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Aesthetik Engineers Limited IPO And Its GMP
Our Company is engaged in the business of designing, engineering, fabricating and installation of facade systems. Our portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GRC). We offer a wide range of products and services to meet the demands of our customers who belong to various industries such as Hospitality, Architecture and Infrastructure.
We execute end-to-end solutions of our offerings i.e. from designing of façade to the installation of the facade at the site. Our Company has a factory situated at Howrah, Kolkata which is being used for the fabrication and assembly of our products with emphasis on quality and performance which are resistant against UV rays, rains, dust, noise and other substances.
Issue Size: ₹26.47 crores
Issue Composition: Fresh issue of 45.64 lakh shares
IPO Opening Date: August 8, 2024
IPO Closing Date: August 12, 2024
Allotment Date: August 13, 2024
Listing Date: August 16, 2024 (tentative)
Price Band: ₹55 to ₹58 per share
Minimum Lot Size: 2,000 shares
Minimum Investment for Retail Investors: ₹116,000
Minimum Investment for HNI: 4,000 shares (2 lots) amounting to ₹232,000
Lead Manager: Narnolia Financial Services Ltd
Registrar: Skyline Financial Services Private Ltd
Market Maker: Nikunj Stock Brokers
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Aesthetik Engineers SME IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 16-08-2024 | 58.00 | 45.0 (78%) | 16-Aug-2024 12:25 |
| 14-08-2024 | 58.00 | 45.0 (78%) | 14-Aug-2024 12:50 |
| 13-08-2024 | 58.00 | 45.0 (78%) | 13-Aug-2024 13:30 |
| 12-08-2024 | 58.00 | 36.0 (62%) | 12-Aug-2024 12:30 |
| 10-08-2024 | 58.00 | 25.0 (43%) | 10-Aug-2024 12:02 |
| 09-08-2024 | 58.00 | 25.0 (43%) | 9-Aug-2024 11:02 |
| 08-08-2024 | 58.00 | 25.0 (43%) | 8-Aug-2024 11:02 |
| 07-08-2024 | 58.00 | 38.0 (66%) | 7-Aug-2024 11:02 |
| 06-08-2024 | 58.00 | 58.0 (100%) | 6-Aug-2024 10:10 |
| 05-08-2024 | 58.00 | 58.0 (100%) | 5-Aug-2024 12:14 |
| 03-08-2024 | 58.00 | 58.0 (100%) | 3-Aug-2024 12:12 |
| 02-08-2024 | 58.00 | 58.0 (100%) | 2-Aug-2024 9:32 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Aesthetik Engineers IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 12,656,175 |
| Shareholding post issue | 17,220,175 |
Aesthetik Engineers IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4,000 | ₹232,000 |
Aesthetik Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Aesthetik Engineers IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Aesthetik Engineers IPO Anchor Investors Details
| 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 |
Company & Financials
Established 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:
- 1. Façade: structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminium louvres and canopies/skylights/domes.
- 2. Doors and windows: supply of products and services for the planning and installation of doors and windows.
- 3. Railings and stairs: Provision of services for the design and installation of railings and stairs.
- 4. Glass Fiber Reinforced Concrete (GFRC).
The company's production facility is located in Howrah, Kolkata and spans over 3,000 square meters.
Aesthetik Engineers Limited Financial Information
| 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
| KPI | Values |
|---|---|
| ROE | 33.48% |
| ROCE | 37.32% |
| Debt/Equity | 0.57 |
| RoNW | 33.48% |
| P/BV | 4.89 |
| PAT Margin (%) | 8.28 |
Objectives of Aesthetik Engineers IPO
The company proposes to utilize the net proceeds from the issue towards the following objectives:
- 1. To meet the Capital Expenditure Requirement of the Company.
- 2. To meet the Working Capital requirements of the Company.
- 3. To meet out the General Corporate Purposes.
- 4. To meet out the Issue Expenses.
Aesthetik Engineers IPO Review
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.
FAQs for Aesthetik Engineers IPO
-
What is Aesthetik Engineers IPO?
Aesthetik Engineers IPO is a main-board IPO. They are going to raise ₹26.47 Crores via IPO. The issue is priced at ₹55 to ₹58 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Aesthetik Engineers IPO open?
The IPO is to open on August 8, 2024 for QIB, NII and Retail Investors.
-
What is Aesthetik Engineers IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is Aesthetik Engineer's IPO Size?
Aesthetik Engineers IPO size is ₹26.47 crores.
-
What is Aesthetik Engineers IPO Price Band?
Aesthetik Engineers IPO Price Band is ₹55 to ₹58.
-
What is Aesthetik Engineers IPO Minimum and Maximum Lot Size?
The minimum bid is 2000 Shares with ₹116,000 amount while the maximum bid is 4000 shares with ₹232,000.
-
What is Aesthetik Engineer's IPO Allotment Date?
Aesthetik Engineer's IPO allotment date is August 13, 2024.
-
What is the Aesthetik Engineers IPO Listing Date?
Aesthetik Engineers IPO listing date is August 16, 2024 (tentative). The IPO is to be listed on BSE and NSE.
-
What is the current GMP of the Aesthetik Engineers?
The current GMP of Aesthetik Engineers IPO is 45.0 (78%).
RHP:
RHP of Aesthetik Engineers Limited IPO
DRHP:
DRHP of Aesthetik Engineers Limited IPO
-
What is Aesthetik Engineers IPO?
Aesthetik Engineers IPO is a main-board IPO. They are going to raise ₹26.47 Crores via IPO. The issue is priced at ₹55 to ₹58 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Aesthetik Engineers IPO open?
The IPO is to open on August 8, 2024 for QIB, NII and Retail Investors.
-
What is Aesthetik Engineers IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is Aesthetik Engineer's IPO Size?
Aesthetik Engineers IPO size is ₹26.47 crores.
-
What is Aesthetik Engineers IPO Price Band?
Aesthetik Engineers IPO Price Band is ₹55 to ₹58.
-
What is Aesthetik Engineers IPO Minimum and Maximum Lot Size?
The minimum bid is 2000 Shares with ₹116,000 amount while the maximum bid is 4000 shares with ₹232,000.
-
What is Aesthetik Engineer's IPO Allotment Date?
Aesthetik Engineer's IPO allotment date is August 13, 2024.
-
What is the Aesthetik Engineers IPO Listing Date?
Aesthetik Engineers IPO listing date is August 16, 2024 (tentative). The IPO is to be listed on BSE and NSE.
-
What is the current GMP of the Aesthetik Engineers?
The current GMP of Aesthetik Engineers IPO is 45.0 (78%).
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