About the Company:
Aaron Industries Ltd is engaged in manufacturing of various electronic equipment like Distribution boxes, Busbar chambers, Loom switch, cable tray, building hardware material such as Z perline and slotted channel.
Company was started in the year 2013 for manufacturing and trading of Elevator products and other elevator parts.
Currently Company is providing all Elevator product and parts under one roof. It includes Elevator cabins, doors, frame, Header, Traction Machine and etc. From designing ultra-modern, up-to-the-mark cabins for luxurious properties-residential as well as commercials.
Company is also engaged in manufacturing of various electronic equipment like Distribution boxes, Busbar chambers, Loom switch, cable tray, building hardware material such as Z perline and slotted channel.
Company is having good channel for distribution to the elevator retailers, elevator installers as well as end use customers. Company has excellent domestic market within the Gujarat and India. Further the Company is looking forward for expansion of its geographical market as there is lots of opportunities in International region.
Expansion of Business:
Company is doing expansion in new line of business from their existing business by setting up new unit at Kosamba, Gujarat. The unit will comprise of manufacturing, processing, polishing, coating, buffing, designing, etching, finishing of all kinds of metals, metal products and stainless steel.
The Company is in the process of acquiring and developing land and building for the new manufacturing plant.
Key highlights of the upcoming business of the Company are mentioned below:
- There are approximately 7 cr. expenditure including working capital requirements.
- The Company has placed an order to import machines from Foshan Ji Li Jia Machinery Co. Ltd., China.
- Phase-1 will commence from December 2018.
- It will provide a massive output of more than 100 ton per month.
Company is also looking to grab opportunities in business of trading and services of Hydraulic Lift and accessories along with Automobile parking solutions and Gate mechanism services.
- Mr. Amar Chinubhai Doshi (Designation: Chairman & Managing Director)
- Mr. Karan Amar Doshi (Designation: Whole Time Director)
- Mr. Monish Amarbhai Doshi (Designation: CFO & Director)
Objectives of the Issue:
- To set up a new line of business in Expansion plan.
- To meet working capital requirement.
- To meet the Public Issue Expenses.
Peer Group Comparison:
We believe that none of the listed companies in India offer products or services across the various business segments in which Aaron Industries operate.Hence we cannot make any Comparison.
|Particulars||Amount (Rs. in Crores)|
|To set up a new line of business in expansion plan||2.87|
|Working Capital Requirement||1.55|
|Public Issue Expenses||0.35|
|Net Proceeds||4.77 cr|
Financials of the Company:
|(in Crores)||FY 14||FY 15||FY 16||FY 17||FY 18|
|Issue Opens on||20th August 2017|
|Issue Closes on:.||24th August 2017|
|Issue Size||Rs.4.77 cr|
|Market Cap||Rs.18.17 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||12,57,000|
|Equity Shares Prior to the Issue||35,25,838|
|Equity Shares after the Issue||47,82,838|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Bigshare Website (Click on the below Link)
|Company Contact Info:|
|Aaron Industries Ltd
B-65 & 66, Jawahar Road No. 4,
Udhayog Nagar, Udhana, Surat-394210 ,Gujarat, India
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin works building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel: +91 – 22 – 62638200;
Fax: +91 – 22 – 62638299;
|Lead Manager to the Issue:|
|GRETEX CORPORATE SERVICES PRIVATE LIMITED
Office no.102, 1st Floor, Kanakia Atrium-2,
Chakala, Andheri Kurla Road,
Behind Courtyard Marriot, Mumbai – 400093,
Tel No.: +91 – 22 – 9836822199 / 9836821999,
Fax No.: +91 – 22 – 28200298