Auro Impex & Chemicals Limited

Company Profile
Company Name Auro Impex & Chemicals Limited
Open Date 11-05-2023
Close Date 15-05-2023
Exchange NSE SME
Lot Size 1600 shares
Issue Price ₹ 78 per share
Issue Size 3,470,400 Equity Shares
Application Amount ₹ 1,24,800
Recommendation Avoid
Auro Impex & Chemicals Limited an ISO 9001:2015 certified Company commenced its operations in the year 1989 under their proprietorship concern Auro Enterprises in Kolkata, West Bengal that specializes in the manufacturing of Collecting Electrode, Discharge Electrode Plate steel structures and other internal components of an Electrostatic Precipitator (ESPs) - a filtration device used to remove smoke and fine dust particles from flowing gas used in various heavy industries such as Steel Plants, Sponge Iron industry, Cement Plants, Thermal Energy Plants and any other plant where the coal is burnt, as a measure to control Air Pollution. With growing demand to minimize air pollution together with the increased awareness amongst the public and the government initiatives to reduce air pollution, in the year 2011, Company had set up a Manufacturing facility for manufacturing of Electrostatic precipitator internals for both American and European designs in the state of West Bengal, spread across an area of 2.44 acres of land with all the requisite machines and equipment, with the goal of becoming one of the top producers of ESP Internals (Collecting Electrode, Discharge Electrode, Electro- magnetic rapper, Tank Fabrication and Duct Fabrication and ESP Internal spare parts etc).
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 3,360.58 6,219.56 8,228.09
Net Assets 490.49 1,155.04 1,754.96
Total Borrowings 1,677.24 3,679.97 4,875.92
Total Revenue 7,372.70 15,184.93 23,296.54
Profit After Tax 90.53 230.03 599.92

Tentative Timeline

Opening Date 11-05-2023
Closing Date 15-05-2023
Basis of Allotment 18-05-2023
Initiation of Refunds 19-05-2023
Credit of Shares to Demat 22-05-2023
Listing Date 23-05-2023

Objects of the Issue

To meet the working capital requirements.
General corporate purpose and to meet the issue expenses.

Contact Information

Registered Office Auro Impex & Chemicals Limited 32 K.L. Saigal Sarani, 740A, Block- P, New Alipore, Kolkata- 700053
Phone 91 8240927251

Registrar Details

Name Cameo Corporate Services Limited
Phone 91-44-28460390

IPO Reservation

Market Maker Shares Offered 1,74,400 (4.78%)
QIB Shares Offered 3,47,040 (9.52%)
NII (HNI) Shares Offered 11,79,242 (32.35%)
Retail Shares Offered 19,44,118 (53.34%)
Total Shares Offered 36,44,800 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 71.54%

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