Business Standard

Aaron Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

4.78 cr

Price Range (₹)

38

Lot Size

3000

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

20-Aug-2018

Close Date

24-Aug-2018

Listing Date

03-Sept-2018

Aaron Industries Ltd News

    The Shares of Aaron Industries Ltd have now been listed.

    Aaron Industries Ltd IPO Details

    Initial public issue of upto 12,57,000 equity shares of face value of Rs.10.00 each (equity shares) of Aaron Industries Limited (the company or the issuer) for cash at a price of Rs.38.00 per equity share, including a share premium of Rs.28.00 per equity share (the issue price), aggregating Rs.4.78 Crores (the issue), of which 63,000 equity shares of face value of Rs.10.00 each for cash at a price of Rs.38.00 per equity share, aggregating Rs.0.24 Crores will be reserved for the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. Net issue to public will be 11,94,000 equity shares of face value of Rs.10.00 each for cash at a price of Rs.38.00 per equity share, aggregating Rs.4.54 Crores is hereinafter refered to as the net issue. The public issue and the net issue will constitute 26.28%and 24.96% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs.10 each and The issue price of Rs.38 is 3.8 times of the face value.

    Objective of issue

    To Set up a new Line of Business in Expansion Plan. To Meet Working Capital Requirements.

    Aaron Industries Ltd Contact Details

    Aaron Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info1@aaronindustriesltd.net

    Website - www.aaronindustries.net