Aesthetik Engineers is launching an IPO with a book-built issue totaling Rs 26.47 crores. This includes a fresh issue of 45.64 lakh shares, with no offer for sale.
The IPO subscription period is from August 8, 2024, to August 12, 2024. The allotment is expected to be finalized on August 13, 2024, and the shares will list on the NSE SME on August 16, 2024.
The price band for Aesthetik Engineers’ IPO is set between ₹55 and ₹58 per share. The minimum application size is 2000 shares, requiring a retail investment of ₹116,000. High Net Worth Investors (HNIs) must invest in at least 2 lots (4,000 shares), amounting to ₹232,000.
- Book Running Lead Manager – Narnolia Financial Services Ltd
- Registrar of the Issue – Skyline Financial Services Private Ltd
- Market Maker – Nikunj Stock Brokers.
Below are the details of Aesthetik Engineers Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Aesthetik Engineers Limited IPO Details
| 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 |
| Share holding pre issue | 12,656,175 |
| Share holding post issue | 17,220,175 |
| Market Maker portion | 232,000 shares |
Aesthetik Engineers IPO Timeline
| 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 Limited IPO Promoters
Mr. Avinash Agarwal, Ms. Sreeti Agarwal, Ms. Manisha Sureka, and M/s Avinash Agarwal (HUF) are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Aesthetik Engineers Limited Anchor Investors
| 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 |
Aesthetik Engineers IPO 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 | ||
Aesthetik Engineers Limited IPO Review
Founded in 2003, Aesthetik Engineers Limited specializes in interior design services and the design, manufacture, and installation of façade systems.
The company offers comprehensive services in the 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.
Aesthetik Engineers’ product portfolio includes:
- Façade: Structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminum louvers, and canopies/skylights/domes.
- Doors and windows: Supply and installation of doors and windows.
- Railings and stairs: Design and installation services for railings and stairs.