Aesthetik Engineers was incorporated on April 02, 2008. The company is engaged in the business of designing, engineering, fabricating, and installation of facade systems. It offers a wide range of products and services cater to various industries such as hospitality, residential, commercial, and infrastructure projects.
| Bidding Dates |
|---|
| 08 Aug 2024 - 12 Aug 2024 |
| Subscription |
|---|
| 663.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,000 | 1 | 1 | 2000 | 4.6 M | ₹55 - ₹58 | 73.5 % | ₹251.0 M - ₹264.7 M | RHP DOC |
Aesthetik Engineers IPO SUBSCRIPTION STATUS
12 Aug '24Aesthetik Engineers IPO overall subscription rate was 663.27 times the total available shares
Aesthetik Engineers IPO retail subscription rate was 633.35 times in the retail segment
Aesthetik Engineers IPO non-institutional investor subscription rate was 2577.72 times in the non-institutional investor category
Aesthetik Engineers IPO Qualified Institutional Bidder subscription rate was 109.87 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Aug 2024 (Day 2) | 633.35x | 2577.72x | 109.87x |
08 Aug 2024 (Day 1) | 106.28x | 60.91x | 2.78x |
Aesthetik Engineers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 50.3 | 607.2 | 16.6 | 9.5 | 12.7% |
| FY23 | 11.3 | 400.1 | 33.4 | 31.5 | 5.1% |
| FY22 | -4.5 | 257.4 | 13.1 | 11.5 | 4.5% |
Aesthetik Engineers IPO SUBSCRIPTION STATUS DETAILS
Aesthetik Engineers had 4.6 M shares on offer
Aesthetik Engineers IPO offer price was in the range ₹55 - ₹58
Aesthetik Engineers IPO minimum Investment was ₹110000
Aesthetik Engineers IPO issue size was ₹ 251.0 M - ₹ 264.7 M
Aesthetik Engineers had a minimum lot size of 2000 Shares per application
Aesthetik Engineers NUMBER OF SHARES ON OFFER
Aesthetik Engineers IPO IMPORTANT DATES
| Issue Open Date | 08 Aug 2024 |
| Issue close Date | 12 Aug 2024 |
| Allotment Date | 13 Aug 2024 |
| Refund Date | 14 Aug 2024 |
| Demat Account Credit Date | 14 Aug 2024 |
| Listing Date | 16 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Aesthetik Engineers Allotment Status | Exchange |
Aesthetik Engineers IPO subscription opened on 08 Aug 2024, and closed on 12 Aug 2024
IPO allotment for Aesthetik Engineers was finalized on Tuesday, 13 Aug 2024
IPO listing for Aesthetik Engineers was on NSE on Friday, 16 Aug 2024
Aesthetik Engineers IPO LISTING GAINS
| Issue Price (adjusted) | 58.0 |
| Listing Open Price | 110.2 |
| Listing Close Price | 115.7 |
| Listing Gain% | 90.0% |
| Current Gain% | 29.2% |
Aesthetik Engineers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aesthetik Engineers Ltd. | 75 | 129.1 | 18.1 | 0.7 | 1.1 | 14.2 | 7.8 | 119.1 | 77.5 | 7.1 | 26.2 | 4.1 | 26.2 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Aesthetik Engineers INFORMATION ON IPO ISSUE
About Aesthetik Engineers
Aesthetik Engineers was incorporated on April 02, 2008. The company is engaged in the business of designing, engineering, fabricating, and installation of facade systems. It offers a wide range of products and services cater to various industries such as hospitality, residential, commercial, and infrastructure projects.
Object of the Issue
- To meet the capital expenditure requirements of the company
- To meet the working capital requirements of the company
- General corporate purposes
- To meet the issue expenses
Aesthetik Engineers - PROMOTERS
| Name |
|---|
| Avinash Agarwal |
| Sreeti Agarwal |
| Manisha Sureka |
| Avinash Agarwal HUF |
Aesthetik Engineers Lead Manager of the Issue
NARNOLIA FINANCIAL SERVICES LIMITED
pankaj.passi@narnolia.com
Aesthetik Engineers Registrar to the issue
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
compliances@skylinerta.com
Aesthetik Engineers Strengths
Stable customer base
The company's focus on maintaining quality has helped in building strong relationships with its clients. It has gained invaluable experience in assisting its customers by incorporating the latest technologies, and efficiently utilising the processing facility, equipment, and materials.
Advance machineries and product technologies
The company has procured most of its machinery for the fabrication and assembly of quality products. It has procured Italian fabrication technology and machinery, such as dedicated precision punching technology, double-head cutting machines, copy routers, etc.
Aesthetik Engineers Risks
Seasonal business
The company's business is subject to seasonal and other environmental factors, particularly the monsoon season in the second quarter of each fiscal year, which can adversely affect its business and the result of operations.
Geographically concentrated
A significant portion of the company's revenue is concentrated in West Bengal. Any factors relating to political and geographical changes, or any change in the demand for our service by customers of these states may adversely affect its ability to retain them.
Dependent on third-party services
Certain projects require the products and services of third parties, including suppliers and subcontractors. Factors like availability, skill, and external contingencies like labor shortages or strikes can impact its projects.
IPO FAQs
The promoters of the company are Avinash Agarwal, Sreeti Agarwal, Manisha Sureka and Avinash Agarwal HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 55.0 - 58.0.
The IPO application opens on Aug 08, 2024 and closes on Aug 12, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Aug 13, 2024.
The refund will be credited to your account on Aug 14, 2024.
The allotted shares will be credited to your demat on Aug 14, 2024.
Aesthetik Engineers Ltd.’s shares listed on the stock exchanges on Aug 16, 2024.