Ashish Kacholia Bought 27.5 per cent stake in this Electronics System Manufacturer for Defence Industry: Heavy Buying, Hits Upper Circuit Today!

The shares of the company have delivered a return of around 65 per cent to its shareholders.

Ashish Kacholia, a renowned stock market investor known as the ‘Big Whale of Dalal Street’, purchased equity shares of one newly listed Small-Cap company on Thursday, according to a stock exchange filing.

Incorporated in April 2011, Aimtron Electricals Limited provides products and solutions for electronics system design and manufacturing ("ESDM") services, with a focus on high-value precision engineering products.

On June 6, 2024, Ashish Kacholia purchased 8 lakh equity shares of Aimtron Electricals Limited at Rs 241 per share.

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At the start of the day's trading session, the stock opened at Rs 265.70 per share, compared to the previous day's closing figure of Rs 253.05 per share on the NSE. Finally, it closed the day at Rs 265.70 representing a rally of 5 per cent, and hit the upper circuit today. Compared to the final IPO price the stock has delivered around 65 per cent return. The current market capitalization of Aimtron Electricals Limited stands at Rs 542.40 crore. 

Looking at the annual performance, the company generated revenue of Rs 71.58 crore in FY24, compared to Rs 26.32 crore in FY23, representing a growth of 172 percent. The operating profit for FY24 was Rs 16.57 crore compared to a loss of Rs 0.60 crore, while the operating profit margin stands at 23.15 percent. The company’s net profit stands at Rs 8.63 crore compared to a net loss of Rs 1.80 crore. The company has not yet announced its recent Quarterly Results after listing in the stock market.

Aimtron Electronics IPO's price band was set at Rs 153 to Rs 161 per share. The minimum lot size for an application is 800 shares, requiring a minimum investment of Rs 128,800 for retail investors. Hem Securities Limited was the book-running lead manager of the Aimtron Electronics IPO, while Link Intime India Private Ltd was the registrar for the issue. Hem Finlease serves as the market maker for Aimtron Electronics IPO.

The IPO was subscribed 99.24 times. The public issue was subscribed 71.62 times in the retail category, 69.93 times in the QIB category, and 202.74 times in the NII category.

Investors must keep this small-cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.