Aartech Solonics Limited IPO

Add to Calendar 2019-03-12 12:00 AM 2019-03-18 12:00 AM Asia/Kolkata Aartech Solonics Limited IPO Aartech Solonics Limited India

Aartech Solonics Limited is an ISO 9001: 2015 certified Company engaged in manufacturing custom-built electrical appliances that focus in the field of specialised and Selected Energy Appliances. It’s popular BTS 2000 Fast Bus Transfer System is widely used across power plants and process industries. The Company has its base in Bhopal with having two production units located Mandideep, M.P and Parwanoo, H.P.

Date of Incorporation: It was initially incorporated as ‘ Aartech Solonics Private Limited’  on 24th August 1982 at Gwalior, Madhya Pradesh. Subsequently, it was reformed to public limited company reformed to ‘ Aartech Solonics Limited’ on 23rd April 1992.

Promoters of Aartech Solonics Limited: Mr Anil Anant Raje and Mrs Chhaya Raje are the promoters of Aartech Solonics Limited.

Products and Services Offering: The  Company is involved in the manufacturing of electricity and distribution and control gear for voltage exceeding 1000 volts and similar appliance including relays, sockets etc for less than 1000 volts. Its wide model of Portfolio and Services includes: Wedge Tightness Detector(Services), Purewave UPS (Solution), Purewave Dstatcom (Solution), Clip Fault Current Limiters (Solution) and Bestcase Enclosures among other varied product and service range.

Customer Segments: Aartech Solonics Limited is regarded as a leading technology company in the power sector across India as well as in USA & Europe. Therefore making its operational capacity to widen across Asia. Some of its Indian Clientele includes BHEL (Bhopal), Larsen & Toubro Limited, CG Power and Industrial Solution Limited and Electronic Instruments Industries among large Clientele lists.

Objects of Aartech Solonics Limited IPO:  The main objectives of this issue are:

  • - To make an investment in ‘AIC Aartech Solonics Private Limited’ (Rs. 200 Lakhs).

  • - To make an investment in ‘Faradigm Ultracapacitors Private Limited’ (Rs. 250 Lakhs).

  • - Fulfil General Corporate Expenses related to Capital Expenditure & Research and Development (Rs. 120.80 Lakhs).

  • - Working Capital Needs (Rs. 100 Lakhs).

    - To meet if Public Issue Expenses (Rs. 50 Lakhs).

Company Financials:


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






Total Assets






Total Revenue






Profit After Tax






Issue Detail

  • Issue Open: Mar 12, 2019
  • Issue Close: Mar 18, 2019
  • Issue Type: Fixed Price Issue
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 34 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 7.21 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,004,000 1,004,000 - - 2,008,000
Day 1 - Mar 12, 2019IST - 1.23x 0.29x - - 0.76x
Day 2 - Mar 13, 2019IST - 1.53x 0.49x - - 1.01x
Day 3 - Mar 14, 2019IST - 1.82x 0.94x - - 1.38x
Day 4 - Mar 15, 2019IST - 1.83x 1.12x - - 1.47x
Day 5 - Mar 18, 2019IST - 2.35x 1.64x - - 2.00x

Listing Day Trading Information

Issue Price Rs 34.00 -
Open Rs 33.95 -
Low Rs 33.95 -
High Rs 34.90 -
Last Trade Rs 34.60 -
Volume 312,000 -

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Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


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