Aesthetik Engineers Limited IPO

NiftyTrader • August 3, 2024

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Aesthetik Engineers Limited IPO opens on August 8, 2024, and closes on August 12, 2024. The allotment for the Aesthetik Engineers IPO is anticipated to be completed on Tuesday, August 13, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Friday, August 16,2024.

The Aesthetik Engineers IPO’s price band is Rs 55 to Rs 58 per share. The IPO is a book-built issue of Rs 26.47 crores, entirely a fresh issue of 45.64 lakh shares.

Aesthetik Engineers IPO Details

IPO Date	August 8, 2024 to August 12, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹55 to ₹58 per share
Lot Size	2000 Shares
Total Issue Size	4,564,000 shares (aggregating up to ₹26.47 Cr)
Fresh Issue	4,564,000 shares (aggregating up to ₹26.47 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	12,656,175
Shareholding post-issue	17,220,175
Market Marker portion	232,000 shares
Offer for Sale	[.] shares of ₹10 (aggregating up to ₹0.00 Cr)

Aesthetik Engineers IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹116,000
Retail (Max)	1	2000	₹116,000
HNI (Min)	2	4000	₹232,000

Aesthetik Engineers IPO Objectives

The Company proposes to utilize the net proceeds to finance the following purposes:

To meet the Capital Expenditure Requirement of the Company;
To meet the Working Capital requirements of the Company;
To meet out the General Corporate Purposes; and
To meet out the Issue Expenses.

About Aesthetik Engineers Limited

Founded in 2003, Aesthetik Engineers Limited specializes in providing comprehensive interior design services and is prominently engaged in the design, manufacture, and installation of advanced façade systems. The company offers a wide array of services, including the design, engineering, fabrication, and installation of architectural façades. They also produce aluminum doors and windows, as well as railings, stairs, and Glassfibre Reinforced Concrete (GFRC) for various sectors such as hospitality, residential, commercial, and infrastructure projects.

Aesthetik Engineers’ product offerings encompass several specialized categories. Their façade solutions include structural glazing and curtain walls, spider glazing, ACP/HPL/stone cladding, aluminum louvers, and custom-designed canopies, skylights, and domes. In addition, they provide an extensive range of doors and windows, delivering both products and services for their careful planning and installation. The company also excels in the design and installation of railings and stairs, ensuring functional and aesthetically pleasing solutions for a variety of building projects.

Aesthetik Engineers Limited Financial Information

Aesthetik Engineers Limited’s revenue increased by 50.64% and profit after tax (PAT) rose by 346.76% between the financial year ending with March 31, 2024 and March 31, 2023.

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

Aesthetik Engineers IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

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
A 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

Conclusion

The Aesthetik Engineers Limited IPO offers an exciting investment opportunity in a company specializing in comprehensive interior design and advanced façade systems. With a robust financial performance, significant revenue growth, and a promising outlook, the IPO presents potential for investors looking to diversify their portfolios. The company aims to utilize the funds raised to enhance its capital and working capital, alongside other corporate purposes, positioning itself for further growth in the dynamic construction and design sector. As the IPO opens from August 8 to August 12, 2024, investors should consider the company’s strong market presence and financial health before making their investment decisions.