Auro Impex & Chemicals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 15, 2023Let’s have a detailed review of the company and analytics of the Auro Impex & Chemicals IPO release date, IPO offer price, subscription, Auro Impex & Chemicals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 74 to Rs 78 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | May 23, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,707 Lakh |
| Tick Size | 1 |
Auro Impex & Chemicals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Auro Impex & Chemicals Share Price |
Auro Impex & Chemicals IPO – Summary
Their Company was originally incorporated as “Auro Impex & Chemicals Private Limited” on January 20, 1994, in Kolkata, West Bengal as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal.
Subsequently, the Company was converted into a Public Limited Company pursuant to a special resolution passed by the shareholders of their Company in their meeting held on September 23, 2022, and the name of their Company was changed to “Auro Impex & Chemicals Limited”.
The Promoter of this company is MR. MADHUSUDAN GOENKA & MR.PRAVEEN KUMAR GOENKA. The lead manager of the issue is Affinity Global Capital Market Private Limited, and the Registrar of this issue is Cameo Corporate Services Limited.
Auro Impex & Chemicals IPO Date
The opening and closing dates of Auro Impex & Chemicals IPO are May 11, 2023, and May 15, 2023, respectively.
Auro Impex & Chemicals IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 11th May | 1.92x | 2.34x | 2.71x | 2.50x |
| 2nd Day – 12th May | 11.46x | 8.45x | 10.20x | 9.73x |
| 3rd Day – 15th May | 31.67x | 104.05x | 50.72x | 66.94x |
| Shares Offered or Net Issue | 347,040 | 1,179,242 | 1,944,118 | 3,470,400 |
The shares subscribed by the public will be updated here.
Auro Impex & Chemicals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Auro Impex & Chemicals Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 18, 2023 |
| Refunds Initiation | May 19, 2023 |
| Credit of Shares to Demat Account | May 22, 2023 |
| Share Listing Date | May 23, 2023 |
Auro Impex & Chemicals IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 74 to Rs 78
Auro Impex & Chemicals IPO Equity Size
This Initial Public Issue of 3,470,400 Equity Shares of Rs.10 each for cash at a price of Rs 74 to Rs 78 per equity share aggregating to Rs.2,707 Lakh.
Auro Impex & Chemicals IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,470,400 Equity Shares of Rs.10/ each.
Issue Size: 3,470,400 Equity Shares of Rs.10 each, aggregating to Rs.2,707 Lakh
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Auro Impex & Chemicals IPO – Live Performance
The listing date of this IPO is May 23, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Auro Impex & Chemicals Share Price |
Auro Impex & Chemicals IPO Grey Market Premium
The Auro Impex & Chemicals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Auro Impex & Chemicals IPO – Company Overview
Their Company is specifically engaged in manufacturing (i) Collecting Electrodes of all profiles, (ii) Discharge Electrodes, (iii) Electromagnetic rapper, (iv) Tank Fabrication and Duct Fabrication, and (v) other ESP Internal spare parts, for some Original Equipment manufacturers (OEMs) and service providers ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by OEMs and service providers.
They have created a long-running relationship with their clients and have been able to expand their presence in India over the years by manufacturing quality items according to their specifications.
Their Company has been selling their products through renowned OEMs and Service Providers such as – Thermax Limited, Larsen & Toubro Limited, KC Cottrell India Private Limited, Isgec Heavy Engineering Limited, Hariaksh Industries Private Limited, Par Techno-Heat Pvt Ltd, Filter Flow Engineering Private Limited, Imeco Overseas Private Limited and other Brand owners.
Auro Impex & Chemicals IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | 31-Mar-22 | Mar-21 | |
| Total Assets | 8,228.09 | 6,219.56 | 3,360.59 |
| *Total Revenue | 18,169.41 | 11,078.24 | 7,372.70 |
| Total Expense | 17,398.38 | 10,800.63 | 7,278.78 |
| Profit After Tax | 557.11 | 204.59 | 90.54 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | 31-Mar-22 | Mar-21 | |
| Basic & Diluted | 6.00 | 2.20 | 0.98 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 557.11 Lakh, Rs. 204.59 Lakh, and Rs. 90.54 Lakh respectively.
