Aztec Fluids & Machinery Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 63 to ₹ 67 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹ 24.12 Cr) |
| Fresh Issue | 36,00,000 shares (aggregating up to ₹ 24.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,00,00,000 |
| Share holding post issue | 1,36,00,000 |
| Market Maker portion | 1,82,000 shares Hem Finlease |
About Aztec Fluids & Machinery Limited IPO
Aztec Fluids & Machinery Limited, a leading manufacturers, exporter and suppliers of a quality assured assortment of Printers, Printer consumables and Printer Spares. Their product range includes Continuous Inkjet (CIJ), Thermal Transfer Overprint (TTO), Drop on Demand (DOD) and Laser printers. These products are highly acclaimed by their clients, based in the markets of the Indian Subcontinent, East Asia, Middle East and south-east Asia, for their distinguished features like supreme quality, excellent performance, long functional life and easy operations. It is managed by a team of highly experienced professionals, which ensures systematic execution of all the processes.
Moreover, it is segregated into three major departments-manufacturing, quality control and warehousing & packaging. In addition, inspection of these departments is timely done, in order to ensure smooth execution of all the operations. Aztec Fluids & Machinery IPO is a book built issue of Rs 24.12 crores. The issue is entirely a fresh issue of 36 lakh shares. Aztec Fluids & Machinery IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. Hem Securities Limited is the book running lead manager of the Aztec Fluids & Machinery IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Aztec Fluids & Machinery IPO is Hem Finlease.
Objectives of Aztec Fluids & Machinery IPO
The company intend to utilize the proceeds of the net issue to meet the following objectives:
- 1. Funding of the proposed acquisition of equity shares of Jet Inks Private Limited.
- 2. Repayment of a portion of certain borrowing availed by the Company.
- 3. General Corporate Purpose.
Aztec Fluids & Machinery IPO Review
The company is operating in a highly competitive and fragmented segment of printers, variety of inks and related services. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards.
Aztec Fluids & Machinery Limited IPO Financial Information
Latest Revenue
5,182.38
₹ Crore
Profit After Tax
450.74
₹ Crore
Net Worth
1,986.34
₹ Crore
Total Borrowing
565.95
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 4,287.00 | 5,182.38 | 450.74 | 1,986.34 | 565.95 | ||||
| 31 Mar 2023 | 3,090.06 | 5,452.97 | 327.38 | 1,535.60 | 562.31 | ||||
| 31 Mar 2022 | 2,707.75 | 4,642.56 | 311.25 | 1,238.56 | 552.40 | ||||
| 31 Mar 2021 | 2,112.81 | 3,467.75 | 246.28 | 958.92 | 514.34 | ||||
| Amount in ₹ Crore | |||||||||
Aztec Fluids & Machinery Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.60% |
| ROCE | 25.38% |
| Debt/Equity | 0.28 |
| RoNW | 22.69% |
| P/BV | 3.37 |
| PAT Margin (%) | 8.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.27 | 4.42 |
| P/E (x) | 20.47 | 15.16 |
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Competitive Strengths
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Aztec Fluids & Machinery Limited IPO Timeline
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |