Aesthetik Engineers IPO is a book built issue of Rs 26.47 crores. The issue comprises of fresh issue of 45.64 lakh shares and offer for sale worth Rs 0.00 crore.
Aesthetik Engineers IPO bidding opened for subscription on August 8, 2024 and will close on August 12, 2024. The allotment for the Aesthetik Engineers IPO is expected to be finalized on Tuesday, August 13, 2024. Aesthetik Engineers IPO will list on NSE SME with tentative listing date fixed as Friday, August 16, 2024.
Aesthetik Engineers IPO price band is set at ₹55 to ₹58 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹116,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹232,000.
Narnolia Financial Services Ltd is the book running lead manager of the Aesthetik Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aesthetik Engineers IPO is Nikunj Stock Brokers.
Refer to Aesthetik Engineers IPO RHP for detailed information.
Aesthetik Engineers IPO Details
| IPO Date | August 8, 2024 to August 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹0.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,656,175 |
| Share holding post issue | 17,220,175 |
| Market Maker portion | 232,000 shares Nikunj Stock Brokers |
Aesthetik Engineers IPO Reservation
Aesthetik Engineers IPO offers 4,564,000 shares. 866,000 (18.97%) to QIB, 652,000 (14.29%) to NII, 1,518,000 (33.26%) to RII and 1,296,000 (28.40%) to Anchor investors.
| 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 IPO Anchor Investors Details
Aesthetik Engineers IPO raises Rs 7.52 crore from anchor investors. Aesthetik Engineers IPO Anchor bid date is August 7, 2024. Aesthetik Engineers IPO Anchor Investors list
| Bid Date | August 7, 2024 |
| Shares Offered | 1,296,000 |
| Anchor Portion Size (In Cr.) | 7.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 11, 2024 |
Aesthetik Engineers IPO Timeline (Tentative Schedule)
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 |
| 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 |
Aesthetik Engineers IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4,000 | ₹232,000 |
| Lot Size Calculator | |||
Aesthetik Engineers IPO Promoter Holding
Mr. Avinash Agarwal, Ms. Sreeti Agarwal, Ms. Manisha Sureka, and M/s Avinash Agarwal (HUF) are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
About Aesthetik Engineers Limited
Founded in 2003, Aesthetik Engineers Limited provides interior design services and is involved in the design, manufacture, and installation of façade systems.
The company provides design, engineering, fabrication, and installation of architectural façades, aluminum doors and windows as well as railings, stairs and Glassfibre Reinforced Concrete (GFRC) for hospitality, residential, commercial and infrastructure projects.
The product portfolio of Aesthetik Engineers includes:
- Façade: structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminum louvers and canopies/skylights/domes.
- Doors and windows: supply of products and services for the planning and installation of doors and windows.
- Railings and stairs: Provision of services for the design and installation of railings and stairs.
- Glass Fiber Reinforced Concrete (GFRC).
The company’s production facility is located in Howrah, Kolkata, and spans over 3,000 square meters. As of June 30, 2024, the company had 52 permanent employees.
Aesthetik Engineers Limited Financial Information (Restated Consolidated)
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 |
| Amount in ₹ Lakhs | ||
Key Performance Indicator
The market capitalization of Aesthetik Engineers IPO is Rs 99.88 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 33.48% |
| ROCE | 37.32% |
| Debt/Equity | 0.57 |
| RoNW | 33.48% |
| P/BV | 4.89 |
| PAT Margin (%) | 8.28 |
Check Aesthetik Engineers IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.97 | 2.92 |
| P/E (x) | 14.59 | 19.86 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Aesthetik Engineers IPO Objectives)
The company proposes to utilize the net proceeds from the issue towards the following objectives:
- To meet out the Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Aesthetik Engineers IPO Review (Apply)
[Dilip Davda] The company is one of the leading organized player in façade and aluminium doors/windows, GRC related contracts/services. It marked growth in its top and bottom lines for the reported periods. The company has ongoing projects worth Rs. 67+ cr. on hand as of March 31, 2024. Considering its financial performance and future prospects, investors may park funds for the medium to long term. Read detail review…
Aesthetik Engineers IPO Subscription Status (Bidding Detail)
The Aesthetik Engineers IPO is subscribed 52.21 times on August 9, 2024 7:29:58 PM. The public issue subscribed 81.75 times in the retail category, 5.24 times in the QIB category, and 45.80 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.24 |
| NII | 45.80 |
| Retail | 81.75 |
| Total | 52.21 |
Total Application : 62,052 (81.75 times)
Aesthetik Engineers IPO Prospectus
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Aesthetik Engineers Limited Contact Details
Aesthetik Engineers Limited
1858/1, 5th Floor, Unit 503-505,
Acropolis Mall, Rajdanga Main Road,
Kasba, Kolkata – 700107
Phone: +91 9836000052
Email: cs@aesthetik.in
Website: http://www.aesthetik.in/
Aesthetik Engineers IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php