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Auro Impex & Chemicals IPO

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Listing Details

  • Listing Exchange NSE SME
  • Listing Date 23-May-23
  • IPO Price Range ₹ 74 to ₹78
  • Listing Price ₹ 78
  • Listing Change -
  • Last Traded Price ₹ 105
  • Current Change -

Auro Impex IPO Details

  • Open Date 11-May-23
  • Close Date 15-May-23
  • Lot Size 1600
  • IPO Size ₹ 20.00 Cr
  • IPO Price Range ₹ 74 to ₹78
  • Min Investment ₹ 118400
  • Listing Exchange NSE SME
  • Basis of Allotment 18-May-23
  • Refunds 19-May-23
  • Credit to Demat Account 22-May-23
  • Listing Date 23-May-23

Auro Impex & Chemicals IPO Subscription Status

Date QIB NII Retail TOTAL
11-May-23 1.92x 2.34x 2.64x 2.47x

Auro Impex IPO Synopsis

Auro Impex & Chemicals Limited, a manufacturer, exporter, and supplier of Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares IPO worth Rs. 27 crores opens on 11th May and closes on 15th May. 

The issue consists of a fresh issue of equity shares aggregating to ₹27 crores. The price band for the issue is fixed at Rs. 74 to Rs.78 per share. The GMP premium is trading at Rs. 10.  The lot size is set for 1600 shares per lot. The shares will be allotted on the 18th of May and the issue will be listed on the 23rd of May on the stock exchanges. 

The book running lead managers to the offer namely, Affinity Global Capital Market Pvt Ltd

Objective of the Auro Impex & Chemicals

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

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

About Auro Impex & Chemicals

Auro Impex & Chemicals is engaged in manufacturing, exporting, and supply of Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares.

The company manufactures Collecting Electrodes of all profiles, Discharge Electrodes, Electromagnetic rapper, Tank Fabrication and Duct Fabrication, and other ESP Internal spare parts, for Original Equipment manufacturers (OEMs) and service providers ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by OEMs and service providers.

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Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 11078.24 7372.7 3760.98
EBITDA 512.76  286.61 231.34
PAT 204.59 90.54 27.01
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 6219.56 3360.59 2841.42
Share Capital 77.34 77.34 77.34
Total Borrowings 2411.65 1583.72 1430.57
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 30.56 67.22 414.86
Net cash from / (used in) investing activities 261.19 98.38 9.55
Net cash flow from / (used in) financing activities 666.86 28.28 382.07
Net increase (decrease) in cash and cash equivalents 375.11 2.88 23.24

Peer Comparison

There are no listed companies in India that engage in a business similar to that of the company. 


Auro Impex IPO Key Points

  • Strengths

    1. Established presence with more than two decade of experience in the trading, distribution and manufacturing of Air Pollution Control Equipment
    2.  Diversified Business with a product portfolio and consistent focus on quality
    3.  Established distribution network and long-term stable relationship with our customers
    4.  Integrated Manufacturing Facility to deliver quality products
    5.  Experienced promoter and strong senior management team with an extensive knowledge of the sector
     

  • Risks

    1. The business is dependent on a few customers and the loss of, or a significant reduction in purchases by such customers could adversely affect the company.
    2. Design and engineering team designs products as per the specifications provided by the OEMs or Service providers. Any variation from the customer specification may lead to increase in cost or reduce margins.
    3. The company faces contractual risks with its suppliers owing to Purchase Orders, entered into with them.
    4. Changes in consumer preferences, regulatory or industry requirements or in competitive technologies may render certain of its products obsolete or less attractive.
    5. The company is affected by the prices, availability and quality of our raw materials used in our production. 
    6. The company has only one manufacturing facility.
    7.  Company has availed certain unsecured loans from various body corporates which may be recalled at any time.
    8. The company had negative cash flow in recent years
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Auro Impex IPO FAQs

What is the price band of the Auro Impex & Chemicals Limited IPO?

The price band of the Auro Impex & Chemicals Limited IPO is Rs. 74 to Rs. 78.

When does the Auro Impex & Chemicals Limited IPO opens and closes?

The  Auro Impex & Chemicals IPO opens on May 11, 2023 and closes on May 15, 2023.

What is the minimum lot size and investment required for the Auro Impex & Chemicals Limited IPO?

The minimum lot size and investment required for the Auro Impex & Chemicals Limited IPO is 1600 shares.

What is the size of Auro Impex & Chemicals Limited IPO issue?

The IPO comprise of a fresh issue of equity shares aggregating to ₹20 crores.

What is the allotment date of Auro Impex & Chemicals Limited IPO ?

18th May 2023 is the allotment date of Auro Impex & Chemicals Limited IPO.

What is the Auro Impex & Chemicals Limited IPO listing date

The Auro Impex & Chemicals Limited IPO  listing date is 23rd May 2023.

What is the objective of the issue?

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

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

How to apply for the Auro Impex & Chemicals Limited IPO?

To apply for the IPO, follow the steps given below

●    Login to your 5paisa account and select the issue in the current IPO section
●    Enter the number of lots and price at which you wish to apply for
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
●    You will receive a mandate notification to block funds in your UPI app
 

Who are the promoters/key personnels of Auro Impex & Chemicals Limited IPO?

Mr. Madhusudan Goenka and Mr. Praveen Kumar Goenka are the company promoters.

Who are the book runners for Auro Impex & Chemicals Limited IPO?

Affinity Global Capital Market Private Limited are the book running lead managers to the issue.

Contact Details of Auro Impex & Chemicals IPO

Contact Information

Auro Impex & Chemicals Limited

32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore, Kolkata- 700053
Phone: +91 8240927251
Email: investor@auroimpex.com
Website: https://auroimpex.com/

Auro Impex & Chemicals IPO Register

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Auro Impex & Chemicals IPO Lead Manager

Affinity Global Capital Market Private Limited