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Aesthetik Engineers Ltd IPO

  • Status: Closed
  • - / - shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    16 Aug 2024

  • Listing Price

    ₹ 110.20

  • Listing Change

    100.36%

  • Last Traded Price

    ₹ 98.45

IPO Details

  • Open Date

    08 Aug 2024

  • Close Date

    12 Aug 2024

  • IPO Price Range

    ₹ 55

  • IPO Size

    ₹ 25.10 - 26.47 Cr

  • Listing Exchange

    TBA

  • Listing Date

    15 Aug 2024

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IPO Timeline

Aesthetik Engineers Limited, incorporated on April 02, 2008, as a Private Limited Company under the Companies Act of 1956, has a rich history in engineering and construction. Initially named "Aesthetik Engineers Private Limited," the company evolved from the takeover of an existing partnership firm, "M/s Aesthetik." A significant milestone was reached on January 24, 2024, when the company converted to a Public Limited Company, changing its name to "Aesthetik Engineers Limited" following a special resolution passed by members at an Extra-Ordinary General Meeting on December 18, 2023.

Investor Category Allocation (% of Issue Size)
QIB Not more than 50%
Retail Not less than 35%
NII (HNI) Not less than 15%
  • To meet the Capital Expenditure Requirements of the Company
  • To fulfil the Working Capital needs of the Company
  • To address General Corporate Purposes
  • To cover the Issue Expenses

Aesthetik Engineers Limited's specialisation in the design, engineering, fabrication, and installation of facade systems is underscored by its diverse portfolio. This encompasses building facades, Aluminium Doors and Windows, Railing and Staircase, and Glassfibre Reinforced Concrete (GRC). The company caters to a wide range of industries, including Hospitality, Architecture, and Infrastructure, offering end-to-end solutions from facade design to on-site installation.

The company's manufacturing facility, strategically located in Howrah, Kolkata, serves as the hub for the fabrication and assembly of its products. This location is chosen with a strong emphasis on quality and performance, ensuring that Aesthetik Engineers' products are engineered to withstand various environmental factors such as UV rays, rain, dust, and noise, ensuring durability and customer satisfaction.

Strengths

  • Core Skills and Abilities: Aesthetik Engineers excel in planning and manufacturing building facades, doors, windows, railings, and concrete products. Their use of advanced Italian machinery enhances efficiency and cost-effectiveness.
  • Financial Performance: The company maintains strong profitability through effective cost management in production. Long-term agreements with key customers ensure a steady income stream.
  • Brand Reputation and Customer Loyalty: Aesthetik Engineers has built a strong reputation for quality work and timely project completion. Successful projects for notable clients like Coal India Limited have fostered trust and customer loyalty.
  • Strong Management Team: Led by Mr. Avinash Agarwal, who brings over 20 years of industry experience, the company benefits from seasoned leadership crucial for growth.
  • Technological Expertise: Using advanced Italian technology gives Aesthetik Engineers a competitive edge in efficiency and quality.
  • Intellectual Property: The company's unique processes and quality standards protect its intellectual property, maintaining its market leadership.

Risks

  • ;Intense Market Competition: Operating in a highly competitive market with organized and unorganised players poses market share and profitability challenges.
  • Low Entry Barriers: The absence of significant entry barriers in the industry increases the threat of new competitors.
  • Evolving Consumer Preferences: Rapidly changing customer demands and preferences require constant adaptation.
  • Economic Fluctuations: Economic downturns could impact the construction and infrastructure sectors, affecting demand for Aesthetik Engineers' products and services.
  • Regulatory Changes: Alterations in government policies or regulations could affect the company's operations and profitability.

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FAQs

The Aesthetik Engineers IPO opens on August 8, 2024 and closes on August 12, 2024.

Aesthetik Engineers IPO lot size is 2000 Shares, and the minimum amount required is ₹116,000.

You can apply in Aesthetik Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. 

The finalization of Basis of Allotment for Aesthetik Engineers IPO will be done on Tuesday, August 13, 2024, and the allotted shares will be credited to your demat account by Wednesday, August 14, 2024.