Aimtron Electronics Limited company is a leading provider of electronic system design and manufacturing (ESDM) services, specialising in high-value precision engineering products.
Established in 2011, it has expanded its expertise from initial offerings in printed circuit board (PCB) design and assembly to a comprehensive range of ESDM services. These services include PCB assembly, box build assemblies, and complete design solutions from conceptualisation to manufacturing.
The firm's solutions are tailored to meet the specific needs of its clients. It provides manufacturing services based on client specifications. This holistic approach has made the company a one-stop-shop in the ESDM sector, allowing it to offer a variety of standalone or integrated services that facilitate reduced manufacturing costs, improved supply chain management, and minimised inventory obsolescence for its customers.
The company operates out of two manufacturing facilities in Vadodara, Gujarat, and Bengaluru, Karnataka. Its production sites are equipped with state-of-the-art technology.
The company serves a diverse array of industries such as industrial automation, medical and healthcare equipment, automotive, power generation, gaming, and drone technology. Each sector benefits from the company's ability to provide advanced monitoring and control systems that enhance the functionality and efficiency of various machine operations.
The company aims to achieve continual improvement through technology investments, such as its proprietary Intranet software, "Aimnet," which optimises machinery utilisation and production efficiency.
Industry Outlook:
- The global electronics market is expected to reach $1145 billion by 2026, growing at a CAGR of 5.4%. This upward trend presents significant opportunities for the company to expand its manufacturing capabilities and increase market share, especially in high-growth sectors like consumer electronics and electric vehicles.
- India's Production-Linked Incentive (PLI) scheme, with an allocation of ₹40,951 crore, encourages domestic manufacturing and exports. This initiative can help the company secure additional benefits and support for scaling operations, potentially leading to enhanced profitability and a stronger position in both domestic and global markets.
Aimtron Electronics Limited IPO Details
Aimtron Electronics Limited IPO Dates
Aimtron Electronics Limited IPO is open from May 30, 2024, to June 3, 2024. The IPO will be listed on NSE Emerge.
Aimtron Electronics Limited IPO Price Band
Aimtron Electronics Limited is a book-built issue IPO. The price band is set to ₹153 to ₹161 per share.
Aimtron Electronics Limited IPO Lot Size
The lot size for Aimtron Electronics Limited Limited’s IPO is 800 shares, with a minimum investment of ₹1,28,800.
Aimtron Electronics Limited IPO Objectives
The company plans to utilise the funds which are being raised towards funding the following objectives:
- Repayment, in full or in part, of certain of the outstanding borrowings.
- Funding capital expenditure towards the installation of additional plant and machinery.
- Funding to meet working capital requirements.
- General corporate purposes such as:
- Funding growth opportunities, including strategic initiatives;
- Meeting any expenses incurred in the ordinary course of business by the company;
- Servicing of borrowings, including payment of interest;
- Brand building and other marketing expenses;
- Meeting of exigencies which the company may face in the course of any business.
Peer Details
The listed companies considered by Aimtron Electronics Limited as its peers include:
- Kaynes Technology India Limited
- Vinyas Innovative Technologies Limited
- Avalon Technologies Limited
- Syrma SGS Technology Limited
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- Registered office: Plot No 1/A, G.I.D.C.Estate, Vadodara, Waghodia, Gujarat, India, 391760
- Phone: +91-9687632057
- E-mail:cs@aimtron.com
The company features a diversified product line across various sectors like industrial, healthcare, and automotive, which mitigates industry-specific risks and stabilises revenue streams.
Advanced manufacturing capabilities include 4 SMT lines and 37 THT lines, allowing for precision engineering and mass production of complex electronics assemblies.
The strategic location of manufacturing facilities in Vadodara and Bengaluru enhances the company's logistical advantages and market reach within key industrial regions of India.
Strong industry presence since 2011, coupled with quality certifications like ISO 13485:2016 and ISO 14001:2015, underpins its reputation for reliability and quality in electronic manufacturing services.
High customer concentration risks the company's stability, with the top 10 customers accounting for over 92.46% of revenues as of September 2023, making it vulnerable to shifts in client sourcing strategies.
Intense competition in the Electronics System Design & Manufacturing industry from both domestic and international companies could lead to pricing pressures, reducing the company's market share and profitability.
Significant reliance on Printed Circuit Board Assembly (PCBA) sales, which comprised up to 88.01% of revenue in 2023, exposes the company to risks from product obsolescence and market demand fluctuations.
The company's history of non-compliance with corporate and FEMA regulations could lead to future penalties, affecting its financial condition and reputation.
Contact Details of Aimtron Electronics Limited IPO
IPO Financials
| Particulars | 6 Month Period ending on September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 4,306.77 | 7,158.36 | 2,631.92 |
| Profit After Tax (PAT) (in ₹ lakh) | 710.37 | 863.19 | (180.15) |
| Cash & Cash Equivalents (in ₹ lakh) | 118.30 | 64.96 | 86.79 |
| Net Worth (in ₹ lakh) | 3,833.64 | 3,123.26 | 2,038.96 |
| Debt to Equity Ratio (x) | 0.50 | 0.65 | 0.42 |
| Return on Equity Ratio | 20.42 | 33.44 | (8.61) |
| Return on Capital Employed (RoCE) (%) | 17.68 | 25.33 | (5.55) |
| Diluted Earning Per Share (EPS)-in absolute ₹ | 4.88 | 10.67 | (3.38) |
