Aimtron Electronics IPO price band set at ₹153-161: check issue size, key dates, more

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₹153-161 a share. The Aimtron Electronics IPO will become available for subscription to investors om Thursday , 30 May, 2024 and will close on Monday 3 June 2024.Aimtron Electronics Initial public offering (IPO) is a fresh issue of 54.05 lakh shares and Aimtron Electronics plans to raise ₹87.02 crore through the issue.

Also Read- Vilas Transcore IPO oversubscribed by 9.85 times on day 1 so far; Check latest subscription, GMPThe investors need to apply for a minimum of 800 shares. This means that looking at the issue price Band of ₹153-161 a share, the retail investor need to invest ₹128,800 for lot size of 800 shares (multiples thereafter.

The minimum lot size investment for HNI on the other hand its 1,600 shares or 2 lots which means a investment of ₹ ₹257,600.Not less than 35% share have been reserved for the retail inventors in the IPO.The proceeds from the Aimtron Electronics are to be utilised by the Aimtronics Electronics Ltd for repayment of some part or complete of the existing debt, For financing capital expenditures for the installation of new equipment and plants. For financing to satisfy the working capital requirement and also for the General Corporate PurposeAimtron Electronics was established in April 2011 and specializes in high-end precision engineering goods.