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Aztec Fluids & Machinery IPO is a book built issue of Rs 24.12 crores. The issue is entirely a fresh issue of 36 lakh shares.
Aztec Fluids & Machinery IPO bidding started from May 10, 2024 and ended on May 14, 2024. The allotment for Aztec Fluids & Machinery IPO was finalized on Wednesday, May 15, 2024. The shares got listed on BSE SME on May 17, 2024.
Aztec Fluids & Machinery IPO price band is set at ₹63 to ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
Hem Securities Limited is the book running lead manager of the Aztec Fluids & Machinery IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Aztec Fluids & Machinery IPO is Hem Finlease.
Refer to Aztec Fluids & Machinery IPO RHP for detailed information.
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹24.12 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹24.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,600,000 |
| Market Maker portion | 182,000 shares Hem Finlease |
Aztec Fluids & Machinery IPO offers 3,600,000 shares. 684,000 (19.00%) to QIB, 514,000 (14.28%) to NII, 1,198,000 (33.28%) to RII and 1,022,000 (28.39%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,022,000 (28.39%) |
| Market Maker Shares Offered | 182,000 (5.06%) |
| QIB Shares Offered | 684,000 (19.00%) |
| NII (HNI) Shares Offered | 514,000 (14.28%) |
| Retail Shares Offered | 1,198,000 (33.28%) |
| Total Shares Offered | 3,600,000 (100%) |
Aztec Fluids & Machinery IPO raises Rs 6.85 crore from anchor investors. Aztec Fluids & Machinery IPO Anchor bid date is May 9, 2024. Aztec Fluids & Machinery IPO Anchor Investors list
| Bid Date | May 9, 2024 |
| Shares Offered | 1,022,000 |
| Anchor Portion Size (In Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2024 |
Aztec Fluids & Machinery IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
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 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
The promoters of the company are Pulin Kumudchandra Vaidhya, Amisha Pulin Vaidhya and Kumudchandra Bhagwandas Vaidya.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Founded in April 2010, Aztec Fluids & Machinery Limited provides a quality-assured assortment of Printers, Printer consumables, and Printer Spares to a diverse range of industries, including personal care, food and beverages, pharmaceuticals, construction materials, cables, wires, and pipes, metals, automotive and electronics, agrochemicals, and chemicals and petrochemicals.
The company's range of products includes various types of printers, namely continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers), and laser printers. Additionally, the company offers printer inks and consumable items such as makeup and cleaning solvents.
The company exports its products to countries such as Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria.
The company has its registered office in Ahmedabad and a warehouse in Kheda, Gujarat for storing imported printers.
As of December 31, 2023, The company had a team of 28 employees dedicated to sales and marketing, and 51 employees dedicated to after-sales service and support at client locations.
Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,287.00 | 3,090.06 | 2,707.75 | 2,112.81 |
| Revenue | 5,182.38 | 5,452.97 | 4,642.56 | 3,467.75 |
| Profit After Tax | 450.74 | 327.38 | 311.25 | 246.28 |
| Net Worth | 1,986.34 | 1,535.60 | 1,238.56 | 958.92 |
| Reserves and Surplus | 986.34 | 1,335.60 | 1,237.56 | 957.92 |
| Total Borrowing | 565.95 | 562.31 | 552.40 | 514.34 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Aztec Fluids & Machinery IPO is Rs 91.12 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.60% |
| ROCE | 25.38% |
| Debt/Equity | 0.28 |
| RoNW | 22.69% |
| P/BV | 3.37 |
| PAT Margin (%) | 8.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.27 | 4.42 |
| P/E (x) | 20.47 | 15.16 |
The company intend to utilize the proceeds of the net issue to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of printers, variety of inks and related services. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
The Aztec Fluids & Machinery IPO is subscribed 218.38 times on May 14, 2024 6:19:05 PM. The public issue subscribed 228.43 times in the retail category, 107.93 times in the QIB category, and 341.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 107.93 |
| NII | 341.94 |
| Retail | 228.43 |
| Total | 218.38 |
Total Application : 166,207 (277.47 times)
| Listing Date | May 17, 2024 |
| BSE Script Code | 544177 |
| NSE Symbol | |
| ISIN | INE0SCB01016 |
| Final Issue Price | ₹67 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹67.00 |
| ₹90.00 |
| ₹85.50 |
| ₹90.00 |
| ₹85.50 |
Aztec Fluids & Machinery Limited
Part H Plinth,4th Floor,
Takshashila Square, Near Krishnabag Four Rd
Maninagar, Ahmedabad,-380028
Phone: +91-7048333211
Email: cs@aztecfluids.com
Website: http://www.aztecindia.org/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Aztec Fluids & Machinery IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹24.12 Crores. The issue is priced at ₹63 to ₹67 per share. The minimum order quantity is 2000 Shares.
The IPO opens on May 10, 2024, and closes on May 14, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aztec Fluids & Machinery IPO using UPI as a payment gateway. Zerodha customers can apply in Aztec Fluids & Machinery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aztec Fluids & Machinery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aztec Fluids & Machinery IPO opens on May 10, 2024 and closes on May 14, 2024.
Aztec Fluids & Machinery IPO lot size is 2000 Shares, and the minimum amount required is ₹134,000.
You can apply in Aztec Fluids & Machinery 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 Aztec Fluids & Machinery IPO will be done on Wednesday, May 15, 2024, and the allotted shares will be credited to your demat account by Thursday, May 16, 2024. Check the Aztec Fluids & Machinery IPO allotment status.
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