Bookbuilding IPO | ₹24 Cr | Listed at BSE SME | Fri, May 10, 2024 - Tue, May 14, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,34,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, May 10, 2024
IPO Close
Tue, May 14, 2024
Issue Price
₹67 per share
Market Cap (Pre-IPO)
₹91.12 Cr
| IPO Date | 10 to 14 May, 2024 |
| Listed on | Fri, May 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹67 |
| Issue Price | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,82,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 34,18,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 34,18,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,00,000 shares |
| BSE Script Code | 544177 |
| ISIN | INE0SCB01016 |
Aztec Fluids IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,18,000 shares, after excluding 1,82,000 shares allotted on a firm basis. Of the Net offer 17,06,000 (49.91%) are allocated to QIB, 5,14,000 (15.04%) allocated to NII 11,98,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,06,000 | 49.91% | 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 | 15.04% | 14.28% |
| Retail Shares Offered | 11,98,000 | 35.05% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,82,000 | 5.06% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Aztec Fluids IPO raises ₹6.85 crore from anchor investors. Aztec Fluids IPO Anchor bid date is May 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, May 9, 2024 |
| Shares Offered | 10,22,000 |
| Anchor Portion (₹ Cr.) | 6.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 13, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 42.87 | 30.90 | 27.08 | 21.13 |
| Total Income | 51.82 | 54.53 | 46.43 | 34.68 |
| Profit After Tax | 4.51 | 3.27 | 3.11 | 2.46 |
| NET Worth | 19.86 | 15.36 | 12.39 | 9.59 |
| Reserves and Surplus | 9.86 | 13.36 | 12.38 | 9.58 |
| Total Borrowing | 5.66 | 5.62 | 5.52 | 5.14 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of the proposed acquisition of equity shares of Jet Inks Private Limited | 14.00 |
| 2 | Repayment of a portion of certain borrowing availed by the Company | 3.72 |
| 3 | General Corporate Purposes | 4.31 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 3.27 | 4.42 |
| P/E (x) | 20.47 | 15.16 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹91.12 Cr. |
The Aztec Fluids & Machinery IPO is subscribed 218.38 times on May 14, 2024 6:19:05 PM (Day 3). The public issue subscribed 228.43 times in the retail category, 107.93 times in the QIB category, and 341.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 107.93 | 6,84,000 | 7,38,24,000 |
| NII* | 341.94 | 5,14,000 | 17,57,56,000 |
| Retail | 228.43 | 11,98,000 | 27,36,60,000 |
| Total | 218.38 | 23,96,000 | 52,32,40,000 |
Total Application : 1,66,207
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.20 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.09 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.12 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, secretarial, advisors, consultancy, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 1.60 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Lead Manager Reports
Aztec Fluids IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.
The IPO opens on Fri, May 10, 2024, and closes on Tue, 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 Fri, May 10, 2024 and closes on Tue, 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 Thu, May 16, 2024. Check the Aztec Fluids IPO allotment status.
The Aztec Fluids IPO listing date is on Fri, May 17, 2024.
