Aimtron Electronics (AIM) IPO Price Band Set at ₹153-161: Key Issue Details and Investment Insights

<ul>
  <li>The Aimtron Electronics IPO is set to open for subscription on Thursday, May 30, 2024, and will close on Monday, June 3, 2024.</li>
  <li>The IPO price band has been set at ₹153-161 per share.</li>
  <li>Aimtron Electronics aims to raise ₹87.02 crore through the issue of 54.05 lakh shares.</li>
</ul>
<p><strong>Discover the key details and insights about the Aimtron Electronics IPO, including its objectives, company background, and market outlook.</strong></p>
<h2><strong>Issue Size</strong></h2>
<p>Aimtron Electronics Initial Public Offering (IPO) is a fresh issue of 54.05 lakh shares. The company plans to raise ₹87.02 crore through this issue. Investors need to apply for a minimum of 800 shares, translating to an investment of ₹128,800 at the upper price band. For High Net-worth Individuals (HNIs), the minimum lot size is 1,600 shares, requiring an investment of ₹257,600.</p>
<h3><strong>Objectives of the Aimtron Electronics IPO</strong></h3>
<p>The proceeds from the Aimtron Electronics IPO will be utilized for several key purposes:
  <ul>
    <li>Repayment of existing debt.</li>
    <li>Financing capital expenditures for new equipment and plants.</li>
    <li>Meeting working capital requirements.</li>
    <li>General corporate purposes.</li>
  </ul>
</p>
<h3><strong>About the Company</strong></h3>
<p>Aimtron Electronics, established in April 2011, specializes in high-end precision engineering goods. The company offers products and solutions for electronics system design and manufacturing (ESDM) services. Aimtron Electronics serves both domestic and international markets, including India, the USA, Hong Kong, the UK, Spain, and Mexico. Their offerings include printed circuit board assembly (PCBA) and box build assemblies, which are also used in electric vehicle battery management systems.</p>
<h3><strong>Grey Market Premium (GMP)</strong></h3>
<p>According to investorgain.com data, the Aimtron Electronics IPO Grey Market Premium (GMP) is currently ₹50 per share. This indicates that the equity shares are trading at ₹211 per share in the grey market, a 31.06% premium over the issue price.</p>
<h3><strong>Conclusion</strong></h3>
<p>The Aimtron Electronics IPO presents a significant opportunity for investors, with a well-defined use of proceeds aimed at strengthening the company's financial position and expanding its operational capabilities. With a strong presence in both domestic and international markets, Aimtron Electronics is poised for growth. Investors should consider the company's objectives and market position when making their investment decisions.</p>