Business Standard

Aartech Solonics Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.21 cr

Price Range (₹)

34

Lot Size

4000

Min Investment (₹)

1,36,000.00

Listing Exchange

BSE - SME

Open Date

12-Mar-2019

Close Date

18-Mar-2019

Listing Date

27-Mar-2019

Aartech Solonics Ltd News

    The Shares of Aartech Solonics Ltd have now been listed.

    Aartech Solonics Ltd IPO Details

    Public issue of 21,20,000 equity shares of face value of Rs. 10 each of Aartech Solonics Limited (Asl or the company or the issuer) for cash at a price of Rs. 34 per equity share including a share premium of Rs. 24 per equity share (the issue price) aggregating to Rs. 7.21 Crores (the issue), of which 1,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 34 per equity share including a share premium of Rs. 24 per equity share aggregating to Rs. 0.37 Crores will be reserved forSubscription by market maker to the issue (the market maker reservation portion). The issue less the market maker Reservation portion i.e. Net issue of 20,12,000 equity shares of face value of Rs. 10 each at a price of Rs. 34 per equity share including a share premium of Rs. 24 per equity share aggregating to Rs. 6.84 Crores is herein after referred to as the netIssue. The issue and the net issue will constitute 30.03% and 28.50% 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 is 3.4 times of the face value.

    Objective of issue

    Proceeds from Initial Public Offer.

    Aartech Solonics Ltd Contact Details

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

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@aartechsolonics.com

    Website - www.aartechsolonics.com