IPO DETAILS : Aartech Solonics Ltd.


E-2/57, Ashirvad Arera Colony, Bhopal, Madhya Pradesh - 462016
Phone: 2463593

Public Issue of 2120000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 24.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
12/03/201918/03/2019 - -
Lead Managers Registrar Listed at
SWASTIKA INVESTMART LIMITED
Bigshare Services Private Limited.
E-2 Ansa Industrial Estate,
Saki Vihar Road, , Sakinaka,
Mumbai, Maharashtra - 400072
Phone: 40430200 Fax: 28475207
BSE
Object of the issue

The objects of the Issue are:

1. Investment in wholly owned subsidiary company - “M/S AIC Aartech Solonics Private Limited”,

2. Investment in wholly owned subsidiary company - “ M/S Faradigm Ultracapacitors Private Limited”,

3. For General Corporate Expenses including Capital Expenditure & Research and Development Expenses,

4. Working Capital Requirement,

5. Meeting Public Issue Expenses.

Project Cost
(Rs. in Crs.)
ISSUE EXPENSES0.50
INVESTMENT IN SUBSIDIARIES4.50
WORKING CAPITAL REQUIREMENTS1.00
GENERAL CORPORATE EXPS.1.21
TOTAL COST7.21
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES7.21
TOTAL COST7.21
Promoted by

The Promoters of the Company are Mr. Anil Anant Raje and Mrs. Chhaya Raje

1. Mr. Anil Anant Raje : his 72 years of age, is a Bachelor of Engineering (Electrical Branch) from MACT (now MANIT) in 1966 (2nd Batch)-having stood 2nd in the merit list in the university. He possess more than 40 years of experience in multi-dimensional aspects of business operations in the power sector. He is one of the Promoters of the Company and has the distinction of leading the Company. He was appointed as Director of the company on August, 24th, 1982. After a brief stain with L&T, Powel, he started his entrepreneurial career at Mumbai in 1971, in 1982, he return back and lay the foundation of Aartech Solonics. He is pioneer in the design, development and implementation of the first generation import substitute fast bus transfer system for the thermal power stations and process industries in India and is and internationally acknowledged expert in this field with several international conference papers to his credit.

PAN : AAUPR8628K

Passport Number : P9917108

Voter Identification No. : JLQ6387823

Driving License : MP04R20160167743

Name of Bank : Bank of India

Bank Account Number : 900210100003917

2. Mrs. Chhaya Raje : his 70 years of age, is a Master of Science from Indore University in 1969 having stood 2nd in the merit list in the university. She possess more than 38 years of experience. As qualified chemical scientist, Mrs. Chaya Raje is a founding member of Aartech. She contributed significantly in the finance and accounts operations at Aartech, in the past. She has been the anchor point of the company in ensuring its sustenance with practical financial prudence while serving the best interests of even the smallest stakeholder in the company.

PAN : AAUPR8392Q

Passport Number : P9922911

Voter Identification No. : JLQ6387831

Name of Bank : Bank of India

Bank Account Number : 900210100003991