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Aztec Fluids & Machinery Limited IPO
Aztec Fluids & Machinery Limited, a leading manufacturers, exporter and suppliers of a quality assured assortment of Printers, Printer consumables and Printer Spares. Their product range includes Continuous Inkjet (CIJ), Thermal Transfer Overprint (TTO), Drop on Demand (DOD) and Laser printers. These products are highly acclaimed by their clients, based in the markets of the Indian Subcontinent, East Asia, Middle East and south-east Asia, for their distinguished features like supreme quality, excellent performance, long functional life and easy operations. It is managed by a team of highly experienced professionals, which ensures systematic execution of all the processes.
Moreover, it is segregated into three major departments-manufacturing, quality control and warehousing & packaging. In addition, inspection of these departments is timely done, in order to ensure smooth execution of all the operations. 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 price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. 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.
Aztec Fluids & Machinery IPO Overview
| Detail | Description |
|---|---|
| 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 Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
Aztec Fluids & Machinery IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,022,000 (28.39%) |
| Market Maker Shares Offered | 182,000 (5.06%) |
| QIB Shares Offered | 684,000 (19.00%) |
| NII (HNI) Shares Offered | 514,000 (14.28%) |
| Retail Shares Offered | 1,198,000 (33.28%) |
| Total Shares Offered | 3,600,000 (100%) |
Aztec Fluids & Machinery IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Aztec Fluids & Machinery IPO Anchor Investors Details
| Bid Date | May 9, 2024 |
| Shares Offered | 1,022,000 |
| Anchor Portion Size (In Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2024 |
Company & Financials
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 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. Since 2015, AFML is an exclusive distributor of Lead Tech (Zhuhai) Electronic Co. Ltd., China for CIJ Printers, TTO Printers and a range of associated equipment and accessories for various countries such as India, Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria. The other types of printers such as DOD and NIJ are imported by it from other foreign suppliers. After import of printers, based on the customers' requirements the company carries out certain functions such as printer configuration & stand installation on printers. It also carries the necessary testing and trial run to check the desired output of printers.
Aztec Fluids & Machinery Limited Financial Information
| 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
| KPI | Values |
|---|---|
| ROE | 25.60% |
| ROCE | 25.38% |
| Debt/Equity | 0.28 |
| RoNW | 22.69% |
| P/BV | 3.37 |
| PAT Margin (%) | 8.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.27 | 4.42 |
| P/E (x) | 20.47 | 15.16 |
Objectives of Aztec Fluids & Machinery IPO
The company intend to utilize the proceeds of the net issue to meet the following objectives:
- 1. Funding of the proposed acquisition of equity shares of Jet Inks Private Limited.
- 2. Repayment of a portion of certain borrowing availed by the Company.
- 3. General Corporate Purpose.
Aztec Fluids & Machinery IPO Review
The company is operating in a highly competitive and fragmented segment of printers, variety of inks and related services. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards.
FAQs for Aztec Fluids & Machinery IPO
-
What Is The Allotment Date Of Aztec Fluids & Machinery?
The allotment date of the Aztec Fluids & Machinery IPO is May 15, 2024.
-
What Is The Price Band Of The Aztec Fluids & Machinery IPO?
The price band of the issue is INR 63-67 per share.
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What Is The Size Of The Aztec Fluids & Machinery IPO?
The offer size of Aztec Fluids & Machinery Limited is INR 24.12 crores, consisting of a fresh issue of 36,00,000 shares. The company seeks funds to acquire Jet Inks, repay borrowing, and fulfill general corporate objectives.
-
What Is The Listing Date Of The Aztec Fluids & Machinery IPO?
The listing date of Aztec Fluids & Machinery IPO is May 17, 2024.
DRHP:
DRHP of Aztec Fluids & Machinery Limited IPO
Anchor Investor Link:
Anchor Investor Link of Aztec Fluids & Machinery Limited IPO
-
What Is The Allotment Date Of Aztec Fluids & Machinery?
The allotment date of the Aztec Fluids & Machinery IPO is May 15, 2024.
-
What Is The Price Band Of The Aztec Fluids & Machinery IPO?
The price band of the issue is INR 63-67 per share.
-
What Is The Size Of The Aztec Fluids & Machinery IPO?
The offer size of Aztec Fluids & Machinery Limited is INR 24.12 crores, consisting of a fresh issue of 36,00,000 shares. The company seeks funds to acquire Jet Inks, repay borrowing, and fulfill general corporate objectives.
-
What Is The Listing Date Of The Aztec Fluids & Machinery IPO?
The listing date of Aztec Fluids & Machinery IPO is May 17, 2024.
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