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
- Collecting electrodes from all profiles,
- Discharge Electrodes,
- electro-magnetic rapper,
- Tank fabrication and duct fabrication, and
- 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)
| Particulars | The period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,422 | 1,155 | – | – |
| Total Assets | 7,097 | 6,220 | 3,361 | 2,841 |
| Total Borrowings | 3,588 | 3,680 | – | – |
| Total Revenue | 12,249 | 15,185 | 7,373 | 3,761 |
| Profit After Tax | 267 | 230 | 91 | 27 |
IPO details
| Issue Type | Book built issue IPO |
| IPO Price | ₹ 74 to ₹ 78 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1600 Shares |
| Issue Size | 3,470,400 shares (aggregating up to ₹ 27.07 crores) |
| Fresh Issue | 2,920,000 shares (aggregating up to ₹ [.] crores) |
| Offer for Sale | 550,000 shares of ₹ 10 each (aggregating up to ₹ [.] crores) |
| QIB Shares Offered | Not more than 10.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 33.98% of the Offer |
| Retail Shares Offered | Not less than 56.02% of the Offer |
| Market Maker | Rikhav Securities Ltd. |
| Market Maker portion | 174,400 shares |
| Listing At | NSE SME |
| Company Promoters | Mr 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 Date | May 11, 2023 |
| Closing Date | May 15, 2023 |
| Basis of Allotment | May 18, 2023 |
| Initiation of Refunds | May 19, 2023 |
| A credit of shares to Demat A/c | May 22, 2023 |
| Listing Date | May 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 124,800 |
| Retail (Maximum) | 1 | 1,600 | ₹ 124,800 |
| HNI (Minimum) | 2 | 3,200 | ₹ 249,600 |
Promoters Holdings
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Auro 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 Registrar | Cameo 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
When will Auro Impex & Chemicals IPO allotment be available?
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.
When will Auro Impex & Chemicals IPO list on exchanges?
The Auro Impex & Chemicals IPO shares listing date is May 23, 2023.
How many Auro Impex & Chemicals IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 10% of the Net offers, NII (HNI) is 33.98%, and retail is 56.02% of the offer.
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