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22 May 2019

IPO Synopsis

Aartech Solonics Ltd
Registered Office: E-2/57 Ashirvad Area Colony, , Bhopal - 462016 , Madhya Pradesh , India.
Phone : 91-755-2463593   Fax:
Email :  compliance@aartechsolonics.com  
Website :  www.aartechsolonics.com
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 for Subscription 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 "net Issue". 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.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Mar-19 18-Mar-19 (Rs)34.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 7.21
Swastika Investmart Ltd
Project Financed through Current Offer 7.21  
Post Issue Equity Share Capital 7.06  
Issue Price (Rs)34.00  
 
Projects
Proceeds from Initial Public Offer
Promoted By
Anil Anant Raje  
Chhaya Raje  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS