Aztec Fluids & Machinery IPO

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 nameAztec Fluids & Machinery Limited
SectorCapital Goods
IndustryEngineering – Industrial Equipments
Company Website

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 date10 May 2024
IPO Closing14 May 2024
Basis of Allotment15 May 2024
Initiation Refund16 May 2024
Credit to Demat Account16 May 2024
Listing Date17 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 14, 2024)

Aztec Fluids & Machinery IPO details

Issue typeBook Built Issue IPO
IPO issue size₹24.12 Cr – 3,600,000 shares
Fresh Issue₹24.12 Cr – 3,600,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹63 to ₹67 per share
Lot size2000 Shares
Market Maker portion182,000 shares
Shareholding pre-issue10,000,000
Shareholding post-issue13,600,000
Listing ExchangeBSE SME

Aztec Fluids & Machinery IPO Lot Size

Retail (Min)12000₹134,000
Retail (Max)12000₹134,000
HNI (Min)24,000₹268,000

IPO Documents

Aztec Fluids & Machinery IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,022,000 (28.39%)
Market Maker Shares Offered182,000 (5.06%)
QIB Shares Offered684,000 (19.00%)
NII (HNI) Shares Offered514,000 (14.28%)
Retail Shares Offered1,198,000 (33.28%)
Total Shares Offered3,600,000 (100%)

Aztec Fluids & Machinery Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income2.463.113.274.51
(Amount in ₹ Crores)

Aztec Fluids & Machinery Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio19.27 – 20.49
RONW (%)25.6825.1321.32
ROCE (%)26.5124.8622.07
EBITDA (%)10.368.888.59

Company Promoters

  • Pulin Kumudchandra Vaidhya
  • Amisha Pulin Vaidhya
  • Kumudchandra Bhagwandas Vaidya.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Aztec Fluids & Machinery IPO GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
16 May 20244058,000
15 May 20243045,000
14 May 20243042,000
13 May 20243246,000
11 May 20243551,000
10 May 20243554,000
9 May 20243755,200
8 May 20243248,500
7 May 20242540,000

Aztec Fluids & Machinery IPO Subscription Update

Shares Offered6,84,0005,04,00011,98,00023,86,000
14 May 2024107.93252.78228.43203.03
13 May 20242.8514.9431.4619.41
10 May 20241.752.735.353.69
(The market maker reservation portion of 1,92,000 shares is not included)

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 Date17 May 2024
BSE Scrip Code544177
NSE Symbol
Final Issue Price₹67 per share

Listing Day Update

Listing ExchangeBSE SME
Final Issue Price₹67.00
Last Trade₹85.50

Aztec Fluids & Machinery IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000

Aztec Fluids & Machinery Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Aztec Fluids & Machinery Contact Details

Part H Plinth,4th Floor, Takshashila Square,
Near Krishnabag Four Rd, Maninagar, Ahmedabad, Gujarat-380028
Phone: +91-7048333211

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

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