Aztec Fluids & Machinery IPO will open for subscription from 10 May 2024. The company aims for an issue size of ₹24.12 Cr through this IPO.
Company Overview
| Full name | Aztec Fluids & Machinery Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://www.aztecindia.org/ |
About Company
Founded in 2010, Aztec Fluids & Machinery offers coding and marking solutions across various 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 product portfolio encompasses (i) printers such as continuous inkjet printers (CIJ), thermal transfer over printers (TTO), drop-on-demand printers (DOD), piezoelectric printers (NIJ), and laser printers; (ii) printer inks; and (iii) printer consumables including makeup and cleaning solvents.
The company serves a prestigious clientele including Astral Limited, ADF Foods Limited, Eris Lifesciences Limited, Rossari Biotech Limited, Surya Roshni Ltd, Vectus Industries Ltd, ERIS Therapeutics Limited, Resinova Chemie Limited, Prince Pipe & Fittings Limited, Oswal Cables Pvt Ltd, Digicode, Codjet India, and Makson Pharmaceuticals. Its products are exported to countries such as India, Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria. As of 31 December 2023, the company had a team of 28 employees focused on sales and marketing, along with 51 employees dedicated to providing after-sales service and support at client locations.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 10 May 2024 |
| IPO Closing | 14 May 2024 |
| Basis of Allotment | 15 May 2024 |
| Initiation Refund | 16 May 2024 |
| Credit to Demat Account | 16 May 2024 |
| Listing Date | 17 May 2024 |
Aztec Fluids & Machinery IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹24.12 Cr – 3,600,000 shares |
| Fresh Issue | ₹24.12 Cr – 3,600,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 182,000 shares |
| Shareholding pre-issue | 10,000,000 |
| Shareholding post-issue | 13,600,000 |
| Listing Exchange | BSE SME |
Aztec Fluids & Machinery IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
IPO Documents
Aztec Fluids & Machinery IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,022,000 (28.39%) |
| Market Maker Shares Offered | 182,000 (5.06%) |
| QIB Shares Offered | 684,000 (19.00%) |
| NII (HNI) Shares Offered | 514,000 (14.28%) |
| Retail Shares Offered | 1,198,000 (33.28%) |
| Total Shares Offered | 3,600,000 (100%) |
Aztec Fluids & Machinery Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 33.90 | 45.72 | 54.26 | 50.93 |
| Expenses | 31.25 | 42.29 | 50.22 | 45.73 |
| Net income | 2.46 | 3.11 | 3.27 | 4.51 |
Aztec Fluids & Machinery Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.46 | 3.11 | 3.27 |
| PE ratio | – | – | 19.27 – 20.49 |
| RONW (%) | 25.68 | 25.13 | 21.32 |
| NAV | 9.59 | 12.39 | 15.36 |
| ROCE (%) | 26.51 | 24.86 | 22.07 |
| EBITDA (%) | 10.36 | 8.88 | 8.59 |
| Debt/Equity | 0.54 | 0.45 | 0.37 |
Company Promoters
- Pulin Kumudchandra Vaidhya
- Amisha Pulin Vaidhya
- Kumudchandra Bhagwandas Vaidya.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Aztec Fluids & Machinery IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 May 2024 | 40 | – | 58,000 |
| 15 May 2024 | 30 | – | 45,000 |
| 14 May 2024 | 30 | – | 42,000 |
| 13 May 2024 | 32 | – | 46,000 |
| 11 May 2024 | 35 | – | 51,000 |
| 10 May 2024 | 35 | – | 54,000 |
| 9 May 2024 | 37 | – | 55,200 |
| 8 May 2024 | 32 | – | 48,500 |
| 7 May 2024 | 25 | – | 40,000 |
Aztec Fluids & Machinery IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 6,84,000 | 5,04,000 | 11,98,000 | 23,86,000 |
| 14 May 2024 | 107.93 | 252.78 | 228.43 | 203.03 |
| 13 May 2024 | 2.85 | 14.94 | 31.46 | 19.41 |
| 10 May 2024 | 1.75 | 2.73 | 5.35 | 3.69 |
Aztec Fluids & Machinery IPO Allotment Status
Aztec Fluids IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Details
| Listing Date | 17 May 2024 |
| BSE Scrip Code | 544177 |
| NSE Symbol | – |
| ISIN | INE0SCB01016 |
| Final Issue Price | ₹67 per share |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹67.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Aztec Fluids & Machinery IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Aztec Fluids & Machinery Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Aztec Fluids & Machinery Contact Details
AZTEC FLUIDS & MACHINERY LIMITED
Part H Plinth,4th Floor, Takshashila Square,
Near Krishnabag Four Rd, Maninagar, Ahmedabad, Gujarat-380028
Phone: +91-7048333211
E-mail: cs@aztecfluids.com
Website: www.aztecindia.org
Aztec Fluids & Machinery IPO FAQs
What is the Aztec Fluids & Machinery IPO size?
Aztec Fluids’ offer size is ₹22.68 – ₹24.12 crores.
What is the Aztec Fluids offer price band?
Aztec Fluids’ public offer price is ₹63 – ₹67 per share.
What is the lot size of the Aztec Fluids Offer?
Aztec Fluids offer lot size is 2,000 shares.
What is Aztec Fluids IPO GMP today?
Aztec Fluids IPO GMP today is ₹40 per share.
What is the Aztec Fluids kostak rate today?
Aztec Fluids kostak rate today is ₹NA per application.
What is Aztec Fluids Subject to the Sauda rate today?
Aztec Fluids is Subject to the Sauda rate today is ₹58,000 per application.
Final thoughts
Aztec Fluids & Machinery IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
