Aesthetik Engineers Jewels IPO opens today: Check issue size, price band, GMP & other details
SME IPO of Aesthetik Engineers has opened for subscription today and will close on August 16. The company aims to raise about Rs 26.47 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) Aesthetik Engineers IPO size
The IPO is entirely a fresh equity issue of 45.48 lakh shares and through the issue, the company plans to raise Rs 26.47 crore.
2) Aesthetik Engineers IPO price band
The company is offering its shares at Rs 55-58 apiece, and investors can bid for 2000 shares in 1 lot.
3) Aesthetik Engineers GMP
In the unlisted market, the company's shares are trading with a GMP of Rs 25, which translates to a premium of 43% over the issue price.
4) About Aesthetik Engineers
The company is engaged in the business of designing, engineering, fabrication and installation of facade systems. Its portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GRC).
5) Industry overview
The global facade market size reached $273.2 Billion in 2023. Looking forward, the market is expected to reach $499.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.93% during 2024-20.
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6) Aesthetik Engineers financial performance
For the year ended March 2024, the company clocked total revenues of Rs 60 crore and net profit of Rs 50 lakh.
7) Objects of the
