Aztec Fluids and Machinery IPO: Things to Know Before Applying

Aztec Fluids and Machinery IPO is open for subscription starting Friday, May 10, 2024, and closing on Tuesday, May 14, 2024. The price of this upcoming IPO is decided at Rs 63 to Rs 67 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 with 4000 shares. The minimum investment required for retail category investors is Rs 1,34,000 (67 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,000 (67 x 4000 shares). Aztec Fluids and Machinery IPO is a book-built issue of Rs 24.12 crores. This upcoming IPO is a fresh issue of 36 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 15, 2024. Aztec Fluids and Machinery IPO will be listed on BSE SME, and the listing date is fixed on Friday, May 17, 2024. The book-running lead manager of Aztec Fluids and Machinery IPO is Hem Securities Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Hem Finlease.

About Aztec Fluids and Machinery Limited

Aztec Fluids and Machinery was founded in 2010, engaged in the business of providing quality-assured assortment of Printers, Printers consumables and Printer Spares. They provide their services to the diverse range of industries including, personal care, Food & Beverages, Pharmaceuticals, Construction materials, Cables, Metals, Automotive, Agrochemicals etc. The company’s portfolio includes various types of printers – Inkjet printers, Thermal Transfer over printers, drop on demand printers, NIJ printers, laser printers. Other than this, the company also offers printer inks and consumable items such as makeup and cleaning solvent. Aztec Fluids and Machinery exports its products to countries such as Sri Lanka, Bhutan, Bangladesh, Kenya and Nigeria. The company has a registered office in Ahmedabad and a warehouse in Kheda, Gujarat for storing imported printers. As per latest record, the company had a team of 28 employees dedicated to sales and marketing and 51 employees working on sales and support. 

Objectives of Aztec Fluids and Machinery IPO 

The net amount received from this initial public offer will be used to fund the proposed acquisition of equity shares of Jet Inks Private Limited. Also, the fund will be used for repayment of certain borrowings of the company. Additionally, the remaining funds will be used for general corporate purposes.

Financials of Aztec Fluids and Machinery Limited (Amt in Rs Lakhs)

Aztec Fluids and Machinery posted a revenue of Rs 5,182.38 lakhs and net profit of Rs 450.74 lakhs for the period ending on 31 Dec 2023. The company’s revenue increased by 17.46% and PAT increased by 5.18% between the FY ending on March 31, 2023 and March 31, 2022.

Other Important Details of Aztec Fluids and Machinery IPO

Time-Table of Aztec Fluids and Machinery IPO

Lot Size of Aztec Fluids and Machinery IPO

IPO Reservation of Aztec Fluids and Machinery Limited

Key Performance Indicator of Aztec Fluids and Machinery Limited IPO

EPS and P/E Ratio Post IPO

Promoters of Aztec Fluids and Machinery Limited and Their Holdings

The promoters of Aztec Fluids and Machinery company having majority shareholding are Pulin Kumudchandra Vaidhya, Amisha Pulin Vaidhya and Kumudchandra Bhagwandas Vaidya.

Lead Manager(s) of Aztec Fluids and Machinery IPO

The lead manager for Aztec Fluids and Machinery IPO is Hem Securities Limited.

How do you apply for the Aztec Fluids and Machinery IPO?

Wait for the public issue to open for subscription, then click here to apply for the Aztec Fluids and Machinery Limited IPO with Bigul. 

How do you check the allotment status of Aztec Fluids and Machinery IPO?

The registrar for Aztec Fluids and Machinery IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What are the important details of the Aztec Fluids and Machinery IPO?

Aztec Fluids and Machinery IPO is a book-built issue of Rs 24.12 crores. This upcoming IPO is a fresh issue of 36 lakh equity shares. The offer-for-sale component is not available on this issue. The price of this upcoming IPO is decided at Rs 63 to Rs 67 per share. The allotment for this new IPO is expected to be finalised on Wednesday, May 15, 2024.

2. Who are the lead managers for the Aztec Fluids and Machinery Limited IPO?

Hem Securities Limited is appointed as the lead manager for the IPO. 

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Aztec Fluids and Machinery Limited, handling the IPO's administrative aspects. 

4. How can I apply for the Aztec Fluids and Machinery IPO?

The public subscription of this new IPO will open on Friday, May 10, 2024. Click here to initiate the application process.

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

The amount raised from this initial public offer will be utilised to fund the proposed acquisition of equity shares of Jet Inks Private Limited. Also, the fund will be used for repayment of certain borrowings of the company.

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

Investors who applied can check the allotment status of the Aztec Fluids and Machinery Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Aztec Fluids and Machinery Limited?

Aztec Fluids and Machinery revenue increased by 17.46% and PAT increased by 5.18% between the FY ending on 31 March 2023 and 31 March, 2022. The profits and revenue growth is visible on a continuous basis indicates the financial position of the business is good.