
Chemicals · NSE
Incorporated in 1994, Auro Impex & Chemicals Limited, part of the Auro Group, is engaged in the manufacturing, exporting, and supply of discharge and collecting electrodes, as well as Electrostatic Precipitator (ESP) internal parts and spares. The company produces collecting electrodes of all profiles, discharge electrodes, electromagnetic rappers, tank and duct fabrications, and other ESP components for OEMs and service providers, covering sourcing, designing, manufacturing, and quality testing. Its products are supplied to reputed clients including Thermax Limited, Larsen & Toubro Limited, KC Cottrell India Private Limited, Isgec Heavy Engineering Limited, and other prominent OEMs.
Price Band
₹74 – ₹78
Issue Size
₹27.00 Cr
Lot Size
1600 shares
GMP
+2.6%
Est. Listing
₹80
at current GMP
Subscribed
66.93x
overall
Open
11 May 2023
Close
15 May 2023
Allotment
18 May 2023
Refund
19 May 2023
Demat Credit
20 May 2023
Listing
23 May 2023
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
18 May 2023
Basis finalization
Refunds Initiate
19 May 2023
Mandate release
Demat Credit
20 May 2023
Shares in demat
Listing Debut
23 May 2023
Trading begins
Auro Impex & Chemicals Limited is bringing an initial public offering (IPO) in the Chemicals sector with an aggregate issue size of ₹27 Crores. The shares are offered at a price band of ₹74 to ₹78 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,24,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-05-20, while un-allotted funds or UPI block mandates will be released on 2023-05-19.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.