Aesthetik Engineers IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 8 Aug 24 – 12 Aug 24 | ₹1,10,000 | 2,000 | ₹55 – ₹58 |
Issue Size | IPO Doc |
|---|---|
| 26.47Cr | RHP PDF |
About Aesthetik Engineers Limited
| Founded in | 2008 |
| Managing director | Mr. Avinash Agarwal |
| Parent organisation | Aesthetik Engineers Ltd |
Aesthetik Engineers Limited is a prominent player in the design, engineering, fabrication, and installation of façade systems. Their extensive product range includes building facades, aluminum doors and windows, railings, staircases, and Glassfibre Reinforced Concrete (GRC). They cater to various sectors such as hospitality, residential, commercial, and infrastructure.
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Product Portfolio:
- Façade Systems: Structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminum louvers, canopies, skylights, and domes.
- Doors and Windows: Planning and installation services for aluminum doors and windows.
- Railings and Stairs: Design and installation services.
- Glassfibre Reinforced Concrete (GRC): Durable and versatile construction material.
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Aesthetik Engineers Market Presence
- Headquarters: Kolkata
- Manufacturing Facility: Howrah, spanning over 3,000 square meters
- Employees: 52 permanent employees (as of June 30, 2024)
Aesthetik Engineers IPO Details
- Issue Size: Rs 26.47 crores
- Shares Offered: 45.64 lakh shares (fresh issue)
- Offer for Sale: None
- IPO Opening Date: August 8, 2024
- IPO Closing Date: August 12, 2024
- Allotment Date: August 13, 2024
- Listing Date: August 16, 2024 (NSE SME)
- Price Band: ₹55 to ₹58 per share
- Minimum Lot Size: 2,000 shares
- Retail Investment: Minimum ₹116,000
- HNI Investment: Minimum ₹232,000 (2 lots of 4,000 shares)
Key Players:
- Lead Manager: Narnolia Financial Services Ltd
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Nikunj Stock Brokers
For detailed information, please refer to the Aesthetik Engineers IPO RHP.
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Aesthetik Engineers Financial Information (Restated Consolidated)
Aesthetik Engineers Limited increased their revenue by 50.64% and their profit after tax by 346.76% between March 31, 2023, and March 31, 2024.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 3,088.94 | 2,457.77 |
| Revenue | 6,079.50 | 4,035.82 |
| Profit After Tax | 502.99 | 112.59 |
| Net Worth | 1,502.41 | 999.42 |
| Total Borrowing | 849.92 | 592.47 |
| Amount in ₹ Lakhs | ||
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Aesthetik Engineers IPO Timeline
Aesthetik Engineers IPO opens on August 8, 2024, and closes on August 12, 2024.
| 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 |
| Listing Date | Friday, August 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 12, 2024 |
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IPO FAQs
An Initial Public Offering (IPO) is when a company offers its shares to the public for the first time.
Companies raise capital by going public, using the funds for expansion, paying off debt, or other corporate purposes.
In a book-built issue, investors determine the price of shares through a bidding process. In a fixed price issue, the company sets and announces the price in advance.
The IPO opens on August 8, 2024, and closes on August 12, 2024.
The company set the price band at ₹55 to ₹58 per share.
The minimum investment required for retail investors is ₹116,000 for 2,000 shares.
The allotment for the Aesthetik Engineers Limited IPO will be finalized on August 13, 2024.
The shares will be listed on August 16, 2024, on the NSE SME.
Narnolia Financial Services Ltd is the book-running lead manager for the IPO.
The manufacturing facility is located in Howrah, Kolkata.
