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  • 03 May, 2024

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.

Aztec Fluids & Machinery Limited IPO

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Aztec Fluids & Machinery Limited IPO GMP

GMP Date IPO Price GMP Last Updated
- - - -

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**


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 2000 Shares
Total Issue Size 3,600,000 shares (aggregating up to ₹24.12 Cr)
Fresh Issue 3,600,000 shares (aggregating up to ₹24.12 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue 10,000,000
Share holding post issue 13,600,000
Market Maker portion 182,000 shares Hem Finlease

Aztec Fluids & Machinery Limited IPO Timeline

Detail Description
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

Aztec Fluids & Machinery Limited IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹134,000
Retail (Max) 1 2000 ₹134,000
HNI (Min) 2 4,000 ₹268,000


Aztec Fluids & Machinery Limited IPO Promoter Holding

Share Holding Pre Issue Share Holding Post Issue
Share Holding Pre Issue 100.00%
Share Holding Post Issue -


Competitive Strength:

  • -

Aztec Fluids & Machinery Limited IPO Financial Information

Period Ended Assets Total Income Profit After Tax Net Worth Reserves and Surplus 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

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

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.

DRHP:

View DRHP

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Frequently Asked Questions (FAQs)

  • What Is The Allotment Date Of Aztec Fluids & Machinery?

    The allotment date of the Aztec Fluids & Machinery IPO is May 15, 2024.

  • What Is The Price Band Of The Aztec Fluids & Machinery IPO?

    The price band of the issue is INR 63-67 per share.

  • What Is The Size Of The Aztec Fluids & Machinery IPO?

    The offer size of Aztec Fluids & Machinery Limited is INR 24.12 crores, consisting of a fresh issue of 36,00,000 shares. The company seeks funds to acquire Jet Inks, repay borrowing, and fulfill general corporate objectives.

  • What Is The Listing Date Of The Aztec Fluids & Machinery IPO?

    The listing date of Aztec Fluids & Machinery IPO is May 17, 2024.

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