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Aimtron Electronics Makes Strong Debut on NSE SME Platform

Updated: Jun 06, 2024 02:00:52pm

Aimtron Electronics Makes Strong Debut on NSE SME Platform

New Delhi, Jun 6 (KNN) Aimtron Electronics, a provider of electronics system design and manufacturing services, saw its shares soar on listing day.

The company's stock debuted at Rs 241 on the NSE SME platform Thursday, marking a premium of 49.7 per cent over its issue price of Rs 161.

The enthusiastic listing followed strong investor demand for Aimtron's initial public offering (IPO). The fresh equity sale of 54.04 lakh shares was oversubscribed 99 times at close.

Ahead of the listing, Aimtron shares were trading at a Rs 30 premium in the unlisted market.

Aimtron offers tailored electronics manufacturing solutions from printed circuit board assembly to complete system builds.

Its services span design, prototyping, and end-to-end production for customers in India, the US, Hong Kong, UK, Spain and Mexico. Key product areas include battery management systems for electric vehicles.

The IPO funds will support debt repayment, capital expenditure, working capital requirements and general corporate purposes for the fast-growing firm.

By providing integrated design and manufacturing capabilities, Aimtron aims to help customers reduce costs, streamline supply chains and minimise inventory obsolescence.

(KNN Bureau)


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