About Company
The company manufactures, exports, supplies discharge, and collects electrodes and Electrostatic Precipitator (ESP) internal parts and spares.
Auto Impex & Chemicals, an ISO 9001:2015 certified company, specializes in manufacturing collecting electrodes, discharge electrode plate steel structures, and electrostatic precipitator (EP) components. The company manufactures a filtration device that matches American and European standards to remove fine dust particles from flowing gas.
Thermax, Larsen & Toubro, KC Cottrell India Private Ltd., Isgec Heavy Engineering, Hariaksh Industries Private Ltd., etc., are some of the renowned OEM clients of Auto Impex & Chemicals.
Currently, the single manufacturing facility of Auro Impex & Chemicals is located in the Hooghly district of West Bengal.
Auro Impex & Chemicals Limited IPO Details
Auto Impex & Chemical IPO worth Rs. 27.07 crores will open on May 11, 2023. The offer combines fresh issues (29.2 lacks) and an offer for sale of 5.50 lakh from the selling promoter shareholder.
| Bidding Dates 11 May ’23 – 15 May ’23 | Price Range ₹74 – ₹78 |
| Minimum Investment ₹124,800 / 1 Lots (1600 Shares) | Maximum Investment ₹124,800 / 1 Lots (1600 Shares) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Non-Institutional Investors | Issue Size ₹27.07 crore |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date May 11, 2023 | IPO Closing Date May 15, 2023 |
| Basis of Allotment May 18, 2023 | Initiation of Refunds May 19, 2023 |
| Credit of Shares to Demat Account May 22, 2023 | IPO Listing Date May 23, 2023 |
Auro Impex & Chemicals Limited IPO Objective:
- To meet working capital requirements
- General corporate purpose
- To meet issue expenses
Should you invest in Auro Impex & Chemicals Limited?
Here are a few significant reasons to consider before investing in the IPO:
- It has a manufacturing unit built according to international standards and equipped with modern machines.
- The company sells its products through renowned OEMs and service providers and has developed long-running relationships with them.
- With rising awareness and government initiatives to reduce air pollution, the global electrostatic precipitator market is expected to grow at a 4% CAGR from 2022-2030.
Noteworthy Highlights of Auro Impex & Chemicals Limited
- The company’s revenue from operations and profit have grown steadily in the last three fiscal years.
- The manufacturing facility had a total installed capacity of 17,500 MT as of FY23.
IPO Financials
| Particulars | Year ending on March 31, 2023 (Rs. lakh) | Year ending on March 31, 2022 (Rs. lakh) | Year ending on March 31, 2021 (Rs. lakh) |
|---|---|---|---|
| Revenue from Operations | 18,138.27 | 11,007.79 | 7,350.76 |
| Profit After Tax (PAT) | 557.11 | 204.59 | 90.54 |
| PAT Margin | 3.07% | 1.86% | 1.23% |
| EBITDA | 1,062.39 | 517.26 | 286.61 |
| EBITDA Margin | 5.86% | 4.70% | 3.90% |
| ROE | 4.49% | 29.43% | 18.46% |
Know before investing
Strengths
- The company has built long-standing relationships with its customers engaged in thermal power projects, development & construction projects, etc.
- Experienced promoters and a management team manage it.
- The company has many decades of experience in the same business line.
Risks
- Investors must note that after two years of average performance, there was a sudden hike in the company’s profit in the last fiscal year. It might raise questions regarding sustainability going forward.
- It depends on a few customers; losing a customer will impact the company’s future profitability.
- Investors should move with caution as the offer lacks transparency.
Please Click Here To Apply For Auro Impex & Chemicals IPO
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