Aesthetik Engineers Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 8, 2024 to August 12, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 55 to ₹ 58 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 45,64,000 shares (aggregating up to ₹ 26.47 Cr) |
| Fresh Issue | 45,64,000 shares (aggregating up to ₹ 26.47 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹ 0.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,26,56,175 |
| Shareholding post issue | 1,72,20,175 |
About Aesthetik Engineers Limited IPO And Its GMP
Our Company is engaged in the business of designing, engineering, fabricating and installation of facade systems. Our portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GRC). We offer a wide range of products and services to meet the demands of our customers who belong to various industries such as Hospitality, Architecture and Infrastructure.
We execute end-to-end solutions of our offerings i.e. from designing of façade to the installation of the facade at the site. Our Company has a factory situated at Howrah, Kolkata which is being used for the fabrication and assembly of our products with emphasis on quality and performance which are resistant against UV rays, rains, dust, noise and other substances.
Issue Size: ₹26.47 crores
Issue Composition: Fresh issue of 45.64 lakh shares
IPO Opening Date: August 8, 2024
IPO Closing Date: August 12, 2024
Allotment Date: August 13, 2024
Listing Date: August 16, 2024 (tentative)
Price Band: ₹55 to ₹58 per share
Minimum Lot Size: 2,000 shares
Minimum Investment for Retail Investors: ₹116,000
Minimum Investment for HNI: 4,000 shares (2 lots) amounting to ₹232,000
Lead Manager: Narnolia Financial Services Ltd
Registrar: Skyline Financial Services Private Ltd
Market Maker: Nikunj Stock Brokers
Aesthetik Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Aesthetik Engineers IPO Anchor Investors Details
| Bid Date | August 7, 2024 |
| Shares Offered | 1,296,000 |
| Anchor Portion Size (In Cr.) | 7.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 11, 2024 |
Company & Financials
Established in 2003, Aesthetik Engineers Limited provides interior design services and is involved in the design, manufacture and installation of façade systems. The company provides design, engineering, fabrication and installation of architectural façades, aluminum doors and windows as well as railings, stairs and Glassfibre Reinforced Concrete (GFRC) for hospitality, residential, commercial and infrastructure projects.
The product portfolio of Aesthetik Engineers includes:
- 1. Façade: structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminium louvres and canopies/skylights/domes.
- 2. Doors and windows: supply of products and services for the planning and installation of doors and windows.
- 3. Railings and stairs: Provision of services for the design and installation of railings and stairs.
- 4. Glass Fiber Reinforced Concrete (GFRC).
The company's production facility is located in Howrah, Kolkata and spans over 3,000 square meters.
Objectives of Aesthetik Engineers IPO
The company proposes to utilize the net proceeds from the issue towards the following objectives:
- 1. To meet the Capital Expenditure Requirement of the Company.
- 2. To meet the Working Capital requirements of the Company.
- 3. To meet out the General Corporate Purposes.
- 4. To meet out the Issue Expenses.
Aesthetik Engineers IPO Review
The company is one of the leading organized player in façade and aluminium doors/windows, GRC related contracts/services. It marked growth in its top and bottom lines for the reported periods. The company has ongoing projects worth Rs. 67+ cr. on hand as of March 31, 2024. Considering its financial performance and future prospects, investors may park funds for the medium to long term.
Aesthetik Engineers Limited IPO And Its GMP Financial Information
Latest Revenue
₹ 6,079.50 Cr
Profit After Tax
₹ 502.99 Cr
Net Worth
₹ 1,502.41 Cr
Total Borrowing
₹ 849.92 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 3,088.94 | 6,079.50 | 502.99 | 1,502.41 | 849.92 |
| 31 Mar 2023 | 2,457.77 | 4,035.82 | 112.59 | 999.42 | 592.47 |
| Amount in ₹ Crore | |||||
IPO Estimated Listing Return
Based on the IPO Price of ₹58 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹45 and a lot size of 2000 shares.
Aesthetik Engineers Limited IPO And Its GMP IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-16 | ₹58 | ₹45.0 (78%) | 2024-08-16 |
Aesthetik Engineers Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.48% |
| ROCE | 37.32% |
| Debt/Equity | 0.57 |
| RoNW | 33.48% |
| P/BV | 4.89 |
| PAT Margin (%) | 8.28 |
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Competitive Strengths
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Aesthetik Engineers Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Thursday, August 8, 2024 |
| IPO Close Date | Monday, August 12, 2024 |
| Basis of Allotment | Tuesday, August 13, 2024 |
| Initiation of Refunds | Wednesday, August 14, 2024 |
| Credit of Shares to Demat | Wednesday, August 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 12, 2024 |
| Listing Date | Friday, August 16, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹ 1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹ 1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹ 2,32,000 |