Aurionpro Solutions IPO
Aurionpro Solutions IPO — date, price band, lot size & details 2005
Aurionpro Solutions listed on 25 Oct 2005 at ₹102, 13.3% above the ₹90 issue price.
Aurionpro Solutions is a Mumbai based software and IT services company serving banking and financial services clients, with an offshore development centre in India. Its total income was Rs 8.98 crore in FY2005.
Stock price
Aurionpro Solutions is listed — here is the live share price.
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 27 Sep 2005
- Close 04 Oct 2005
- Allotment 14 Oct 2005
- Refund/credit TBA
- Listing 25 Oct 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 Sep to 4 Oct, 2005 |
|---|---|
| Price Band | ₹81 – ₹90 |
| Face Value | ₹10 |
| Lot Size | 70 Shares |
| Issue Size | ₹27 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,300 |
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 70 shares at the ₹90 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 70 | ₹6,300 |
| Retail (max) | 31 | 2,170 | ₹1,95,300 |
| S-HNI (min) | 32 | 2,240 | ₹2,01,600 |
| S-HNI (max) | 158 | 11,060 | ₹9,95,400 |
| B-HNI (min) | 159 | 11,130 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income doubled from Rs 4.48 crore in FY2004 to Rs 8.98 crore in FY2005.
- 02Profit after tax rose from Rs 0.52 crore in FY2004 to Rs 2.31 crore in FY2005.
- 03Net worth rose from Rs 2.77 crore in FY2004 to Rs 10.56 crore in FY2005.
- 04The whole Rs 27 crore issue was fresh money for the company.
Risks · 5
- 01It was a very small company, with total income of Rs 8.98 crore in FY2005, raising Rs 27 crore.
- 02Its market is very competitive, as disclosed in the prospectus; profit was Rs 0.32 crore in FY2003.
- 03A company promoted by one of its promoters, Fusion B Services, made losses of Rs 0.25 crore.
- 04Overseas clients bring currency risk; net worth was only Rs 10.56 crore.
- 05Promoter group holding fell from 57.43% before the issue to 41.5% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aurionpro Solutions offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | 8.98 | 4.48 | 3.29 |
| Profit After Tax | 2.31 | 0.52 | 0.32 |
| NET Worth | 10.56 | 2.77 | 1.98 |
| Reserves and Surplus | 2.78 | 2.44 | 1.66 |
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 Aurionpro Solutions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Aurionpro Solutions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹2.96 | ₹2.14 |
| P/E Ratio (x) | 30.36 | 42.03 |
| Market Cap at Offer Price (₹ Cr) | ₹70.24 | ₹97.15 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹90 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹31.22 Cr of the issue is earmarked to named objects.
About the company
Its promoters are professionals from financial services, and it provides software and services to banking and financial services clients.
It runs an India based offshore development centre and had expanded its facilities at regular intervals over three years.
The IPO was Rs 27 crore and was entirely a fresh issue at Rs 90, the top of the Rs 81 to Rs 90 band, with a face value of Rs 10.
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.
Aurionpro Solutions 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.
Centrum Capital Ltd.
27 issues handledBest listing: Nandan Exim (+140.0%). Weakest: Prime Focus (-22.8%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 Aurionpro Solutions?
The current Grey Market Premium is ₹0.
What is the Aurionpro Solutions IPO price band?
₹81 to ₹90, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 October 2005, with listing on 25 October 2005.
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.
