Aesthetik Engineers IPO is a book built issue of 45.64 lakh shares. The issue is entirely a fresh issue of 45.64 lakh shares.
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 bands are yet to be announced.
Aesthetik Engineers IPO Details
| IPO Date | August 8, 2024 to August 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 4,564,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 4,564,000 shares (aggregating up to ₹[.] 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 Nikunj Stock Brokers |
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 Timeline (Tentative Schedule)
Aesthetik Engineers IPO opens on August 8, 2024, and closes on August 12, 2024.
| 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 Promoter Holding
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% |
About Aesthetik Engineers Limited
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 Financial Information (Restated Consolidated)
Aesthetik Engineers Limited’s revenue increased by 50.64% and profit after tax (PAT) rose by 346.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||
Objects of the Issue (Aesthetik Engineers IPO Objectives)
The company proposes to utilize the net proceeds from the issue towards the following objectives:
- To meet out the Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.