GUWAHATI, May 23: Auro Impex and Chemicals Limited (AICL), a company specializing in manufacturing and supplying industrial air pollution equipment, has successfully listed its SME IPO at the National Stock Exchange (NSE) Emerge Platform. The listing ceremony was held in Kolkata and attended by the company’s promoters, merchant bankers, senior NSE officials, and prominent personalities. The IPO, which raised Rs 27.06 Crores, witnessed wide participation from Foreign Institutional Investors (FIIs) and High-Net-Worth Individuals (HNIs) and was oversubscribed by 67 times.
Sanjay Bhalotia, the founder & chairman of Affinity Global Capital Market Private Limited (AGCMPL), the merchant bankers to the issue, said that this development would act as a major positive catalyst for other businesses in the region. Madhusudhan Goenka, the managing director of Auro Impex and Chemicals Limited, expressed deep satisfaction with the overwhelming response to the IPO and said that it would enable the company to plan for expansion and rapid growth of facilities and business.
According to Ayushi Hansaria, the director of AGCMPL, who managed the issue on behalf of the organization, the super success of the IPO will boost East India’s entrepreneurial ecosystem and encourage many business owners and entities to tap the capital market for growth expansion. Auro Impex & Chemicals Ltd, an Auro Group Company established in 1994, has a state-of-the-art manufacturing facility and a widespread domestic and international network. The company is ISO 9001:2015 certified, which enables it to operate with high efficiency and provide superior quality to its customers.