Aztec Fluids & Machinery Limited, founded in 2011, offers a quality-assured assortment of Printers, Printer consumables, and Printer Spares to a wide range of sectors. The company is preparing for its initial public offering (IPO), with ambitions to raise INR 24.12 crores by issuing 36 lakh new shares.
Aztec Fluids & Machinery Limited’s SME Initial Public Offering (IPO) price band is Rs 63 to Rs 67 per share. The company’s shares will be available for subscription on Friday, May 10, 2024, and close on Tuesday, May 14, 2024. These will be listed on the BSE SME, and the estimated listing date is Friday, May 17, 2024.
Hem Securities Limited is the book-running lead manager for the Aztec Fluids & Machinery IPO, while Bigshare Services Pvt Ltd is the registrar. Hem Finlease is the market maker for the Aztec Fluids & Machinery Initial Public Offering.
The proceeds from the offer will be used to fund the proposed acquisition of equity shares of Jet Inks Private Limited, repay a portion of the Company’s borrowing, and for general corporate purposes.
The Aztec Fluids & Machinery IPO shares are expected to be allotted on Wednesday, May 15, 2024, and credited to the allottees’ demat accounts on Thursday, May 16, 2024. The IPO represents 50% of the net issue for QIB, 35% for retail investors, and 15% for the NII segment.
Retail investors must contribute a minimum of Rs 1.34 lakh, since the minimum lot size for an application is 2000 shares. For HNIs, the minimum bidding size is two lots, or 4000 shares, for a total investment of Rs 2.68 lakh in the top price range.
Aztec Fluids & Machinery Limited’s revenue climbed by 17.46%, while profit after tax (PAT) increased by 5.18% during the fiscal years ended March 31, 2023 and March 31, 2022.
Aztec Fluids & Machinery Limited offers coding and marking solutions to a wide 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 exports to Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria. The company’s registered office is in Ahmedabad, and it maintains a warehouse in Kheda, Gujarat, to store imported printers.
By: Namit Pandey
Disclaimer: This post is provided by an agency, our journalists were not involved in writing this article.