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.
