Aaron Industries Limited IPO

Aaron Industries Limited

Issue Open

Aug 20, 2018

Price Band

₹ 38

Issue Size

₹ 4.78 Cr

Credit of Shares to Demat


Issue Close

Aug 24, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Fixed Price Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Sep 03, 2018



About the company:

Aaron Industries Limited is currently active in the manufacturing and trading of the Elevators products and other elevator parts. It has recently received Certificate of Participation at International Elevator Escalation Expo – March 2018. Its entire revenue increased from Rs 39.07 Lakh in FY 2014 to  Rs 11.7914 crore in FY 2018, representing a Compound annual growth rate of 97.67 %.

Date of Establishment: Aaron Industries Limited was incorporated as the private limited company named ’Aaron Industries Private Limited’ on 23rd October 2013 under the provisions of the Companies Act 1956 issued by the Registrar of Companies, Ahmedabad, Gujarat. Subsequently, the company was reformed to the public limited company on 29th January 2018.

Promoters of Aaron Industries Limited: Mr Amar Chinubhai Doshi, Mr Karan Amar Doshi, Mr Monish Amarbhai Doshi, Ms Radhika Amar Doshi, Ms Toral Karan Doshi and Ms Bhoomi Monish Doshi are the promoters of Aaron Industries Limited.

Products and Services Offering: Aaron industries Limited currently offers diversified products range mainly in the elevator segments that include:

  • - Door Operators

  • - Elevators Doors

  • - Elevators Cabin

  • - Elevator Kits

    Apart from that, it is also engaging in the manufacturing of Distribution boxes, Loom switch, Busbar chambers, cable tray and Z perline among others.

Customer Segments: The Aaron Industries Limited distributes the products to elevators retailers, elevators installers and end-user customers through a strong network of distribution and sales that is spread across domestic markets in Gujarat.

The Objects of Aaron Industries Limited IPO: The main objective of the Aaron Industries Limited IPO are:

    - To set up a new line of business in expansion plan.

  • - To meet the working capital requirement.

  • - To meet the Public Issue Expenses.

Company Financials:

Summary of Financial Information (Restated)


For the year/period ended (in Rs. Lakhs)

3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

6 2.61

2 5.41

2 0.80

1 6.48

3 .72

Total Revenue

1 179.14

4 0.31

3 1.89

2 7.81

3 .07

Profit After Tax

1 7.03

4 94

3 86

3 66

0 84


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