August 8, 2024
New Delhi, India
SME IPO Watch
The initial public offering (IPO) of Aesthetik Engineers Limited has opened for subscription today. This interior design service provider is looking to raise ₹26.47 crore through its public issue, which will remain open until August 12, 2024. The IPO is set to be listed on the NSE SME Emerge platform. Here are the key details you need to know about the Aesthetik Engineers IPO.
Grey Market Premium (GMP):
- Current GMP: ₹24
- Premium Over Upper Price Band: Approximately 41% higher than the IPO price band upper limit of ₹58 per share.
Price Band and Dates:
- IPO Price Band: ₹55 to ₹58 per equity share
- IPO Opening Date: August 7, 2024
- IPO Closing Date: August 12, 2024
RBI MPC: Maintains FY25 Inflation Projection at 4.5%
IPO Size and Lot Details:
- Total Funds to be Raised: ₹26.47 crore
- Lot Size: One lot comprises 2,000 company shares.
Key Dates:
- IPO Allotment Date: August 13, 2024
- IPO Listing Date: Expected on August 16, 2024, considering August 15 is a stock market holiday.
Registrar and Lead Managers:
- Registrar: Skyline Financial Services Private Ltd.
- Lead Manager: Narnolia Financial Services Ltd.
Company Financials:
- FY24 Revenue: ₹60.72 crore
- FY24 EBITDA: ₹7.71 crore
- FY24 PAT: ₹5.03 crore
The Aesthetik Engineers IPO has generated interest with a substantial GMP of ₹24, indicating strong demand in the grey market. Investors should consider the company’s financial health and market conditions before making a decision. The IPO listing on the NSE SME Emerge platform is expected to take place on August 16, 2024.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
