Aimtron Electronics, a leading electronics system design and manufacturing (esdM) company, has announced a fundraise of around Rs 100 crore through the issuance of convertible warrants on a preferential basis. The round saw participation from the promoter group, including Mukesh Vasani and Nirmal Vasani, along with other marquee investors.

The company’s Board of Directors has approved the issuance of up to 14,79,000 warrants at Rs 666 per warrant. Each warrant is convertible into one fully paid-up equity share of Rs 10 face value, carrying a premium of Rs 656, aggregating up to Rs 98.50 crore. The funds will be used to establish a greenfield manufacturing facility, allowing Aimtron to scale its box-build projects and system-level, end-to-end integration business, with a revenue target of Rs 1,000 crore. 

The new facility, spread over three acres, will feature five advanced SMT lines and full assembly capabilities. Nirmal Vasani, Global COO, said, “The new facility will enhance our ability to offer end-to-end box-build solutions under one roof and position India as a scalable and dependable global manufacturing partner.”