Aesthetik Engineers IPO opens on Aug 8, 2024
Aesthetik Engineers Limited is set to hit the capital market with its Initial Public Offering (IPO) to raise Rs 26.47 crore. The company is primarily engaged in the design, engineering, fabrication, and installation of facade systems.
Key Details of the IPO:
Issue Type: Book Built Issue
Issue Size: Up to Rs 26.47 crore
Price Band: Rs 55 to Rs 58 per share
Market Lot: 2000 shares
Issue Open Date: August 8, 2024
Issue Close Date: August 12, 2024
Listing Exchange: NSE SME
Company Profile:
Aesthetik Engineers has carved a niche for itself in the facade systems market. The company’s product portfolio includes building facades, aluminum doors, windows, railings, staircases, and Glassfibre Reinforced Concrete (GRC) products.
Objective of Aesthetik Engineers Limited IPO
The primary objective of Aesthetik Engineers Limited’s IPO is to raise capital to fund the company’s growth and expansion plans.
The proceeds from the IPO will be used for:
- Capital Expenditure: Investing in new machinery, equipment, and technology to enhance production capacity and efficiency.
- Working Capital: Meeting day-to-day operational expenses such as raw material purchases, salaries, and other overheads.
- General Corporate Purposes: Funding general corporate activities, including research and development, marketing, and administrative costs.
- Issue Expenses: Covering the costs associated with the IPO process.
Important Dates
IPO Open Date: August 8, 2024
IPO Close Date: August 12, 2024
Allotment Date: August 13, 2024 (Tentative)
Listing Date: August 16, 2024 (Tentative)
Refer Red Herring Prospectus for more details