Aztec Fluids & Machinery IPO is a book built issue of Rs 24.12 crores. The issue is entirely a fresh issue of 36 lakh shares.
Aztec Fluids & Machinery IPO opens for subscription on May 10, 2024 and closes on May 14, 2024. The allotment for the Aztec Fluids & Machinery IPO is expected to be finalized on Wednesday, May 15, 2024. Aztec Fluids & Machinery IPO will list on BSE SME with tentative listing date fixed as Friday, May 17, 2024.
Aztec Fluids & Machinery IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
Hem Securities Limited is the book running lead manager of the Aztec Fluids & Machinery IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Aztec Fluids & Machinery IPO is Hem Finlease.
Refer to Aztec Fluids & Machinery IPO RHP for detailed information.
Aztec Fluids & Machinery IPO Details
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹24.12 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹24.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,600,000 |
| Market Maker portion | 182,000 shares Hem Finlease |
Aztec Fluids & Machinery IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More than 50% of the Net Issue |
| Retail Shares Offered | Not Less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Aztec Fluids & Machinery IPO Timeline (Tentative Schedule)
Aztec Fluids & Machinery IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Aztec Fluids & Machinery 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 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
Aztec Fluids & Machinery IPO Promoter Holding
The promoters of the company are Pulin Kumudchandra Vaidhya, Amisha Pulin Vaidhya and Kumudchandra Bhagwandas Vaidya.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Aztec Fluids & Machinery Limited
Founded in April 2010, Aztec Fluids & Machinery Limited provides a quality-assured assortment of Printers, Printer consumables, and Printer Spares to a diverse range of 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 range of products includes various types of printers, namely continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers), and laser printers. Additionally, the company offers printer inks and consumable items such as makeup and cleaning solvents.
The company exports its products to countries such as Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria.
The company has its registered office in Ahmedabad and a warehouse in Kheda, Gujarat for storing imported printers.
As of December 31, 2023, The company had a team of 28 employees dedicated to sales and marketing, and 51 employees dedicated to after-sales service and support at client locations.
Aztec Fluids & Machinery Limited Financial Information (Restated)
Aztec Fluids & Machinery Limited’s revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,287.00 | 3,090.06 | 2,707.75 | 2,112.81 |
| Revenue | 5,182.38 | 5,452.97 | 4,642.56 | 3,467.75 |
| Profit After Tax | 450.74 | 327.38 | 311.25 | 246.28 |
| Net Worth | 1,986.34 | 1,535.60 | 1,238.56 | 958.92 |
| Reserves and Surplus | 986.34 | 1,335.60 | 1,237.56 | 957.92 |
| Total Borrowing | 565.95 | 562.31 | 552.40 | 514.34 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Aztec Fluids & Machinery IPO is Rs 91.12 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.60% |
| ROCE | 25.38% |
| Debt/Equity | 0.28 |
| RoNW | 22.69% |
| P/BV | 3.37 |
| PAT Margin (%) | 8.85 |
Check Aztec Fluids & Machinery IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.27 | 4.42 |
| P/E (x) | 20.47 | 15.16 |
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, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Aztec Fluids & Machinery IPO Objectives)
The company intend to utilize the proceeds of the net issue to meet the following objects:
- 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 Prospectus
Aztec Fluids & Machinery Limited Contact Details
Aztec Fluids & Machinery Limited
Part H Plinth,4th Floor,
Takshashila Square, Near Krishnabag Four Rd
Maninagar, Ahmedabad,-380028
Phone: +91-7048333211
Email: cs@aztecfluids.com
Website: http://www.aztecindia.org/
Aztec Fluids & Machinery IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html