Aaron Industries Limited IPO (Aaron Industries IPO) Detail

Aaron Industries Limited

Aaron Industries Limited IPO (Aaron Industries IPO) Detail

ABOUT  THE COMPANY:

The Aaron Industries Limited was founded by Mr. Amar Chinubhai Doshi in the year 2013 as a separate entity for elevator industry to provide an exceptional design in Elevator cabins and started their own journey as group Company of MOTI Group. Within the short span of time, the company has changed the elevator industry from simple cabins to extra-ordinary designer cabins.

The Company involves in Manufacturing and Trading of Elevator products and other elevator parts with the continuation of the existing business of MOTI group. Currently, they are providing all Elevator product and parts under one roof. It includes Elevator cabins, DoorsFremHeader, Traction Machine and etc. From designing ultra-modern, up-to-the-mark cabins for luxurious properties-residential as well as commercials, they give customers an artistic edge that enhances their property and provides customer satisfaction.

Aaron Industries also provides electronic equipment like Busbar chambers, Cable tray, Distribution boxes, Loom switch and building hardware material like Z perline and slotted channel etc.

The Company total revenue increased from 39.07 Lakh in FY14 to 1,179.14 Lakh in FY18, representing a CAGR of 97.67 %. Their EBITDA increased from 1.45 Lakh in FY14 to 160.73 Lakh in FY18, representing a CAGR of 156.42%.

Promoters And Management:

The Promoters of the Company are:-
1. Mr. Amar Chinubhai Doshi
2. Mr. Karan Amar Doshi
3. Mr. Monish Amarbhai Doshi
4. Ms. Radhika Amar Doshi
5. Ms. Toral Karan Doshi
6. Ms. Bhoomi Monish Doshi

Financials of Aaron Industries Limited :

Aaron IndustriesLimited financial performance (in INR lakh)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 39.1 237.8 331.9 480.3 1,179.1
Total expenses 37.7 232.5 326.3 473.2 1,031.6
Profit after tax 0.8 3.7 3.9 4.9 107.0

 

Objects of the Aaron Industries Limited IPO:

The Objects of the Issue are to:
1. Set up a new line of business in the expansion plan
2. Meet the working capital requirement; and

3. Meet the Public Issue Expenses

Aaron Industries Limited IPO Details:

Aaron Industries IPO details
Subscription Dates 20 – 24 August 2018
IPO Price band INR38 per share
Fresh issue 1,257,000 shares (INR4.78 crore)
Offer for sale Nil
Total IPO size 1,257,000 shares (INR4.78 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE SME platform

Company Contact Information:

Aaron Industries Limited
B-65 & 66,
Jawahar Road No. 4, Udhyog Nagar
Udhana, Surat-394210, Gujarat
Phone: +91-02612278410
Fax:
Email: info1@aaronindustries.net
Website: http://www.aaronindustries.net/

Aaron Industries Limited IPO Registrar:

Bigshare Services Pvt. Ltd
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Aaron Industries IPO Lead Manager(s):

SEBI Registration No. INM000012177

Gretex Corporate Services Pvt Ltd
Office No. 13, 1st Floor, Raja Bahadur Mansion,
New Bansilal Building, 9 -15, HomiModi Street ,
Fort, Near BSE Ltd, Mumbai -400023

Website:  http://www.gretexcorporate.com
Email:  ipo@gretexgroup.com
Phone: +91 – 22 – 40025273
Fax: +91 – 22 – 40025273

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