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.
Also read Rs 85,000 Crore Order Book: This PSU Railway Infra Company bagged Order Worth Rs 495 Crore from NTPC; Secured Back-to-Back 3 orders worth Rs 954 Crore in just 1 week!
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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Back-to-back upper circuit stock: Vijay Kedia-backed multibagger stock delivers unbelievable returns, over 500 per cent in just one month!
-
Promoter bought 4,21,102 shares: Heavy volume, hit 52-week high today; This debt-free sugar stock rallied over 5 per cent today!
-
6:47 Rights Issue Announcement: This Realty Company Declares Rights Issue Worth Rs 2000 Crore; Stock Gains Over 280 per cent in Just 1 Year
-
Promoter Bought 2,09,419 Shares: This Small-Cap Stock Rallied and Hit Upper Circuit Today, Gains Over 60 per cent in Just 13 Days!
-
Under Rs 100: 1:1 Bonus Issue; Multibagger NBFC Stock Hits Upper Circuit; Promoter Bought 11,25,000 Shares in June 2024
-
Under Rs 150: Marine and Defence Company Secures Contract Worth Rs 20,82,00,000 for LT and HT Panels; Stock Hits Upper Circuit Today!
-
PSU Railway Infrastructure Company Signs MoU with Eastern Railway's Andal Diesel Shed for Repair and Maintenance of Diesel-Electric Locomotives; FIIs Increased Stake!
-
14,644 per cent Multibagger Stock Under Rs 40: Back-to-Back Upper Circuit, Keep This Agro Product Company on Watchlist for Tomorrow
-
1:5 Stock Split: Multibagger Financial Service Provider Announces Record Date for Subdivision of Shares!
-
Vijay Kedia Portfolio’s Tata Group Multibagger Stock Hits 52-Week High with Heavy Volumes - Must-Watch
-
Price and Volume Breakout: These 3 Stocks from Ashish Kacholia’s Portfolio to Watch Today
-
Ashish Kacholia’s Bengal Finance and Investment Portfolio Company Stock Rallied with Heavy Volume and Hits Upper Circuit; Gains Rs 3,11,38,800 in just 1 day!
-
Board Likely to Announce Bonus Issue on June 14, 2024; Heavy Buying, This Hotel Stock Rallied Over 6 per cent; Must Watch!
-
Promoter Bought Shares Worth Rs 1,44,65,166 of this Financial & Investment Company; Earlier this same Promoter Purchased shares of Rs 3.51 Crore in May 2024
-
Back-to-Back Upper Circuit Stock: Promoter Bought 1,32,951 Shares Worth Rs 50,57,000 of This Turnaround Micro-Cap Infra Company, Posted Profit After 6 Years of Losses
-
Rs 85,000 Crore Order Book: This PSU Railway Infra Company bagged Order Worth Rs 495 Crore from NTPC; Secured Back-to-Back 3 orders worth Rs 954 Crore in just 1 week!
-
Promoter Bought Shares Worth Rs 80,00,000 of This Turnaround Micro-Cap Company: Posted Profit After 2 Years of Losses; Must-Watch!
-
Rs 5,690 Crore Order Book: This PSU Civil Construction Company bagged Order Worth Rs 39,63,00,000 from Tata Steel!
-
Small-Cap Renewable Engineering Company Bags multiple orders worth Rs 351 Crore Order for Solar Projects; Stock gains over 300 per cent!
-
Radhakishan Damani Bought 43,06,487 Shares of Multibagger Agrochemical Company: Heavy Buying, Hit 52-Week High Today!