·        Aesthetik Engineers IPO is a book-built issue of Rs 26.47 crores.

·        This upcoming IPO bidding opens on August 8 and closes on August 12, 2024.

·        Aesthetik Engineers SME IPO price is set at Rs 55 - Rs 58 per share.

·        The minimum investment required is Rs 1,16,000.

Aesthetik Engineers IPO: Synopsis

Aesthetik Engineers IPO is open for subscription starting Thursday, August 8, 2024, and closing on Monday, August 12, 2024. This upcoming IPO's price is Rs 55 to Rs 58 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. 

The minimum investment required for retail category investors is Rs 1,16,000 (58 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,32,000 (58 x 4000 shares). 

Aesthetik Engineers IPO is a book-built issue of Rs 26.47 crores. This upcoming IPO’s fresh issue of 45.64 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, August 13, 2024.

Aesthetik Engineers IPO will be listed on NSE SME on Friday, August 16, 2024. Narnolia Financial Services Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar, and Nikunj Stock Brokers is the market maker for this IPO.

Checkout the Video to Know the Interesting Facts of Aesthetik Engineers IPO

Aesthetik Engineers Limited was founded in 2003, engaged in the business of interior design services and is involved in designing, manufacturing, and installation of facade systems.

Aesthetik provides design, engineering, fabrication, and installation of architectural facades, aluminium doors and windows as well as railings, stairs and Glassfibre Reinforced Concrete for hospitality, residential, commercial and infrastructure projects. 

The product portfolio of Aesthetik Engineers includes - Doors and windows, Railings and stairs, Glass Fiber Reinforced Concrete. Aesthetik Engineers Limited production facility is located in Howrah, Kolkata, and spans over 3,000 sq. metre. As per latest record, the company had 52 permanent employees. 

Aesthetik Engineers IPO: Objectives 

The funds raised through this offer will be used for the company's capital expenditure needs, working capital needs for the proper functioning of the company, general corporate purposes, and issue expenses.

Aesthetik Engineers IPO: Other Important Details

Time-Table of Aesthetik Engineers IPO

Aesthetik Engineers IPO: Financial Metrics (Amt in Rs Lakhs)

Aesthetik Engineers posted revenue of Rs 6,079.50 lakhs and net profit of Rs 502.99 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 50.64% and net profit increased by 346.76% between the FY ending on 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details 

Promoters of Aesthetik Engineers Limited and Their Holdings

The promoters of Aesthetik Engineers are Avinash Agarwal, Sreeti Agarwal,  Manisha Sureka, and Avinash Agarwal. The promoters' shareholdings before the IPO were 100%, however after the IPO, shareholdings will decline to 73.50%. 

Aesthetik Engineers: Strength of Company

1. Aesthetik Engineers provides interior design services and is involved in designing, manufacturing, and installing facade systems.
2. The company’s fundamentals look strong. Its debt-to-equity ratio is 0.57, and Price to book value is 4.89.
3. Aesthetik Engineers' profit after tax margin stays at 8.28%.

FAQs 

1. What are the details of the Aesthetik Engineers IPO? 

Aesthetik Engineers IPO is a book-built issue of Rs 26.47 crores. This upcoming IPO’s fresh issue of 45.64 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, August 13, 2024.

2. Who are the lead managers for the Aesthetik Engineers IPO?

Narnolia Financial Services Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Skyline Financial Services in this IPO?

Skyline Financial Services Private Limited is the registrar for Aesthetik Engineers Limited, handling the IPO's administrative aspects.

4. How can I apply for the Aesthetik Engineers IPO?

The public subscription of this new IPO will open on August 8, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised? 

The funds raised through this offer will be used for the company's capital expenditure needs, working capital needs for the proper functioning of the company, general corporate purposes, and issue expenses.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Aesthetik Engineers Limited IPO by visiting here. For further updates follow Bigul.