Aesthetik Engineers Limited IPO Detail
Founded 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:
- Façade: structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminum louvers and canopies/skylights/domes.
- Doors and windows: supply of products and services for the planning and installation of doors and windows.
- Railings and stairs: Provision of services for the design and installation of railings and stairs.
- Glass Fiber Reinforced Concrete (GFRC).
The company's production facility is located in Howrah, Kolkata, and spans over 3,000 square meters. As of June 30, 2024, the company had 52 permanent employees.
Company Promoters
Mr. Avinash Agarwal, Ms. Sreeti Agarwal, Ms. Manisha Sureka, and M/s Avinash Agarwal (HUF) are the promoters of the company.IPO Details
| IPO Opening Date | Aug 08, 2024 |
| IPO Closing Date | Aug 12, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 - 58 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹26.47 Cr |
| Fresh Issue | ₹26.47 Cr |
| Offer for Sale | ₹0.00 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.50x | 0.00x | 0.00x | 23.43x | 40.23x | 26.43x |
| Day 2 | 5.24x | 0.00x | 0.00x | 45.80x | 81.75x | 52.21x |
| Day 3 | 207.31x | 0.00x | 0.00x | 1933.96x | 461.58x | 705.26x |
IPO Tentative Timetable
The Aesthetik Engineers Limited IPO open date is Aug 08, 2024, and the close date is Aug 12, 2024. The issue may list on Aug 15, 2024.
| IPO Open Date | Aug 08, 2024 |
| IPO Close Date | Aug 12, 2024 |
| Basis of Allotment Date | Aug 13, 2024 |
| Initiation of Refunds | Aug 14, 2024 |
| Credit of Shares to Demat Account | Aug 14, 2024 |
| IPO Listing Date | Aug 15, 2024 |
IPO Lot Size
The Aesthetik Engineers Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹116000 |
| Maximum | 1 | 2000 | ₹116000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.50% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 3088.94 | 6079.50 | 502.99 |
| 31-Mar-23 | 2457.77 | 4035.82 | 112.59 |
Objects of the Issue:
The company proposes to utilize the net proceeds from the issue towards the following objectives:
- To meet out the Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Aesthetik Engineers Limited IPO Registrar:
Skyline Financial Services Private Ltd
Aesthetik Engineers Limited IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
Aesthetik Engineers Limited
1858/1, 5th Floor, Unit 503-505, Acropolis Mall, Rajdanga Main Road, Kasba
Kolkata
Kolkata
