1) Aesthetik Engineers IPO size
The IPO is entirely a fresh equity issue of 45.48 lakh shares and through the issue, the company plans to raise Rs 26.47 crore.
2) Aesthetik Engineers IPO price band
The company is offering its shares at Rs 55-58 apiece, and investors can bid for 2000 shares in 1 lot.
3) Aesthetik Engineers GMP
In the unlisted market, the company’s shares are trading with a GMP of Rs 25, which translates to a premium of 43% over the issue price.
4) About Aesthetik Engineers
The company is engaged in the business of designing, engineering, fabrication and installation of facade systems. Its portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GRC).5) Industry overview
The global facade market size reached $273.2 Billion in 2023. Looking forward, the market is expected to reach $499.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.93% during 2024-20.
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6) Aesthetik Engineers financial performance
For the year ended March 2024, the company clocked total revenues of Rs 60 crore and net profit of Rs 50 lakh.
7) Objects of the offer
The net proceeds from the public offer will be used for funding working capital requirements, capital expenditure and other general corporate purposes.
8) Lead managers and Registrar
Narnolia Financial Services is acting as the lead manager to the issue and Skyline Financial Services is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.
10) Important dates
The IPO opened on August 8 and will close on August 12. The final allotment will likely be made on August 13. The company’s shares will likely get listed on August 16.
