Aesthetik Engineers Limited IPO
- IPO Date08 Aug, 2024 to 12 Aug, 2024
- Listing Date16 Aug, 2024
- Face Value₹10 per share
- Issue Price₹55 to ₹58 per share
- Lot Size2000 Shares
- Minimum Investment₹1,16,000
- Listing AtNSE SME
- Total Issue Size45,64,000 Shares
(aggregating up to ₹26.47 Cr) - Fresh Issue45,64,000 Shares
(aggregating up to ₹26.47 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,26,56,175
- Shareholding post issue1,72,20,175
IPO Dates
Closing Date
12 Aug, 2024
Initiation of Refunds
14 Aug, 2024
Listing Date
16 Aug, 2024
08 Aug, 2024
Opening Date
13 Aug, 2024
Basis of Allotment
14 Aug, 2024
Credit of Shares
Aesthetik Engineers Limited 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 | ₹1,16,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,32,000 |
| Retail (Max) | 1 | 2000 | ₹1,16,000 |
| S-HNI (Max) | - | - | - |
Aesthetik Engineers Limited Promoter Holding
Mr. Avinash Agarwal, Ms. Sreeti Agarwal, Ms. Manisha Sureka, and M/s Avinash Agarwal (HUF) are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.5% |
Aesthetik Engineers Limited COMPANY INFORMATION
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 opens for subscription on August 8, 2024 and closes 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.
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 IPO Analysis
Company Overview
Aesthetik Engineers Limited, formerly known as Aesthetik Engineers Private Limited, specializes in providing top-notch engineering services and solutions. With a strong commitment to quality and innovation, the company has carved a niche in the competitive engineering sector.
Financial Performance
The company has shown a commendable growth trajectory, with equity attributable to owners increasing significantly from March 2023 to March 2024. This growth reflects the company’s robust financial health and efficient capital management strategies.
Risk Factors
Investing in Aesthetik Engineers Limited involves certain risks, primarily due to ongoing legal proceedings and dependency on obtaining crucial certifications. Additionally, the company operates from rented premises, which might pose operational risks.
Legal Proceedings
Aesthetik Engineers Limited is engaged in various legal disputes that, if resolved unfavorably, could impact the company's financial standing and reputation.
Certification Dependencies
The company’s operations rely heavily on obtaining and maintaining several quality certifications and passing specific tests, essential for ensuring product and service standards.
Premises Ownership
The company's registered office and factory premises are rented, which might lead to operational challenges and uncertainties related to lease agreements.
Capital Structure
Aesthetik Engineers Limited employs a strategic approach to capital management, aiming to maximize shareholder value. The company maintains a healthy capital ratio, demonstrating its commitment to financial stability and growth.
Pros and Cons
Pros
- Consistent Financial Growth: The company has shown robust financial performance, indicating strong business fundamentals.
- Capital Management: Effective strategies in place to maximize shareholder value and maintain a healthy capital structure.
- Market Position: Established presence in the engineering services industry with a focus on high-quality standards.
Cons
- Legal Risks: Ongoing legal proceedings could potentially affect the company's operations and financial health.
- Certification Dependencies: The company’s reliance on quality certifications and tests is critical for its operations.
- Premises Ownership: Operating from rented premises poses certain operational risks and uncertainties.
Conclusion
Aesthetik Engineers Limited's IPO presents a promising investment opportunity, backed by strong financial performance and strategic capital management. However, potential investors should carefully consider the associated risks, including legal proceedings and dependencies on certifications.
FAQs About Aesthetik Engineers Limited Ipo
Aesthetik Engineers Limited IPO will open on 08 Aug, 2024 and close on 12 Aug, 2024. Investors must apply within this period to participate.
The Aesthetik Engineers Limited IPO price band is set between ₹55.00 and ₹58.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹116000.00.
The Aesthetik Engineers Limited IPO shares are expected to be listed on 16 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Aesthetik Engineers Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Aesthetik Engineers Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.