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Aimtron IPO
Aimtron Electronics Ltd
₹1,22,400 /800 sharesMinimum Investment
Aimtron IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 May ‘24 - 3 Jun ‘24 | ₹1,22,400 | 800 | ₹153 - ₹161 |
| Issue Size | IPO Doc |
|---|---|
| 87.02Cr | RHP PDF |
About Aimtron
Founded in
2011
Managing director
Mr. Mukesh Jeram Vasani
Parent organisation
Aimtron Electronics Ltd
Strengths & Financials of Aimtron
Strengths
Risks
The company holds several quality certifications. These include:
i) ISO 13485:2016 (Quality Management System) certification – For medical devices applicable to manufacturers of hi-tech electronic assemblies for medical devices with measuring, monitoring, and displaying functions and contract assembly works.
ii) ISO 14001:2015 (Environmental Management System) certification for hi-tech electronic assemblies and contract assembly works.
iii) EN ISO 9001:2015 (Management Systems) applicable to hi-tech electronic assemblies and contract assembly works.
iv) The company’s Vadodara facility is approved by the Canadian Standards Association.
2. Clients across industries use the company’s products and services. This saves it from the concentration of business with a few clients.
3. The company offers diversified products and solutions comprising PCB design and assembly, box build assemblies and design solutions, and end-to-end services starting from designing to mass manufacturing.
4. The company has comprehensive in-house capabilities for designing and manufacturing the products it sells. To that extent, it is not dependent on third-party manufacturers.
For period ended on September 30, 2023 and financial years 2023, 2022 and 2021, the company’s top 10 customers contributed to 92.46%, 96.06%, 93.22% and 98.58% of its revenue from operations. During this same period, Aimtron Corporation, USA, a group company and its largest customer, accounted for about 54.69%, 55.99%, 49.42% and 7.78% of its revenue from operations. Any loss of business from these customers could hurt the company’s prospects.
The company operates in the highly competitive ESDM industry. Its main competitors are listed players like Kaynes Technology India Limited, Syrma SGS Technology Limited, Avalon Technologies Ltd, Vinyas Innovative Technologies Limited, etc. This could make it challenging for the company to gain market share in the future..
The company is significantly dependent on revenue from sale of PCB assemblies. During the stub ended September 30, 2023 and in FY23, FY22, and FY21, its revenue from sales of PCB assemblies was 73.90%, 88.01%, 79.53%, and 18.92 % of revenue from operations. Any slowdown in order inflow from this segment could adversely affect the company.
The company has registered net losses and negative cash flows in the past. Any repeat of this in future could hurt the business.
The company historically derived a significant part of its revenue from operations from exports. During the period ending September 30, 2023, FY23, FY22, and FY21, its revenue from exports accounted for 82.66%, 79.59%, 66.83%, and 89.65% respectively, of total revenue from operations. Any slowdown in export orders could negatively impact the company.
The company is involved in legal proceedings. The approximate value of these litigations is about Rs 0.38 crore. Any adverse decision in these proceedings could negatively impact the company.
As of December 31, 2023, the company had contingent liabilities of about Rs 2.7 crore. Any inability to service these liabilities could hurt the company’s business prospects.
Aimtron Financials
*All values are in Rs. Cr
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Application Details of Aimtron IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹153 - 161 | ₹2 - 5 Lakh |
| High Networth Individual | ₹153 - 161 | ₹2 - 5 Lakh |
For Aimtron IPO, eligible investors can apply as Regular.