ENA Sectors 2024-06-06 14:00:52 <p><span style="font-size:14px"><strong>New Delhi, Jun 6 (KNN)</strong> Aimtron Electronics, a provider of electronics system design and manufacturing services, saw its shares soar on listing day.</span></p> <p><span style="font-size:14px">The company's stock debuted at Rs 241 on the NSE SME platform Thursday, marking a premium of 49.7 per cent over its issue price of Rs 161.</span></p> <p><span style="font-size:14px">The enthusiastic listing followed strong investor demand for Aimtron's initial public offering (IPO). The fresh equity sale of 54.04 lakh shares was oversubscribed 99 times at close.</span></p> <p><span style="font-size:14px">Ahead of the listing, Aimtron shares were trading at a Rs 30 premium in the unlisted market.</span></p> <p><span style="font-size:14px">Aimtron offers tailored electronics manufacturing solutions from printed circuit board assembly to complete system builds.</span></p> <p><span style="font-size:14px">Its services span design, prototyping, and end-to-end production for customers in India, the US, Hong Kong, UK, Spain and Mexico. Key product areas include battery management systems for electric vehicles.</span></p> <p><span style="font-size:14px">The IPO funds will support debt repayment, capital expenditure, working capital requirements and general corporate purposes for the fast-growing firm.</span></p> <p><span style="font-size:14px">By providing integrated design and manufacturing capabilities, Aimtron aims to help customers reduce costs, streamline supply chains and minimise inventory obsolescence.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38092 https://knnindia.co.in/news/newsdetails/sectors/aimtron-electronics-makes-strong-debut-on-nse-sme-platform 2024-06-06 14:00:52 knnindia.co.in