Auro Impex & Chemicals Limited IPO : Key Information

Auro Impex & Chemicals Limited IPO is set to launch on 10 May, 2023. The company initiated its business operations in the year 1994. The company deals into supply, exports and even manufacturing of Discharge and collecting electrodes, Electrostatic Precipitator and their spares and internal parts. 

It manufactures all the collecting electrode types such as Electromagnetic rapper, Discharge electrodes, Duct fabrication, Tank Fabrication, ESP Internal Spare Parts etc. These are used by OEMs and are also given to service providers. Its client list includes Larsen and Toubro Limited, Thermax Limited, Isgec Heavy Engineering Limited, KC Cottrell India Private Limited, Hariaksh Industries Private Limited, Imeco Overseas Private Limited, Filter Flow Engineering Private Limited, Par Techno-Heat Private Limited etc.

Auro Impex & Chemicals Limited IPO DETAILS

Auro Impex & Chemicals Limited IPO is set to launch on 10 May., 2023. The subscription timeline extends till 12 May, 2023. The size for the IPO is 20 Crore Rs. Shares issued through fresh issue mode are worth 20 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 74 to 78 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Cameo Corporate Services Limited.

Tabular Description of Auro Impex & Chemicals Limited IPO

IPO OPENING DATE	10 April., 2023
CLOSING DATE FOR IPO	12 May, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	74 to 78 Rs per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	20 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	20 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	22 May, 2023

Auro Impex & Chemicals Limited IPO : IMPORTANT DATES

IPO OPENING DATE	10 May., 2023
CLOSING DATE FOR IPO	12 May., 2023
IPO ALLOTMENT DATE	17 May., 2023
REFUNDS	18 May., 2023
DEMAT A/C CREDITED ON	19 May., 2023
IPO LISTING DATE	22 May., 2023

Auro Impex & Chemicals Limited IPO begins for subscription from 10 May., 2023. The IPO subscription would continue till 12 May., 2023. The allotment status for the shareholders who applied would come on 17 May., 2023. The refunds for the ones who did not get allotment would be initiated on 18 May., 2023. The DEMAT accounts of shareholders would be credited on 19 May., 2023. The listing of the company would be accompanied on 22 May., 2023.

Auro Impex & Chemicals Limited IPO : Lead Managers

The lead managers are :

• Affinity Global Corporate Market Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to  124800 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 249600 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	124800 Rs.
Maximum	3200 shares	249600 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	2841	3360	6219
Revenue	3760	7372	15184
PAT	27	90	230

Auro Impex & Chemicals Limited had an asset base of 2841 Lakh Rs in 2020. This increased to 3360 Lakh Rs in 2021 and 6219 Lakh Rs in 2022. The revenue of the firm was 3760 Lakh Rs in 2020 which increased almost 2 times to 7372 Lakh Rs in 2021 and 15184 Lakh Rs in 2022. The company earned 27 Lakh Rs in 2021 which was boosted to 90 Lakh Rs in 2021 and 230 Lakh Rs in 2022. 

PROS

• The company deals into supply, exports and even manufacturing of Discharge and collecting electrodes, Electrostatic Precipitator and their spares and internal parts.
• It manufactures all the collecting electrode types such as Electromagnetic rapper, Discharge electrodes, Duct fabrication, Tank Fabrication, ESP Internal Spare Parts etc. These are used by OEMs and are also given to service providers.
• Its client list includes Larsen and Toubro Limited, Thermax Limited, Isgec Heavy Engineering Limited, KC Cottrell India Private Limited, Hariaksh Industries Private Limited, Imeco Overseas Private Limited, Filter Flow Engineering Private Limited, Par Techno-Heat Private Limited etc.

CONS

• The company works into a very competitive segment.

Auro Impex & Chemicals Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Auro Impex & Chemicals Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.