Aesthetik Engineers Limited IPO to open on August 8, 2024

• Total Issue Size – 45,64,000 Equity Shares of ₹ 10 each
• Issue Size – ₹47 Crores (At Upper Band)
• Price Band – ₹ 55- ₹ 58 Per Share
• Lot Size – 2,000 Equity Shares

5th August 2024: Aesthetik Engineers Limited (AEL, The Company) is one of the leading companies in the design, engineering, fabrication, and installation of facade systems, offering products such as building facades, aluminum doors and windows, railings, staircases, and Glassfibre reinforced concrete (GFRC).  Aesthetik Engineers Limited  has announced its plan to go public with an Initial Public Offering (IPO) on August 8, 2024, aiming to issue of 45,64,000 Equity Shares to be listed on the Emerge platform of NSE.

The issue is Up To 45,64,000 equity shares at a face value of ₹ 10 each.

Equity Share Allocation

• QIB (excluding Anchor Investor) Portion – Not more than 8,66,000 Equity Shares
• Anchor Investor Portion—Not more than 12,96,000
• Non-Institutional Investors (NII) – Not less than 6,52,000 Equity Shares
• Retail Individual Investors (RII) – Not less than 15,18,000 Equity Shares
• Market Maker – Up to 2,32,000 Equity Shares

The net proceeds from the Issue are set to be utilized primarily for Capital Expenditure of the company, its Working Capital Requirement and General Corporate Purposes. The bidding for the Anchor portion will open on August 7, 2024, the issue will open for subscription on August 8, 2024 and closes on August 12, 2024.

The Lead Manager to the Issue is Narnolia Financial Service Limited. The Registrar to the Issue is Skyline Financial services Private Limited.

Mr. Avinash Agarwal, Managing Director of Aesthetik Engineers Limited said “We are delighted to announce our upcoming IPO on NSE Emerge Platform. The proceeds from this issue will be strategically utilized to meet Capital Expenditure requirement of the Company, our working capital needs and general corporate purposes.

Mr. Pankaj Pasi, Executive Director, Merchant Banking Division, Narnolia Financial Services Limited said, “We are pleased to lead manage IPO of Aesthetik Engineers on NSE Emerge Platform, the Company offers a wide range of products and services to meet the demands of customers catering to various industries viz. Hospitality, Residential, Commercial, and Infrastructure Project. Considering market trends, we wish Aesthetik Engineers all the best for a successful listing.

Aesthetik Engineers Limited (AEL, The Company) is one of the leading companies in the design, engineering, fabrication, and installation of facade systems, offering products such as building facades, aluminum doors and windows, railings, staircases, and Glassfibre reinforced concrete (GFRC). Serving the hospitality, residential, commercial, and infrastructure sectors, they deliver comprehensive solutions from initial design to final installation. With over 20 Years of experience, they have completed significant projects in states including West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat. Their in-house capabilities in engineering, design, fabrication, and material development ensure continuous improvement and high standards of quality. Renowned for delivering cost-effective, superior solutions, AEL has collaborated with “Schueco India Private Limited” to supply structural glazing, aluminum windows, and doors for our Customer, secured through Kolkata One Execution Private Limited.

Financials

In FY24, The Company achieved a Revenue of ₹ 6,07,203.05 thousands, EBITDA of ₹ 77,081.50 thousands, & PAT of ₹ 50,298.96 thousands.

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.