Back-to-Back Upper Circuit: Ashish Kacholia Bought 8,00,000 Shares, Company Announces First Quarterly Results Post Listing - Complete Details Inside

The company’s shares have delivered a multibagger return of around 168 per cent compared to its final IPO issue price.

Ashish Kacholia-backed Aimtron Electricals Limited has garnered significant investor attention following the ace investor's purchase of a substantial stake in the company. On Saturday, the company announced its first Quarterly Results post-listing in the Indian Stock Market.

Looking at the financial statements based on quarterly results, the company's revenue surged by 16 per cent from Rs 43.06 crore to Rs 49.91 crore. The company reported a net profit of Rs 6.57 crore for the quarter, compared to Rs 7.10 crore. Turning attention to the annual results, the company's revenue surged by 10.38 per cent from Rs 84.23 crore to Rs 92.97 crore. It reported a net profit of Rs 13.60 crore compared to Rs 12 crore.

This month, Ashish Kacholia acquired a 27.5 per cent stake, equivalent to 8 lakh equity shares, at Rs 241 per share. As a result, investors are actively seeking to buy shares in the company, viewing it as a favorable investment opportunity. The stock has been continuously hitting upper circuits, causing disappointment among buyers who have been unable to purchase shares due to sellers are not ready to sell their shares in the market.

On Friday, Aimtron Electricals Limited shares closed the day at Rs 431.40 representing a rally of 10 per cent and hit the upper circuit today. Compared to the final IPO price the stock has delivered a multibagger return of around 168 per cent return. The current market capitalization stands at Rs 880.65 crore.

Incorporated in April 2011, Aimtron Electricals Limited specializes in electronics system design and manufacturing ("ESDM") services, emphasizing high-value precision engineering products. The company provides PCB design, assembly, and comprehensive electronic system manufacturing for domestic and international clients, including manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico.

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