Aartech Solonics is incorporated 1982 based in Gwalior, Madhya Pradesh. The company is a system solution oriented R&D enterprise company. They are specialized in manufacturing of electricity distribution and control apparatus for switching or protecting electrical circuits. Their products and services includes BTS 2000, Kranking Ultra Capacitors, Control Rely Panels and Load Checkers. They have client base in industries like Defence, Railways, Heavy Earth Moving Equipments, Oil, Gas, Power Generation, Etc. Aartech Solonics ipo is starting from 12-March and ends on 18-March. The price band is around Rs.34 with 4000 market lot. The ipo size is around 7.21 crore rupees.

IPO Review:
  • Avoid
Aartech Solonics IPO Dates & Price Band:
  • IPO Open: 12-March-2019
  • IPO Close: 18-March-2019
  • IPO Size: Approx Rs 7.21 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.34 Per Equity Share
  • Listing on: BSE SME
  • Shares: 2,120,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 4,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,36,000
IPO Allotment & Listing:
  • Basis of Allotment: 22-March-2019
  • Refunds: 25-March-2019
  • Credit to demat accounts: 25-March-2019
  • Listing: 28-March-2019
Financial Results:
  Rs. in Crore
Revenue Expense PAT
2014 9.54 10.22 -0.70
2015 9.94 8.52 1.13
2016 10.26 10.00 0.23
2017 13.42 13.10 0.30
2018 12.08 10.71 1.18

Aartech Solonics IPO Important Links:

Aartech Solonics IPO Allotment Status:
Company Promoters:
  • Mr Anil Anant Raje
  • Mrs Chhaya Raje
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

IPO Lead Managers:
  • Swastika Investment Limited
Company Address:
Aartech Solonics Limited
Ashirvad Arera Colony
Bhopal MP- 462016
Phone: +91 755 2463593
Email: compliance@aartechsolonics.com
Website: www.aartechsolonics.com

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