Aimtron Electronics stock lists at 50% premium on NSE SME platform

Aimtron Electronics debuted on the NSE SME platform with a 49.7% premium through a successful IPO. The company provides tailored solutions for electronic system design and manufacturing services globally.

The of listed on the on Thursday with a of 49.7%. The debuted at Rs 241 as against an issue price of Rs 161 apiece.

Ahead of the , the company's shares traded with a premium of Rs 30 in the unlisted market.

The , which was a completely fresh equity sale of 54.04 lakh shares, received a healthy response from investors with an overall subscription of 99 times at close.

The net proceeds from the public offer will be for repayment of debt, funding capital expenditure, working capital requirements and other general corporate purposes.

The company is engaged in the business of providing products and towards system design and services with a focus on high-value precision engineering products.

It provides products and solutions right from printed circuit board design and assembly to the manufacturing of complete electronic systems, to certain domestic and global manufacturers located in India, US, Hongkong, UK, Spain, Mexico.

Aimtron Electronics offers tailored solutions for customers’ needs, encompassing automated micro-electronics assembly and precision component integration.

The solutions involve the client providing the design for the product for which it provides manufacturing services or in some cases require us to design the relevant product based on the specifications provided by the client including manufacturing of the product.

The company's solutions primarily comprises printed circuit board assembly, any box build assemblies in addition to finding its application in battery management systems used in electrical vehicles, design solutions offering end to end services right from conceptualizing the design, engineering, product prototype development, manufacturing of turnkey requirements for our customers.

Through the end-to-end capabilities, the company believes its customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.

is acting as the lead manager to the issue and is the registrar.
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Source: Stocks-Markets-Economic Times

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