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Auro Impex & Chemicals IPO GMP, Price, Dates & Allotment Details 2023

Auro Impex & Chemicals IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Auro Impex & Chemicals IPO will open on May 11 and close on May 15, 2023. As per the DRHP filed with SEBI, the company intends to issue up to ₹ 27.07 crores through this public offering. Which will be issued at a price of ₹ 74 to ₹ 78 per share.

About Auro Impex & Chemicals Limited (“the Company”)

The company was originally incorporated in 1994 in Kolkata.It is an ISO 9001:2015-certified business that specialises in producing collecting electrodes, discharge electrode plate steel structures, and other internal parts of an electrostatic precipitator (ESP), a filtration device used in a variety of heavy industries, including steel plants, sponge iron industries, cement plants, thermal energy plants, and any other plant where coal is burned, to remove smoke and fine dust particles from flowing gas.

Impex & Chemicals Limited had set up a manufacturing facility for manufacturing electrostatic precipitator internals for American and European designs in the state of West Bengal, spread across an area of 2.44 acres of land with all the requisite machines and equipment.

The company is specifically engaged in the manufacturing of

  1. Collecting electrodes from all profiles,
  2. Discharge Electrodes, 
  3. electro-magnetic rapper,
  4. Tank fabrication and duct fabrication, and
  5. other ESP internal spare parts, for some Original Equipment Manufacturers (OEMs) and service providers, ranging from sourcing components, designing, manufacturing, and quality testing per the specifications provided by OEMs and service providers.

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  • To meet the working capital requirements.
  • General corporate purpose and to meet the issue expenses.

Financial Highlights (Restated Consolidated)

ParticularsThe period ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1,4221,155
Total Assets7,0976,2203,3612,841
Total Borrowings3,5883,680
Total Revenue12,24915,1857,3733,761
Profit After Tax2672309127
(Amount in ₹ Lakhs)

IPO details

Issue TypeBook built issue IPO
IPO Price₹ 74 to ₹ 78 per share
Face Value₹ 10 per share
Market Lot1600 Shares
Issue Size3,470,400 shares (aggregating up to ₹ 27.07 crores)
Fresh Issue2,920,000 shares (aggregating up to ₹ [.] crores)
Offer for Sale550,000 shares of ₹ 10 each (aggregating up to ₹ [.] crores)
QIB Shares OfferedNot more than 10.00% of the Net offer
NII (HNI) Shares OfferedNot less than 33.98% of the Offer
Retail Shares OfferedNot less than 56.02% of the Offer
Market Maker Rikhav Securities Ltd.
Market Maker portion174,400 shares
Listing AtNSE SME
Company PromotersMr Madhusudan Goenka and Mr Praveen Kumar Goenka

GMP : Auro Impex & Chemicals IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates : Auro Impex & Chemicals IPO

The issue opens for subscription on May 11, 2023, and closes for subscription on May 15, 2023 (both days inclusive). The basis of allotment will be finalised on May 18th, 2023, and the refunds will be initiated on May 19, 2023. In addition, the demat credits are expected to happen on May 22, 2023, and the stock will list on May 23, 2023, on the NSE SME segment. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateMay 11, 2023
Closing DateMay 15, 2023
Basis of AllotmentMay 18, 2023
Initiation of RefundsMay 19, 2023
A credit of shares to Demat A/cMay 22, 2023
Listing DateMay 23, 2023

Lot Size

The lot size of the Auro Impex & Chemicals IPO is 1,600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,600 shares of ₹ 1,24,800.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,600₹ 124,800
Retail (Maximum)11,600₹ 124,800
HNI (Minimum)23,200₹ 249,600

Promoters Holdings 

Pre-issue Shares Holdings99.99%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationAuro Impex & Chemicals Limited
32 K.L. Saigal Sarani, 740A, Block- P,
New Alipore, Kolkata- 700053
Phone:
+91 8240927251
Email:
[email protected]
Website: https://auroimpex.com/
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)Affinity Global Capital Market Private Limited 

FAQ’s

The finalisation of the basis of allotment for the Auro Impex & Chemicals IPO will be done on May 18, 2023, and the allotted shares will be credited to your demat account by May 22, 2023. Check the Auro Impex & Chemicals IPO allotment status.

The Auro Impex & Chemicals IPO shares listing date is May 23, 2023.

The investors’ portion for QIB is 10% of the Net offers, NII (HNI) is 33.98%, and retail is 56.02% of the offer.

Click here for more FAQs.

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