Aimtron Electronics IPO Debut: 50% premium to issue price on NSE India
Aimtron Electronics shares made a stellar stock market debut on Thursday June 6th on India’s National Stock Exchange (NSE); the shares were listed at ₹241.00 apiece, a premium of nearly 50% to the issue price of ₹161 per share.
The initial public offering (IPO) of Aimtron Electronics opened on May 30 and ended on June 3. Aimtron Electronics IPO allotment was finalized on June 4 and the IPO listing date was June 6.
Aimtron CEO Mukesh Vasani commented, “Globally, India is positioned as the next go-to for value service provider for the world. India also has some of the highest engineering talent density in the world. Aimtron will provide manufacturing services for a variety of industries in India to help power this boom, while also helping the latent talented people here achieve their potential.”
The IPO saw strong demand from across investor categories, according to multiple industry reports.
The net proceeds from the public offer will be for repayment of debt, funding capital expenditure, working capital requirements and other general corporate purposes, says Business Today India.
