Aartech Solonics Ltd

About the Company:

Aartech Solonics Ltd is an ISO 9001: 2015 certified 30 years old company working in the field of Specialized and Selected Energy Applications.

Company is associated with some of the best in class technology companies in the power sector in India as well as in USA & Europe and works closely with them in offering system integrated products and services to customers all over Asia.

Company’s popular flagship import substitute product BTS 2000 Fast Bus Transfer System is used in a large number of power plants and process industries (aggregating to > 50,000 MW in India and some abroad) and are one of the leading manufacturer of this technology in India, competing with a handful of global manufacturers internationally .

Company’s customer base includes many names from various domains such as Defense, Power Generation, Railways, Heavy Earth Moving Equipments, Oil & Gas Industry and Academics.

Company works around the concept of System Solution Division (SSDs) and have several operative System Solution Divisions (SSDs), BTS 2000 – Microprocessor Based Fast Bus Transfer Systems (being the flagship SSD at present), Ultra-Capacitor, Load Checker, Control & Relay Panel & Load Checkers.

Company also offers solutions/services on Clip Fault Current Limiters, Pure Wave DSTATCOM, Pure wave UPS& Wedge Tightness Detector. They have also started business line in LED Backlit frames and trading of plastic enclosures for industrial purposes.


Company’s Revenue Breakup: (in Lakhs)


Company’s Manufacturing Facilities:

Company has two manufacturing hubs one at each Mandideep,(Madhya Pradesh). and Parwanoo,(Himachal Pradesh).

Aartech’s Unit#1 is located in the industrial town of Mandideep, 20 kms from Bhopal. It encompasses 12000 sq. meters of land and 1500 sq. meters of built up area – housing all necessary machineries, equipments and warehouse space for its SSDs.

Aartech’s Unit#2 is located at Parwanoo, Himachal Pradesh and supports the manufacturing activities of the BTS 2000 & LT microprocessor based fast bus transfer system SSD.


Management Team:

  1. Mr. Anil Anant Raje (Designation: Managing Director)
  2. Mr. Amit Anil Raje (Designation: Whole time Director)


Objectives of the Issue:

  • Investment in wholly owned subsidiary company – “M/S AIC Aartech Solonics Private Limited”
  • Investment in wholly owned subsidiary company – “ M/S Faradigm Ultracapacitors Private Limited”.
  • For General Corporate Expenses including Capital Expenditure & Research and Development Expenses.
  • Working Capital Requirement.
  • Meeting Public Issue Expenses.


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 9.53 9.94 10.25 13.42 12.08
Net Profit (-0.70) 1.12 0.22 0.30 1.17


Valuation of Peer Group Companies:


IPO Details:

Details Info
Issue Opens on 12th March 2019
Issue Closes on:. 18th March 2019
Issue Price Rs.34
Face Value Rs.10
Minimum Lot 4000
Minimum Investment Rs.1,36,000
Issue Constitutes 30.03%
Issue Size Rs.7.20 cr
Market Cap Rs.24 cr
Listing at BSE SME
Equity Shares Offered 21,20,000
Equity Shares Prior to the Issue 49,40,094
Equity Shares after the Issue 70,60,094

Also Read:  Complete List of Upcoming SME IPOs in 2019.


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)



Company Contact Info:
Aartech Solonics Ltd
E-2/57, Ashirvad Arera Colony, Bhopal MP- 462016
Contact Person: Mr. K.R. Tanuj Reddy;
Tel No.: +91 – 73899 24734/0755-2463593
Email: compliance@aartechsolonics.com
Web: www.aartechsolonics.com


IPO Registrar Info:
SEBI Registration No: INR000001385
Address: 1st Floor, Bharat Tin Work Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059.
Tel: +91 – 22626 38200 Fax: +91 – 22626 38299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
SEBI Registration Number: INM000012102
Address: Flat No.18, 2nd Floor,
North Wing, Madhaveshwar Co-op- Hsg Society Ltd,
Madhav Nagar, 11/12, S. V. Road, Andheri W, Mumbai– 400058.
Tel No.: +91- 22-26254568-69;
Email Id: merchantbanking@swastika.co.in
Website: www.swastika.co.in