Ongoing SME IPO_ Aaron Industries Limited IPO


Aaron Industries Limited IPO 

Issue Analysis :

Issue opens Aug 20, 2018
Issue Closes Aug 24, 2018
Issue Price Rs 38
Lot Size 3000
Issue Size 4.78 Cr
Platform NSE

Company’s Snapshot :

Aaron Industries Limited is a company engaged in the business of manufacturing and trading of Elevator products and other elevator parts with the continuation of existing business also. Currently, the company provides

Elevator product and parts including Elevator cabins, Doors, Frem, Header, Traction Machine etc.


Aaron Industries also provides electronic equipment like Busbar chambers, Cable tray, Distribution boxes, Loom switch and building hardware material like Z perline and slotted channel etc.


The company’s total revenue increased to ` Rs 1,179.14 Lakh in 2018 from Rs 39.07 Lakh in 2014 at a CAGR of 97.67 %.


The EBIDTA increased to Rs 160.73 Lakh in 2018, from Rs 1.45 Lakh in 2014 at a CAGR of 156.42%.

Object of the Issue:

The Objects of the Issue are to:

  1. Set up a new line of business in the expansion plan
  2. Meet the working capital requirement; and
  3. Meet the Public Issue Expenses

Financial Highlights :


Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 692.61 255.41 220.80 106.48 38.72
Total Revenue 1,179.14 480.31 331.89 237.81 39.07
Profit After Tax 107.03 4.94 3.86 3.66 0.84


Company Promoters:

The Promoters of the Company are:-

  1. Mr. Amar Chinubhai Doshi
  2. Mr. Karan Amar Doshi
  3. Mr. Monish Amarbhai Doshi
  4. Ms. Radhika Amar Doshi
  5. Ms. Toral Karan Doshi
  6. Ms. Bhoomi Monish Doshi


Contact Company Information:

Aaron Industries Limited


B-65 & 66,

Jawahar Road No. 4, Udhyog Nagar

Udhana, Surat-394210, Gujarat

Phone: +91-02612278410



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