Aimtron Electronics, a new entrant in the stock market, is set to open its Initial Public Offering (IPO) this week. Here are the key details investors need to know:
Retail and Institutional Allocation
Retail investors will receive a minimum of 35 percent of the IPO, with a maximum of 50 percent reserved for qualified institutional buyers.
IPO Price Band
The IPO of Aimtron Electronics is scheduled to open for retail investors on May 30 and will close on June 3. The price range for each share is between Rs 153 to Rs 161.
To participate in the IPO, retail investors must invest a minimum of Rs 1,28,800, considering a lot size of 800 shares. The company will allot shares on June 4, with possible listing on June 6.
Grey Market Premium (GMP) Update
Investors are eyeing Aimtron Electronics’ performance in the grey market with anticipation. As of today, the company’s shares are trading at a premium of Rs 50.
If this trend persists until listing, investors could potentially gain a profit of 31% on the first day. Notably, the current GMP is the highest recorded for the company.
Investors Gain reported on May 26 that the company’s shares were at a premium of Rs 49, indicating a Rs 10 increase in GMP since then.
Retail investors are expected to receive a minimum allocation of 35% of the IPO, with up to 50% reserved for qualified institutional buyers.
Recent Trends
As of May 26, the company’s shares commanded a premium of Rs 49, marking a Rs 10 increase in GMP since then.
About Aimtron Electronics
Aimtron Electronics specializes in manufacturing products for Electronics Systems Design and Manufacturing Limited (ESDM). While its primary market is India, the company also distributes its products in the USA, Hong Kong, UK, Spain, and Mexico.
