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Aesthetik Engineers Limited IPO (Aesthetik Engineers IPO) Detail

August 8, 2024 - August 12, 2024

Aesthetik Engineers IPO is a book built issue of Rs 26.47 crores. The issue is entirely a fresh issue of 45.64 lakh shares.

Aesthetik Engineers IPO bidding started from August 8, 2024 and ended on August 12, 2024. The allotment for Aesthetik Engineers IPO was finalized on Tuesday, August 13, 2024. The shares got listed on NSE SME on August 16, 2024.

Aesthetik Engineers IPO price band is set at ₹55 to ₹58 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹116,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹232,000.

Narnolia Financial Services Ltd is the book running lead manager of the Aesthetik Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aesthetik Engineers IPO is Nikunj Stock Brokers.

Refer to Aesthetik Engineers IPO RHP for detailed information.

Aesthetik Engineers IPO Details

IPO Date August 8, 2024 to August 12, 2024
Listing Date August 16, 2024
Face Value ₹10 per share
Price Band ₹55 to ₹58 per share
Lot Size 2000 Shares
Total Issue Size4,564,000 shares
(aggregating up to ₹26.47 Cr)
Fresh Issue4,564,000 shares
(aggregating up to ₹26.47 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue12,656,175
Share holding post issue17,220,175
Market Maker portion232,000 shares
Nikunj Stock Brokers

Aesthetik Engineers IPO Reservation

Aesthetik Engineers IPO offers 45,64,000 shares. 8,66,000 (18.97%) to QIB, 6,52,000 (14.29%) to NII, 15,18,000 (33.26%) to RII and 12,96,000 (28.4%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered12,96,000 (28.4%)
Market Maker Shares Offered2,32,000 (5.08%)
QIB Shares Offered8,66,000 (18.97%)
NII (HNI) Shares Offered6,52,000 (14.29%)
Retail Shares Offered15,18,000 (33.26%)
Total Shares Offered45,64,000 (100%)

Aesthetik Engineers IPO Anchor Investors Details

Aesthetik Engineers IPO raises Rs 7.52 crore from anchor investors. Aesthetik Engineers IPO Anchor bid date is August 7, 2024. Aesthetik Engineers IPO Anchor Investors list

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 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 Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹116,000
Retail (Max) 1 2000 ₹116,000
HNI (Min) 2 4,000 ₹232,000
Lot Size Calculator

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:

  1. Façade: structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminum louvers and canopies/skylights/domes.
  2. Doors and windows: supply of products and services for the planning and installation of doors and windows.
  3. Railings and stairs: Provision of services for the design and installation of railings and stairs.
  4. 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 Ended31 Mar 202431 Mar 2023
Assets3,088.942,457.77
Revenue6,079.504,035.82
Profit After Tax502.99112.59
Net Worth1,502.41999.42
Total Borrowing849.92592.47
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Aesthetik Engineers IPO is Rs 99.88 Cr.

KPI as of March 31, 2024.

KPI Values
ROE33.48%
ROCE37.32%
Debt/Equity0.57
RoNW33.48%
P/BV4.89
PAT Margin (%)8.28
Pre IPO Post IPO
EPS (Rs) 3.972.92
P/E (x) 14.5919.86
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Aesthetik Engineers IPO Objectives)

The company proposes to utilize the net proceeds from the issue towards the following objectives:

  1. To meet out the Capital Expenditure Requirement of the Company;
  2. To meet out the Working Capital requirements of the Company;
  3. To meet out the General Corporate Purposes; and
  4. To meet out the Issue Expenses.

Aesthetik Engineers IPO Review (Apply)

[Dilip Davda]  The company is one of the leading organized player in façade and aluminium doors/windows, GRC related contracts/services. It marked growth in its top and bottom lines for the reported periods. The company has ongoing projects worth Rs. 67+ cr. on hand as of March 31, 2024. Considering its financial performance and future prospects, investors may park funds for the medium to long term. Read detail review...


Aesthetik Engineers IPO Subscription Status (Bidding Detail)

The Aesthetik Engineers IPO is subscribed 705.26 times on August 12, 2024 6:19:59 PM. The public issue subscribed 461.58 times in the retail category, 207.31 times in the QIB category, and 1,933.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB207.31
NII1,933.96
Retail461.58
Total705.26

Total Application : 350,343 (461.58 times)

Aesthetik Engineers IPO Prospectus

Aesthetik Engineers IPO Rating

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Rating:Rated 3.5 stars
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Aesthetik Engineers IPO Listing Details

Listing Date August 16, 2024
BSE Script Code
NSE Symbol AESTHETIK
ISIN INE0TSF01011
Final Issue Price ₹58 per share

Pre-Open Session - NSE

Aesthetik Engineers Limited Contact Details

Aesthetik Engineers Limited
1858/1, 5th Floor, Unit 503-505,
Acropolis Mall, Rajdanga Main Road,
Kasba, Kolkata - 700107
Phone: +91 9836000052
Email: cs@aesthetik.in
Website: http://www.aesthetik.in/

Aesthetik Engineers IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Aesthetik Engineers IPO - Buy or Not

Aesthetik Engineers IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Aesthetik Engineers IPO FAQs

Aesthetik Engineers IPO is a SME IPO of 4,564,000 equity shares of the face value of ₹10 aggregating up to ₹26.47 Crores. The issue is priced at ₹55 to ₹58 per share. The minimum order quantity is 2000 Shares.

The IPO opens on August 8, 2024, and closes on August 12, 2024.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Aesthetik Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Aesthetik Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Aesthetik Engineers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Aesthetik Engineers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Aesthetik Engineers IPO opens on August 8, 2024 and closes on August 12, 2024.

Aesthetik Engineers IPO lot size is 2000 Shares, and the minimum amount required is ₹116,000.

You can apply in Aesthetik Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Aesthetik Engineers IPO will be done on Tuesday, August 13, 2024, and the allotted shares will be credited to your demat account by Wednesday, August 14, 2024. Check the Aesthetik Engineers IPO allotment status.

The Aesthetik Engineers IPO listing date is on August 16, 2024.
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