SME IPO Closes Today: Aimtron Electronics Ltd.

Aimtron Electronics Limited is engaged in the business of providing products and solutions towards ESDM services with a focus on high value precision engineering products, has fixed the price band of Rs 153/- to Rs 161/- per Equity Share of face value Rs 10/- each for its maiden initial public offer. Issue will open on May 30, for subscription and close on June 3, 2024.The public issue is entirely a fresh issue of 5.40 million equity shares with no offer-for-sale component. The Company, in consultation with the BRLM, has allotted a pre-IPO placement of 4,64,000 equity shares by way of a private placement at an issue price of Rs148 per equity share (including a premium of Rs 138 per equity share) for an aggregate consideration of Rs 6.87 crore. Accordingly, the issue size has been reduced.

Aimtron Electronics started in 2011 as a pure play PCB designer and assembler and over the years it has become one stop electronics system design and manufacturing solution provider. The Company provides product and solutions right from printed circuit board design and assembly to the manufacturing of complete electronic systems, to certain domestic and global manufacturers located in India, United States of America, Hongkong, United Kingdom, Spain, Mexico. It offers tailored solutions for customers’ needs, encompassing automated micro-electronics assembly and precision component integration. Its solutions involve its client providing the design for the product for which it provides manufacturing services or in some cases require the company to design the relevant product based on the specifications provided by the client including manufacturing of the product.

Its solutions primarily comprise of printed circuit board assembly any box build assemblies in addition to finding its application in battery management systems used in electrical vehicles and design solutions offering end to end services right from conceptualizing the design, engineering, product prototype development, manufacturing of turnkey requirements for the customers. Through its end-to-end capabilities, it believes its customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.