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Aztec Fluids IPO is a book build issue of ₹24.12 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹24.12 crore.
Aztec Fluids IPO bidding started from May 10, 2024 and ended on May 14, 2024. The allotment for Aztec Fluids IPO was finalized on May 15, 2024. The shares got listed on BSE SME on May 17, 2024.
Aztec Fluids IPO price band is set at ₹67.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,26,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,68,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Aztec Fluids IPO RHP for detailed Information.
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹63 to ₹67 per share |
| Issue Price Final | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹24.12 Cr) |
| Reserved for Market Maker | 1,82,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.22 Cr) |
| Net Offered to Public | 34,18,000 shares (aggregating up to ₹22.90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,00,000 shares |
Aztec Fluids & Machinery IPO offers total 36,00,000 shares. Out of which 17,06,000 (47.39%) allocated to QIB, 6,84,000 (19.00%) allocated to QIB, 5,14,000 (14.28%) allocated to NII, 11,98,000 (33.28%) allocated to RII and 10,22,000 (28.39%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,82,000 (5.06%) |
| QIB Shares Offered | 17,06,000 (47.39%) |
| − Anchor Investor Shares Offered | 10,22,000 (28.39%) |
| − QIB (Ex. Anchor) Shares Offered | 6,84,000 (19.00%) |
| NII (HNI) Shares Offered | 5,14,000 (14.28%) |
| Retail Shares Offered | 11,98,000 (33.28%) |
| Total Shares Offered | 36,00,000 (100.00%) |
Aztec Fluids IPO raises ₹6.85 crore from anchor investors. Aztec Fluids IPO Anchor bid date is May 9, 2024. Aztec Fluids IPO Anchor Investors list
| Bid Date | May 9, 2024 |
| Shares Offered | 10,22,000 |
| Anchor Portion Size (In Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2024 |
Aztec Fluids IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Fri, May 10, 2024 |
| IPO Close Date | Tue, May 14, 2024 |
| Tentative Allotment | Wed, May 15, 2024 |
| Initiation of Refunds | Thu, May 16, 2024 |
| Credit of Shares to Demat | Thu, May 16, 2024 |
| Tentative Listing Date | Fri, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 14, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,34,000 |
| Retail (Max) | 1 | 2,000 | ₹1,34,000 |
| HNI (Min) | 2 | 4,000 | ₹2,68,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in April 2010, Aztec Fluids & Machinery Limited provides a quality-assured assortment of Printers, Printer consumables, and Printer Spares to a diverse range of industries, including personal care, food and beverages, pharmaceuticals, construction materials, cables, wires, and pipes, metals, automotive and electronics, agrochemicals, and chemicals and petrochemicals.
The company's range of products includes various types of printers, namely continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers), and laser printers. Additionally, the company offers printer inks and consumable items such as makeup and cleaning solvents.
The company exports its products to countries such as Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria.
The company has its registered office in Ahmedabad and a warehouse in Kheda, Gujarat for storing imported printers.
As of December 31, 2023, The company had a team of 28 employees dedicated to sales and marketing, and 51 employees dedicated to after-sales service and support at client locations.
Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,287.00 | 3,090.06 | 2,707.75 | 2,112.81 |
| Total Income | 5,182.38 | 5,452.97 | 4,642.56 | 3,467.75 |
| Profit After Tax | 450.74 | 327.38 | 311.25 | 246.28 |
| Net Worth | 1,986.34 | 1,535.60 | 1,238.56 | 958.92 |
| Reserves and Surplus | 986.34 | 1,335.60 | 1,237.56 | 957.92 |
| Total Borrowing | 565.95 | 562.31 | 552.40 | 514.34 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Aztec Fluids IPO is ₹91.12 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.60% |
| ROCE | 25.38% |
| Debt/Equity | 0.28 |
| RoNW | 22.69% |
| PAT Margin | 8.85% |
| Price to Book Value | 3.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.27 | 4.42 |
| P/E (x) | 20.47 | 15.16 |
The company intend to utilize the proceeds of the net issue to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of printers, variety of inks and related services. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | May 17, 2024 |
| BSE Script Code | 544177 |
| NSE Symbol | |
| ISIN | INE0SCB01016 |
| Final Issue Price | ₹67 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Aztec Fluids & Machinery Ltd.
Part H Plinth,4th Floor,
Takshashila Square, Near Krishnabag Four Rd
Maninagar, Ahmedabad,-380028
Ahmedabad, Gujarat
Phone: +91-7048333211
Email: cs@aztecfluids.com
Website: http://www.aztecindia.org/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Aztec Fluids IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹24.12 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.
The IPO opens on May 10, 2024, and closes on May 14, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aztec Fluids IPO using UPI as a payment gateway. Zerodha customers can apply in Aztec Fluids IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aztec Fluids IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aztec Fluids IPO opens on May 10, 2024 and closes on May 14, 2024.
Aztec Fluids IPO lot size is 2000, and the minimum amount required for application is ₹1,34,000.
You can apply in Aztec Fluids IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aztec Fluids IPO will be done on Wednesday, May 15, 2024, and the allotted shares will be credited to your demat account by Thursday, May 16, 2024. Check the Aztec Fluids IPO allotment status.
The Aztec Fluids IPO listing date is on Friday, May 17, 2024.
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