IPO Details
Bidding Dates
08 Aug '24 - 12 Aug '24
Minimum Investment
₹1,16,000 / 1 Lot (2,000 Shares)
Price Range
₹55 - ₹58
Maximum Investment
₹1,16,000 / 1 Lot (2,000 Shares)
Retail Discount
To be announced
Issue Size
₹26.47 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 8, 2024
IPO Close Date
Aug 12, 2024
Basis of Allotment
Aug 13, 2024
Initiation of Refunds
Aug 14, 2024
Credit of Shares to Demat
Aug 14, 2024
Listing Date
Aug 16, 2024
Cut-off time for UPI mandate confirmation
Aug 5, 2024
Aesthetik Engineers IPO Subscription Details
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
Day 1Aug 8, 2024 |
4.50x | 23.43x | 40.23x | 26.43x |
Day 2Aug 9, 2024 |
5.24x | 45.64x | 81.11x | 51.85x |
About Aesthetik Engineers Limited
Aesthetik Engineers Limited, founded in 2003, specialises in the design, engineering, fabrication, and installation of façade systems, aluminium doors and windows, railings and staircases, and Glassfibre Reinforced Concrete (GFRC). Serving various industries such as hospitality, residential, commercial, and infrastructure projects, the company offers end-to-end solutions from design to installation.
Based in Kolkata, Aesthetik Engineers operates a 3,000-square-meter production facility in Howrah. The company emphasises quality and performance in its products, which are resistant to heat, UV rays, rain, dust, noise, and other elements. The company has executed numerous projects across West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat, catering to commercial complexes, residential buildings, airports, and malls.
Aesthetik Engineers collaborates with recognised domestic and international suppliers to ensure timely material supply. The company's standardised operating processes for design, fabrication, and installation ensure consistency, quality control, and efficiency. With over two decades of experience, the company is distinguished by its high-quality, cost-effective solutions that meet both national and international standards. As of June 30, 2024, Aesthetik Engineers employs 52 permanent staff, reflecting its robust in-house capabilities in engineering, design, fabrication, and material development.
Industry Outlook:
- The Interim Budget 2024-25 boosts infrastructure investment by 11.1% to ₹11.11 lakh crore (US$ 133.86 billion), accounting for 3.4% of GDP.
- India's logistics market, valued at US$ 317.26 billion in 2024, is projected to reach US$ 484.43 billion by 2029, with an 8.8% CAGR.
Aesthetik Engineers Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital Expenditure Requirement of the Company;
- Working Capital requirements of the Company;
- General Corporate Purposes and
- Issue Expenses.
Peer Details
Aesthetik Engineers Limited considers Innovators Facade Systems Ltd as the only listed company in India or abroad as its peers.
How to Check the Allotment Status of the Aesthetik Engineers Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Aesthetik Engineers Limited IPO
- Registered office: 1858/1, 5th Floor, Unit 503-505, Acropolis Mall, Rajdanga Main Road, Kasba, Kolkata, West Bengal-700107, India
- Phone: +91 9836000052
- E-mail: cs@aesthetik.in
IPO Financials
Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
---|---|---|---|
Revenue From Operations (in ₹ lakh) | 6,072.03 | 4,000.97 | 2,573.91 |
Profit After Tax (PAT) (in ₹ lakh) | 502.98 | 112.58 | (45.12) |
Cash & Cash Equivalents (in ₹ lakh) | 135.15 | 26.09 | 30.42 |
Net Worth (in ₹ lakh) | 1,502.40 | 999.41 | 886.83 |
Debt to Equity Ratio(x) | 0.57 | 0.59 | 0.45 |
Return on Equity (%) | 0.40% | 0.12% | (0.00)% |
Return on Capital Employed (RoCE) (%) | 0.37% | 0.18% | 0.08% |
Earning Per Share (EPS)-in absolute ₹ | 3.97 | 13.34 | (5.35) |
Know before investing
Strengths
6-
Experienced team led by the promoter with 20+ years in the industry.
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Dedicated logistics ensure seamless operations across India.
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Adherence to global quality standards for product excellence.
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Advanced Italian machinery enhances fabrication efficiency and quality.
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In-house testing reduces fabrication time and costs.
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Stable customer base with longstanding government contracts.
Risks
6-
Legal proceedings risk potential liabilities totalling ₹11,62,48,150.
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Certification failures may impact business and operations adversely.
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Registered office and factory premises rented, not owned.
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Seasonal factors and monsoons disrupt operations and project timelines.
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Significant revenue concentration in West Bengal at 86.52%.
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Negative cash flows from operations, investing, and financing activities.
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Aesthetik Engineers IPO FAQs
Aesthetik Engineers Limited IPO is a book-built IPO. The IPO will be open from August 8, 2024, to August 12, 2024.
The Basis of Allotment will happen on Tuesday, August 13, 2024.
The IPO subscription window will open on August 8, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.
The listing date for Aesthetik Engineers is Friday, August 16, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.