 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was negative at ₹-1.80 Cr for the year ending 31 Mar 2022, then improved to ₹15.72 Cr by 31 Mar 2021, and further increased to ₹8.63 Cr by 31 Mar 2023. By 31 Dec 2023, profit after tax rose to ₹9.77 Cr.
Valuation
Aimtron Electronics has an implied P/E ratio of 27.13 at the issue price, compared to peers trading at P/E ratios ranging from 35.67 to 171.11.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A positive GMP suggests that the shares may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. Consider the company's growth potential and market position.
Who May Want to Wait
Conservative investors or those with a low-risk appetite may want to avoid IPOs like this, especially if they are unsure about the company's financial stability and growth prospects.
IPO Timeline, Explained
The IPO process involves several key dates: the opening date is when investors can start applying for shares, the closing date is when applications are no longer accepted, the allotment date is when shares are allocated to successful applicants, and the listing date is when shares start trading on the stock exchange.
Listing Gains — The Risk
Listing gains can be unpredictable. While some IPOs may list at a premium, others may not perform as well on the first day of trading. It is essential to understand that listing gains are not guaranteed and can vary based on market conditions and investor sentiment.
This evaluation is generated from Aimtron Electronics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aimtron Electronics IPO GMP today?
Aimtron Electronics IPO GMP today is +₹25.0 (15.53%), indicating an estimated listing price of ₹186. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aimtron Electronics IPO?
The price band of Aimtron Electronics IPO is ₹153.0–₹161.0 per share.
When does Aimtron Electronics IPO open and close?
Aimtron Electronics IPO opens on 30 May 2024 and closes on 03 June 2024.
When does Aimtron Electronics IPO list on the stock exchange?
Aimtron Electronics IPO listed on 06 June 2024 at ₹186.0.
What is the lot size for Aimtron Electronics IPO?
The lot size for Aimtron Electronics IPO is 800 shares, requiring a minimum investment of ₹128,800.
What is the price band for Aimtron Electronics IPO?
The price band for Aimtron Electronics IPO is ₹153.0 to ₹161.0.
What is the minimum investment required?
The minimum investment required is ₹128,800.
What is the lot size for the IPO?
The lot size for the IPO is 800 shares.
When is the listing date for the IPO?
The listing date for the IPO is June 6, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 May 2024
Close
03 Jun 2024
Allotment
04 Jun 2024
Listing
06 Jun 2024
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