Aishwarya Telecom IPO
Aishwarya Telecom IPO — date, price band, lot size & details 2008
Aishwarya Telecom listed on 7 May 2008 at ₹50.1, 43.1% above the ₹35 issue price.
Aishwarya Telecom is a Hyderabad based maker and trader of fibre optic test equipment and cable fault locators for telecom, defence and railway customers. Its total income was Rs 22.50 crore in FY2007.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 15 Apr 2008
- Close 17 Apr 2008
- Allotment 30 Apr 2008
- Refund/credit TBA
- Listing 07 May 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 15 to 17 Apr, 2008 |
|---|---|
| Price Band | ₹32 – ₹35 |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹14.01 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 7,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 200 shares at the ₹35 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹7,000 |
| Retail (max) | 28 | 5,600 | ₹1,96,000 |
| S-HNI (min) | 29 | 5,800 | ₹2,03,000 |
| S-HNI (max) | 142 | 28,400 | ₹9,94,000 |
| B-HNI (min) | 143 | 28,600 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 7.83 crore in FY2005 to Rs 22.50 crore in FY2007, and was Rs 22.53 crore in nine months to December 2007.
- 02Profit after tax rose from Rs 1.17 crore in FY2005 to Rs 3.03 crore in FY2007, and was Rs 3.14 crore in nine months to December 2007.
- 03Net worth rose from Rs 3.23 crore in FY2005 to Rs 16.53 crore in December 2007.
- 04Return on net worth was 33%.
Risks · 5
- 01Most of its sales came from trading, which was Rs 20.29 crore in FY2007, not from its own products.
- 02It was a tiny company, raising only Rs 14.01 crore.
- 03Rs 7.00 crore of the issue was for analysers for a new audit service to mobile operators.
- 04Telecom equipment needs constant research to keep up; only Rs 1.44 crore was for research and development.
- 05Promoter holding fell from 73.05% before the issue to 45.64% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aishwarya Telecom offer document.
| Metric | 31 Dec 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 22.53 | 22.50 | 16.94 | 7.83 |
| Profit After Tax | 3.14 | 3.03 | 2.35 | 1.17 |
| NET Worth | 16.53 | 9.18 | 6.62 | 3.23 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Aishwarya Telecom RHP.
Where the money goes
₹22.86 Cr of the issue is earmarked to named objects.
About the company
It deals in high tech test and measuring equipment and is an ISO 9001:2000 certified maker of fibre optic test equipment and cable fault locators, from two production units.
Its customers included telephone service providers, the defence sector, railways, telecom equipment makers and cable TV operators.
The IPO was Rs 14.01 crore and was entirely a fresh issue at Rs 35, the top of the Rs 32 to Rs 35 band. The money was for research and development, GSM and CDMA analysers for mobile operator audits, and new buildings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aishwarya Telecom IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Aishwarya Telecom?
The current Grey Market Premium is ₹0.
What is the Aishwarya Telecom IPO price band?
₹32 to ₹35, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 April 2008, with listing on 7 May 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
