Aartech Solonics Limited IPO – Upcoming IPO Issue in February 2019
Aartech Solonics Limited IPO: Aartech Solonics Limited, a Bhopal, M.P. based company engaged in the R&D and manufacturing of selected energy appliances, is issuing the IPO (Initial public offering) from 12th March 2019 to 18th March 2019. Earlier this offer was scheduled in February 2019 but then it was postponed
Aartech Solonics Limited IPO – Issue Details
|Issue Type||Fixed Price IPO Issue|
|Issue Open||12th March 2019|
|Issue Closes||18th March 2019|
|Face Value||Rs 10 per Equity Share|
|Issue Price||Rs 34 per Equity Share|
|Issue Size||2,120,000 equity shares of Rs 7.21 Crores|
|Minimum Order||4000 Shares|
(Read: IPO process in India Steps)
Aartech Solonics Limited IPO – Objects of the Issue
According to the Aartech Solonics Limited, following are the objects of the IPO issue:-
- To invest in the subsidiary company named M/S AIC Aartech Solonics Private Limited,
- To invest in the subsidiary company named M/S Faradigm Ultracapacitors Private Limited,
- For general corporate purpose including R&D expenses,
- To meet the working capital requirements, and
- To meet the expenses during this issue.
About Aartech Solonics Private Limited
Aartech Solonics Private Limited was incorporated in the year 1982. This company is engaged in the business of manufacturing and R&D of selected energy appliances. It has expertise in the manufacturing of electricity distribution and control equipment such as switches, fuses, voltage limiters, surge suppressors, junction boxes etc.
Notable R&D Activities by the Company
The company has developed the following products through its R&D activities:-
- On-Board Engine Starting System using ultracapacitors.
- Battery Back-Up System for sensitive electronics using ultracapacitors.
- Pitch control module for Wind Turbines using ultracapacitors.
- Fast Bus Transfer System for L.T. applications.
Popular Products of the company
The company is specialized in the manufacturing of the following products:-
- BTS 200 Fast Bus Transfer System: It is an advanced microprocessor based bus transfer system for power generation utilities and continuous process industries.
- Faradigm Ultracapacitors: It a variant of ultracapacitors which is used in power quality applications.
- Control Relay Panels: They are multi-circuit or single circuit relay panels which are applied as indoor control, indication, relay and metering panels for control.
- Load Checker: These are used to block the main power supply to the load in case of the excess load.
- Best Case: This is a choice-based customized product and like a plastic tool box or equipment case.
- GSUN Innovation: It is the reuse and reoperation of e-waste such as non-working LCD-LED display panels, emergency lights, nameplates, number plates etc. in various applications.
The company provides solutions/services for the following products:-
- Clip current limiting protector
- Pure wave UPS
- Pure Wave Dstatcom
- Wedge Tightness Detector
Promoters: The promoters of the company are Mr Anil Anant Raje and Mrs Chhaya Raje
Registered Address: E-2/57, Ashirvad Arera Colony, Bhopal, Madhya Pradesh- 462016.
Aartech Solonics Limited IPO – Lead Manager to the Issue
Swastika Investment Limited
Address: Flat No.18, 2nd Floor, North Wing, Madhaveshwar Co-op- Hsg Society Ltd, Madhav Nagar, 11/12, S. V. Road, Andheri West Mumbai– 400058.
Telephone: +91- 22-26254568-69.
Aartech Solonics Limited IPO – Registrar to the Issue
Please go through this draft prospectus for more detailed information.
Aartech Solonics Limited IPO – Issue Prospectus
Click here to see the final prospectus of the Aartch Solonics IPO issue.
Aartech Solonics Limited IPO – Live Issue
Click here to see the live issue of Aartch Solonics IPO.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Aartech Solonics IPO #investments #Upcoming IPO Issue