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

DateQIBNIIRetailTotal

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:

  1. 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.
  2. 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:

  1. Capital Expenditure Requirement of the Company;
  2. Working Capital requirements of the Company;
  3. General Corporate Purposes and
  4. 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
  1. Experienced team led by the promoter with 20+ years in the industry.

  2. Dedicated logistics ensure seamless operations across India.

  3. Adherence to global quality standards for product excellence.

  4. Advanced Italian machinery enhances fabrication efficiency and quality.

  5. In-house testing reduces fabrication time and costs.

  6. Stable customer base with longstanding government contracts.

Risks

6
  1. Legal proceedings risk potential liabilities totalling ₹11,62,48,150.

  2. Certification failures may impact business and operations adversely.

  3. Registered office and factory premises rented, not owned.

  4. Seasonal factors and monsoons disrupt operations and project timelines.

  5. Significant revenue concentration in West Bengal at 86.52%.

  6. Negative cash flows from operations, investing, and financing activities.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Aesthetik Engineers IPO FAQs

What is Aesthetik Engineers Ltd's IPO?

Aesthetik Engineers Limited IPO is a book-built IPO. The IPO will be open from August 8, 2024, to August 12, 2024.

When will Aesthetik Engineers Ltd's IPO be allotted?

The Basis of Allotment will happen on Tuesday, August 13, 2024.

When will Aesthetik Engineers Ltd's IPO open for subscription?

The IPO subscription window will open on August 8, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.

When will Aesthetik Engineers Ltd list on exchanges?

The listing date for Aesthetik Engineers is Friday, August 16, 2024.

What would be the listing gains on the Aesthetik Engineers Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Aesthetik Engineers Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Aesthetik Engineers Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of Aesthetik Engineers Ltd using one PAN?

You can submit only one application using your PAN card.