Aesthetik Engineers is launching a book-built IPO valued at Rs 26.47 crores, consisting of a fresh issue of 45.64 lakh shares with no offer for sale component.
The Aesthetik Engineers IPO will be open for subscription from August 8, 2024, to August 12, 2024. The allotment is expected to be finalized on Tuesday, August 13, 2024, with the IPO listing on the NSE SME tentatively scheduled for Friday, August 16, 2024.
Aesthetik Engineers Limited operates in the architectural and engineering services sector. Founded in 2003, the company specializes in providing innovative, sustainable, and aesthetically pleasing solutions in windows, glass, facades, and GFRC (Glass Fiber Reinforced Concrete) systems.
The price band for the Aesthetik Engineers IPO is set between ₹55 and ₹58 per share. Investors must apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹116,000 for retail investors. High Net Worth Individuals (HNIs) must invest in a minimum of 2 lots, totaling 4,000 shares, amounting to ₹232,000.
Narnolia Financial Services Ltd is the book-running lead manager for the Aesthetik Engineers IPO, with Skyline Financial Services Private Ltd serving as the registrar. Nikunj Stock Brokers is the market maker for the IPO.
Aesthetik Engineers IPO Details:
| Company Name | Aesthetik Engineers Limited |
| Sector | Architecture and Engineering |
| IPO Type | SME |
| IPO Open date | 08th Aug 2024 |
| IPO Close date | 12th Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Aesthetik Engineers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,16,000 |
| HNI (Min) | 2 | 4000 | 2,32,000 |
Aesthetik Engineers IPO Timeline:
| IPO Open Date | 08th Aug 2024 |
| IPO Close Date | 12th Aug 2024 |
| Basis of Allotment | 13th Aug 2024 |
| Refund Initiation Date | 14th Aug 2024 |
| Shares Credit to Demat | 14th Aug 2024 |
| Listing Date | 16th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Aesthetik Engineers’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Architecture and Engineering Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Aesthetik Engineers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
