Aesthetik Engineers IPO will open for subscription from 08 August 2024. The company aims for an issue size of ₹26.47 Cr through this IPO.
Company Overview
| Full name | Aesthetik Engineers Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | https://www.aesthetik.in/ |
About Company
Aesthetik Engineers deals in designing, engineering, fabricating, and installing facade systems. The company offers a wide range of solutions including Building Facades, Aluminium Doors, and Windows, Railing and Staircase, Glassfibre Reinforced Concrete, etc, and caters to an extensive client base in industries like Hospitality, Residential, Commercial, and Infrastructure Projects. Aesthetik’s factory is at Howrah, Kolkata with an area of around 3,000 square meters. The company provides services to many megaprojects from commercial complexes, residential buildings, airports, and malls in the states of West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat.
The company serves clients across various sectors, including construction, hospitality, and infrastructure. Some of its notable clients include Ambuja Housing and Urban Infrastructure, Primarc Projects Realty, Larsen & Toubro, ACC India, and Infosys, among others. As of 30 June 2024, the company employed 52 permanent employees.
The Objectives of the Issue
- For Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- For General Corporate Purposes; and
- To meet out the Issue Expenses.
Aesthetik Engineers IPO Timetable
| IPO Opening date | 08 August 2024 |
| IPO Closing | 12 August 2024 |
| Basis of Allotment | 13 August 2024 |
| Initiation Refund | 14 August 2024 |
| Credit to Demat Account | 14 August 2024 |
| Listing Date | 16 August 2024 |
Aesthetik Engineers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹26.47 Cr – 4,564,000 shares |
| Fresh Issue | ₹26.47 Cr – 4,564,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹55 to ₹58 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 232,000 shares |
| Shareholding pre-issue | 12,656,175 |
| Shareholding post-issue | 17,220,175 |
| Listing Exchange | NSE SME |
Aesthetik Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4,000 | ₹232,000 |
Aesthetik Engineers Offer Documents
Aesthetik Engineers IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,296,000 (28.40%) |
| Market Maker Shares Offered | 232,000 (5.08%) |
| QIB Shares Offered | 866,000 (18.97%) |
| NII (HNI) Shares Offered | 652,000 (14.29%) |
| Retail Shares Offered | 1,518,000 (33.26%) |
| Total Shares Offered | 4,564,000 (100%) |
Aesthetik Engineers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 25.74 | 40.01 | 60.72 |
| Expenses | 25.24 | 38.85 | 54.26 |
| Net income | (0.45) | 1.13 | 5.03 |
Aesthetik Engineers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | (5.35) | 13.34 | 3.97 |
| PE ratio | – | – | 13.85 – 14.61 |
| RONW (%) | (5.30) | 11.68 | 33.48 |
| NAV | 100.87 | 114.21 | 11.87 |
| ROCE (%) | 8.54 | 18.64 | 37.32 |
| EBITDA (%) | 4.47 | 5.11 | 12.69 |
| Debt/Equity | 0.45 | 0.59 | 0.57 |
Company Promoters
- Mr. Avinash Agarwal
- Ms. Sreeti Agarwal
- Ms. Manisha Sureka
- M/s Avinash Agarwal (HUF)
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.50% |
Aesthetik Engineers Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 August 2024 | – | ||
| 8 August 2024 | 25 | – | 35,000 |
| 7 August 2024 | 37 | – | 58,000 |
| 6 August 2024 | 45 | – | 67,000 |
| 5 August 2024 | 45 | – | 67,000 |
| 3 August 2024 | 45 | – | 67,000 |
Aesthetik Engineers IPO Subscription Update
Coming soon
Aesthetik Engineers IPO Allotment Status
Aesthetik Engineers IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Aesthetik Engineers IPO Listing Details
| Listing Date | Coming soon |
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Listing Day Update
| Listing Exchange | Coming soon |
| Final Issue Price | |
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Aesthetik Engineers IPO Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Aesthetik Engineers Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Aesthetik Engineers Contact Details
AESTHETIK ENGINEERS LIMITED
1858/1, 5th Floor, Unit 503-505, Acropolis Mall, Rajdanga
Main Road, Kasba, Kolkata, West Bengal-700107
Phone: +91 9836000052
E-mail: cs@aesthetik.in
Website: www.aesthetik.in
Aesthetik Engineers IPO FAQs
What is the Aesthetik Engineers’ offer size?
Aesthetik Engineers’ offer size is ₹ 25.10 – 26.47 crores.
What is the Aesthetik Engineers offer price band?
Aesthetik Engineers’ public offer price is ₹ 55 – 58 per share.
What is the lot size of the Aesthetik Engineers IPO?
Aesthetik Engineers offer a lot size is 2,000 shares.
What is Aesthetik IPO GMP today?
Aesthetik Engineers IPO GMP today is ₹ 25 per share.
What is the Aesthetik Engineers kostak rate today?
Aesthetik Engineers kostak rate today is ₹ NA per application.
What is Aesthetik Engineers Subject to the Sauda rate today?
Aesthetik Engineers is Subject to the Sauda rate today is ₹ 35,000 per application.
Final thoughts
Aesthetik Engineers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
