7 Days Back-to-Back Upper Circuit Ashish Kacholia Backed Defence Electronics Multibagger Stock Rallied 190 Per cent Post Listing!
Ashish Kacholia purchased 8 lakh equity shares or 27.5 per cent stake on the listing day.
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. On June 6, 2024, Ashish Kacholia purchased 8 lakh equity shares of Aimtron Electricals Limited at Rs 241 per share.
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.
At the start of Friday's trading session, the stock opened at Rs 680 per share, compared to the previous day's closing figure of Rs 663.25 per share on the NSE. Finally, it closed the day at Rs 696.40 representing a rally of 5 per cent, and hit the upper circuit. Compared to the final IPO price the stock has delivered a multibbager return of around 330 per cent. The current market capitalization of Aimtron Electricals Limited stands at Rs 1421.62 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.
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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.