Auro Impex & Chemicals IPO – Promoters
The Promoter of this company is:
- MR. MADHUSUDAN GOENKA
- MR.PRAVEEN KUMAR GOENKA
List of Related Parties (Key Managerial Personnel)
- Madhusudan Goenka, Managing Director
- Praveen Kumar Goenka, Whole-time Director (Executive Director)
- Vanshika Goenka, Non-Executive Director
- Sankar Thakur, Independent Director
Auro Impex & Chemicals IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Auro Impex & Chemicals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 92,80,800 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Auro Impex & Chemicals IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements
2. General Corporate Purpose and
3. To meet the issue of expenses
Auro Impex & Chemicals IPO – Business Strategy
- Building their relationship with industry-leading OEMs and Service Providers.
- Continue to focus on improvising the manufacturing process and capabilities
- Invest in infrastructure and technology
- To build up a professional organization
- Improving functional efficiency and Optimal Utilization of Resources
Auro Impex & Chemicals IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established presence with more than two decades of experience in the trading, distribution and manufacturing of Air Pollution Control Equipment;
- Diversified Business with a product portfolio and consistent focus on quality;
- Established distribution network and long-term stable relationship with their customers;
- Integrated Manufacturing Facility to deliver quality products; and
- Experienced promoter and strong senior management team with extensive knowledge of the sector.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 6.00 | 19.92% | 12.45 |
| 31-Mar-21 | 2.20 | – | – |
| Mar-20 | 0.98 | – | – |
Auro Impex & Chemicals IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakh) | |
| Auro Impex & Chemicals Limited | 10 | [●] | 6.00 | 19.92% | 18,169.41 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Auro Impex & Chemicals IPO Lead Managers
| Lead Managers |
| Affinity Global Capital Market Private Limited 20B, Abdul Hamid Street, East India House,1 st Floor, Room No. 1G, Kolkata – 700069, West Bengal, India Telephone: +91 33 4004 7188 Email: auroimpex@affinityglobal.in Investor Grievance ID: investor@affinityglobalcap.in Website: www.affinityglobalcap.in Contact Person: Ayushi Hansaria SEBI Registration Number: INM000012838 |
Auro Impex & Chemicals IPO Registrar to offer
| Registrar to the Offer |
| Cameo Corporate Services Limited Subramanian Building” 1 Club HouseRoad, Chennai- 600 002 Tel: +91 40 6716 2222 E-mail: priya@cameoindia.com Investor Grievance e-mail: investor@cameoindia.com Website: www.cameoindia.com Contact Person: K. Sreepriya SEBI Registration No.: INR000003753 |
Auro Impex & Chemicals IPO – Other Details
- Statutory Auditor – g M/s Rajesh Jalan & Associates, Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI, LAW FIRM
- Bankers to the Company – Indian Bank
Auro Impex & Chemicals IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Auro Impex & Chemicals Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Auro Impex & Chemicals IPO Review FAQs
Check out various FAQs related to Auro Impex IPO:
What is the Issue Size of Auro Impex IPO?
The Company is making an initial public offer of 3,470,400 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Auro Impex IPO?
The price band for this particular IPO ranges between Rs 74 to Rs 78. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Auro Impex IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 11, 2023, while the closing date is set for May 15, 2023.
What is the Auro Impex IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 18, 2023, refund initiation is on May 19, 2023, credit of shares is on May 22, 2023, and share listing date is on May 23, 2023.
What is the Auro Impex IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 23, 2023. The date, when the listing would be done, is stagnant on May 23, 2023.
Who is the Registrar of Auro Impex IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Cameo Corporate Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Auro Impex IPO?
Here are the promoters of this IPO – MR. MADHUSUDAN GOENKA & MR.PRAVEEN KUMAR GOENKA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Auro Impex IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Auro Impex & Chemicals Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Auro Impex & Chemicals Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 557.11, 2022 is 204.59, and 2021 is 90.54.
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