Aztec Fluids & Machinery Limited IPO Detail
Founded in April 2010, Aztec Fluids & Machinery Limited provides a quality-assured assortment of Printers, Printer consumables, and Printer Spares to a diverse range of industries, including personal care, food and beverages, pharmaceuticals, construction materials, cables, wires, and pipes, metals, automotive and electronics, agrochemicals, and chemicals and petrochemicals.
The company's range of products includes various types of printers, namely continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers), and laser printers. Additionally, the company offers printer inks and consumable items such as makeup and cleaning solvents.
The company exports its products to countries such as Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria.
The company has its registered office in Ahmedabad and a warehouse in Kheda, Gujarat for storing imported printers.
As of December 31, 2023, The company had a team of 28 employees dedicated to sales and marketing, and 51 employees dedicated to after-sales service and support at client locations.
Company Promoters
Pulin Kumudchandra Vaidhya, Amisha Pulin Vaidhya and Kumudchandra Bhagwandas Vaidya.IPO Details
| IPO Opening Date | May 10, 2024 |
| IPO Closing Date | May 14, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹63 - 67 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹24.12 Cr |
| Fresh Issue | ₹24.12 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.75x | 0.00x | 0.00x | 3.69x | 5.35x | 3.97x |
| Day 2 | 2.85x | 0.00x | 0.00x | 19.86x | 31.41x | 20.78x |
| Day 3 | 107.93x | 0.00x | 0.00x | 341.94x | 228.43x | 218.38x |
IPO Tentative Timetable
The Aztec Fluids & Machinery Limited IPO open date is May 10, 2024, and the close date is May 14, 2024. The issue may list on May 17, 2024.
| IPO Open Date | May 10, 2024 |
| IPO Close Date | May 14, 2024 |
| Basis of Allotment Date | May 15, 2024 |
| Initiation of Refunds | May 16, 2024 |
| Credit of Shares to Demat Account | May 16, 2024 |
| IPO Listing Date | May 17, 2024 |
IPO Lot Size
The Aztec Fluids & Machinery Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹134000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹134000 |
| Maximum | 1 | 2000 | ₹134000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2112.81 | 3467.75 | 246.28 |
| 31-Mar-22 | 2707.75 | 4642.56 | 311.25 |
| 31-Mar-23 | 3090.06 | 5452.97 | 327.38 |
| 31-Dec-23 | 4287.00 | 5182.38 | 450.74 |
Objects of the Issue:
The company intend to utilize the proceeds of the net issue to meet the following objects:
- Funding of the proposed acquisition of equity shares of Jet Inks Private Limited
- Repayment of a portion of certain borrowing availed by our Company
- General Corporate Purpose
Aztec Fluids & Machinery Limited IPO Registrar:
Bigshare Services Pvt Ltd
Aztec Fluids & Machinery Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Aztec Fluids & Machinery Limited
Part H Plinth,4th Floor,
Takshashila Square, Near Krishnabag Four Rd
Maninagar, Ahmedabad,-380028
