Aesthetik Engineers IPO Subscription Status

Aesthetik Engineers IPO Day 3 Subscription at 705.26 Times: Should You Subscribe or Not?

The subscription period for the Aesthetik Engineers IPO opened on August 8, 2024, and it ends today, August 12, 2024. The allocation for the Aesthetik Engineers IPO is anticipated to be completed on Tuesday, August 13, 2024. The proposed listing date for the Aesthetik Engineers IPO is Friday, August 16, 2024, and it will take place on NSE SME.

On August 12, 2024 (Day 3), the Aesthetik Engineers IPO received 705.26 subscriptions. The retail category saw 461.58 subscriptions to the public issue, the QIB category saw 207.31 subscriptions, and the NII category saw 1,933.96 subscriptions.
 

Here are the subscription details for Aesthetik Engineers IPO as of Day 3:

The IPO of Aesthetik Engineers witnessed overwhelming demand across all investor categories. Qualified Institutional Buyers (QIBs) showed the highest interest, with the segment oversubscribed by a staggering 207.31 times. Non-Institutional Investors (NII) followed closely, oversubscribing their portion by 1,933.96 times, while retail investors also demonstrated significant enthusiasm, leading to an oversubscription of 461.58 times. Overall, the IPO was oversubscribed by 705.26 times, reflecting strong confidence in the company's prospects and its appeal across a broad spectrum of investors.

Subscription Status of Aesthetik Engineers IPO for Days 1, 2, and 3

Here are the complete subscription details for the Aesthetik Engineers IPO by category as of Day 3:

The IPO of Aesthetik Engineers saw an overwhelming response across various investor categories. Anchor investors fully subscribed to their portion, acquiring 12,96,000 shares. Market makers also subscribed fully, securing 2,32,000 shares. Notably, the Qualified Institutional Buyers (QIB) category was oversubscribed by an astonishing 207.31 times, bidding for 17,95,30,000 shares against the 8,66,000 shares offered. Non-Institutional Buyers (NIB) demonstrated extraordinary demand, with a subscription of 1,933.96 times, resulting in bids for 1,26,09,42,000 shares. Retail investors also showed significant interest, subscribing 461.58 times over, with bids totalling 70,06,86,000 shares. Overall, the IPO was subscribed by an impressive 705.26 times, with total bids amounting to ₹12,418.72 crores from 3,50,343 applications.

Aesthetik Engineer IPO Day 2 Subscribed 52.21 Times: Should You Subscribe or Not?

As of Day 2, the IPO of Aesthetik Engineers Limited has attracted considerable attention from investors, indicating a high demand for the shares being sold. Promising subscription figures for the soon-to-close initial public offering (IPO) indicate that the market is confident in the company's development prospects and business plan.

Here are the subscription details for Aesthetik Engineers IPO as of Day 2 (9th August 2024):

Investor interest in Aesthetik Engineers IPO is growing as the August 12, 2024 closing date draws near. The IPO opened for subscription on August 8, 2024. The IPO's total subscription as of the second day (9th August 2024) is 52.21 times. Retail Individual Investors (RIIs), who have subscribed are 81.75 times, are the primary drivers of this outstanding result. 

Next in line are Qualified Institutional Buyers (QIBs), with a subscription of 5.24 times, and Non-Institutional Investors (NIIs), which includes High-Net-Worth Individuals (HNIs), with a subscription of 45.80 times.
 

Here are the subscription details for Aesthetik Engineers IPO by category as of Day 2:

Data Source: NSE

On day 1, Aesthetik Engineer IPO was subscribed 26.10 times. By the end of day 2, the total subscription status has increased to 52.21 times. If you talk about the final status, it will be cleared by the end of day 3. Aesthetik Engineer IPO got an awesome response from varied investor categories. 

Aesthetik Engineers IPO Subscribed 26.10 Times on Day 1: Should You Subscribe or Not?

Aesthetik Engineers IPO will close on August 12th, 2024. Shares of Aesthetik Engineers will likely be listed on August 16th, 2024 on NSE SME. As of August 8th, Aesthetik Engineers IPO received bids for 7,92,40,000 shares much more than the 30,36,000 shares offered. This means that Unicommerce eSolution’s IPO was oversubscribed 26.10 times by the end of day 1.

Here are the subscription details for Aesthetik Engineers IPO  as of Day 1 (August 8th, 2024 at 5:38 pm): 

Retail investors and High NetWorth Individuals & Non-Institutional Investors (NIIs) mainly drove Aesthetik Engineers IPO subscription on day 1, followed by QIB investors. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO.

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for  Aesthetik Engineers IPO by category as of Day 1:

Data Source: NSE

On day 1 Aesthetik Engineers IPO  was subscribed 26.10 times. QIB investors subscribed 4.50 times, HNIs / NIIs portion subscribed 23.29 times, and Retail Investors subscribed 39.63 times. Overall, Aesthetik Engineers IPO  was subscribed 26.10 times on Day 1.

About Aesthetik Engineers 

Established in 2003, Aesthetik Engineers Limited specializes in interior design services and is engaged in the design, production, and installation of façade systems.
The company offers comprehensive solutions in the design, engineering, fabrication, and installation of architectural façades, along with aluminium doors and windows, railings, stairs, and Glassfibre Reinforced Concrete (GFRC) for a variety of projects, including those in the hospitality, residential, commercial, and infrastructure sectors.

Aesthetik Engineers' product offerings include:

• Façades: Structural glazing/curtain walls, spider glazing, ACP/HPL/stone cladding, aluminium, canopies, skylights, and domes.
• Doors and Windows: Comprehensive services for the planning, supply, and installation of doors and windows.
• Railings and Stairs: Design and installation services for railings and stairs.
• Glass Fiber Reinforced Concrete (GFRC).

Highlights of the Aesthetik Engineers IPO 

• IPO price band: ₹55 to ₹58 per share
• Minimum application lot size: 2000 shares.
• Minimum investment for retail investors: ₹ 1,16,000 
• Minimum investment for High Net-worth Investors (HNI): 2 lots (4000 shares), ₹2,32,400
• Registrar: Skyline Financial Services Private Ltd.