Aesthetik Engineers IPO: Price Band, Lot Size, Financials & Review
Aesthetik Engineers IPO listed on NSE on Fri, 16 Aug 2024. The issue was subscribed 705.26x overall.
- Open Date
- 8 Aug 2024
- Close Date
- 12 Aug 2024
Last updated
- Price band
- ₹55 – ₹58
- Lot size
- 2,000 shares
- Min. investment
- ₹2,32,000
- Issue size
- ₹26.47 Cr
- Last GMP
- +₹45
- Subscribed
- 🔥 705.26x
Aesthetik Engineers IPO details
Aesthetik Engineers IPO is a ₹26.47 Cr book-building IPO on the SME segment, listing on NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 8 Aug 2024 to Mon, 12 Aug 2024. Allotment was finalised on Tue, 13 Aug 2024, and the shares listed on NSE on Fri, 16 Aug 2024.
The price band is ₹55 to ₹58 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,32,000. Retail investors can apply for up to 1 lots (2,000 shares, ₹1,16,000).
Skyline Financial Services Private Ltd is the registrar, and Narnolia Financial Services Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Aesthetik Engineers IPO GMP before listing was +₹45 (+77.59% against the upper price band of ₹58), implying an estimated listing price of ₹103.
| Last GMP | +₹45 |
|---|---|
| GMP vs upper band | +77.59% |
| Estimated listing price | ₹103 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Aesthetik Engineers IPO day-wise GMP.
Subscription
Day-wise subscription →Aesthetik Engineers IPO was subscribed 705.26x overall: QIB 207.31x, NII 1,933.96x and retail 461.58x.
| Category | Subscribed |
|---|---|
| QIB | 207.31x |
| NII | 1,933.96x |
| Retail | 461.58x |
| Total | 705.26x |
Final figures at the close of bidding on 12 Aug 2024. Category-wise bids, application-wise breakup and allotment chances are on the Aesthetik Engineers IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 12,96,000 | 28.40% |
| Market Maker | 2,32,000 | 5.08% |
| Qualified Institutions | 8,66,000 | 18.97% |
| Non-Institutional | 6,52,000 | 14.29% |
| Retail Investors | 15,18,000 | 33.26% |
| Total | 45,64,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Aesthetik Engineers IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| S-HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹58, the issue is priced at 14.59x pre-issue earnings and 19.86x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Promoter holding falls from 100.00% before the issue to 73.50% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹3.97 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 14.59x |
| EPS (post-issue) EPS on the enlarged share capital | ₹2.92 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 19.86x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 73.50% |
Aesthetik Engineers Limited financials
Between 31 Mar 2023 and 31 Mar 2024, Income rose from ₹4,035.82 Cr to ₹6,079.5 Cr, and profit after tax rose from ₹112.59 Cr to ₹502.99 Cr. The PAT margin for 31 Mar 2024 was 8.27%.
| Period ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | 3,088.94 | 2,457.77 |
| Total Income | 6,079.50 | 4,035.82 |
| Profit After Tax | 502.99 | 112.59 |
| Net Worth | 1,502.41 | 999.42 |
| Reserve & Surplus | 849.92 | 592.47 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | KPI Information |
|---|---|
| ROE % | 33.48 |
| ROCE % | 37.32 |
| Debt / Equity | 0.57 |
| RoNW % | 33.48 |
| PbW | 4.89 |
| Pat Margin % | 8.28 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | The company plans to use the net proceeds from the issue for the following objectives: 1. Capital expenditure requirements 2. Working capital requirements 3. General corporate purposes 4. Issue expenses |
About Aesthetik Engineers Limited
Founded in 2003, Aesthetik Engineers Limited specializes in interior design and façade systems. The company offers design, engineering, fabrication, and installation of architectural façades, aluminum doors and windows, railings, stairs, and Glassfibre Reinforced Concrete (GFRC) for various projects in hospitality, residential, commercial, and infrastructure sectors.
Aesthetik Engineers' product portfolio includes:
- **Façades**: structural glazing/curtain wall, spider glazing, ACP/HPL/stone cladding, aluminum louvers, canopies/skylights/domes.
- **Doors and Windows**: planning and installation services.
- **Railings and Stairs**: design and installation services.
- **Glass Fiber Reinforced Concrete (GFRC)**
The company’s production facility in Howrah, Kolkata, covers over 3,000 square meters. As of June 30, 2024, Aesthetik Engineers employed 52 permanent staff.
Promoters
Mr. Avinash Agarwal
Ms. Sreeti Agarwal
Ms. Manisha Sureka
M/s Avinash Agarwal
Contact details
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 FAQs
- What is the Aesthetik Engineers IPO price band?
- The Aesthetik Engineers IPO price band is ₹55 to ₹58 per share.
- What is the Aesthetik Engineers IPO lot size and minimum investment?
- The Aesthetik Engineers IPO lot size is 2000 shares. The minimum retail investment is ₹2,32,000 for one lot at the upper price band. Retail investors can apply for up to 1 lots (2,000 shares), costing ₹1,16,000.
- When was Aesthetik Engineers IPO open for subscription?
- Aesthetik Engineers IPO was open for subscription from Thu, 8 Aug 2024 to Mon, 12 Aug 2024.
- What is the Aesthetik Engineers IPO subscription status?
- Aesthetik Engineers IPO was subscribed 705.26x overall: QIB 207.31x, NII 1,933.96x and retail 461.58x. Day-wise and category-wise figures are on the subscription page.
- What was the Aesthetik Engineers IPO GMP before listing?
- The last Aesthetik Engineers IPO GMP before listing was +₹45 (+77.59% against the upper price band of ₹58), implying an estimated listing price of ₹103. GMP is an unofficial grey market indicator and can change quickly.
- What is the Aesthetik Engineers IPO allotment date?
- The Aesthetik Engineers IPO basis of allotment was finalised on Tue, 13 Aug 2024. You can check your allotment status on the Skyline Financial Services Private Ltd website.
- What is the Aesthetik Engineers IPO listing date?
- Aesthetik Engineers IPO listed on NSE on Fri, 16 Aug 2024.
- Is the Aesthetik Engineers IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Aesthetik Engineers IPO?
- The registrar for the Aesthetik Engineers IPO is Skyline Financial Services Private Ltd, and the book running lead manager is Narnolia Financial Services Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.