Aztec Fluids & Machinery IPO Review

 
Aztec Fluids & Machinery IPO Review

IPO Open Date: May 10, 2024

IPO Close Date: May 14, 2024

IPO Price: ₹63 to ₹67 per share

Lot Size: 2000 Shares

Listing: May 17, 2024


Aztec Fluids & Machinery
is scheduled to hit the market on May 10, 2024 and close on May 14, 2024. Aztec Fluids & Machinery plans to raise around ₹24.12 Cr through an IPO with a sale of up to 3,600,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Founded in April 2010, Aztec Fluids & Machinery Limited specializes in providing a diverse range of printers, printer consumables, and printer spares to industries spanning personal care, food and beverages, pharmaceuticals, construction materials, automotive and electronics, and more. Their product line includes continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers, and laser printers. Additionally, the company offers printer inks, makeup, and cleaning solvents. Aztec Fluids & Machinery Limited exports its products to countries like Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria.

The company is headquartered in Ahmedabad and operates a warehouse in Kheda, Gujarat for storing imported printers. As of December 31, 2023, Aztec Fluids & Machinery Limited had a dedicated team of 28 employees focusing on sales and marketing, along with 51 employees committed to after-sales service and support at client locations.

Aztec Fluids & Machinery




Aztec Fluids & Machinery
IPO Details


Aztec Fluids & Machinery
IPO
opens on May 10, 2024, and closes on May 14, 2024. The Listing date for
Aztec Fluids & Machinery
IPO
is on May 17, 2024. The price band for IPO is ₹63 to ₹67 per share and lot size of 2000 Shares.

IPO DateMay 10, 2024 to May 14, 2024
Listing DateMay 17, 2024
Price₹63 to ₹67 per share
Lot Size2000 Shares
Issue Size₹24.12 Cr
Face Value₹10 per share


Aztec Fluids & Machinery
IPO Tentative Timetable


Aztec Fluids & Machinery
opening date is May 10, 2024 and close date is May 14, 2024. The IPO allotment date is May 15, 2024. The refund initiation of IPO is on May 16, 2024. The credit of shares in demat account is on May 16, 2024. The listing date is on May 17, 2024.

EventDate
IPO OpeningMay 10, 2024
IPO ClosingMay 14, 2024
IPO Allotment DateMay 15, 2024
Refund InitiationMay 16, 2024
Shares Credit to DematMay 16, 2024
Lisiting DateMay 17, 2024


Aztec Fluids & Machinery
IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹134,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹134,000
Retail(Maximum)12000₹134,000
HNI (Minimum)24000₹268,000


Aztec Fluids & Machinery
IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding


Aztec Fluids & Machinery
IPO Review

Aztec Fluids & Machinery Ltd. (AFML) is all set to launch its maiden book building route IPO, aiming to raise Rs. 24.12 crore through the issuance of 3,600,000 equity shares priced between Rs. 63.00 to Rs. 67.00 per share. The company has shown consistent growth in both its top and bottom lines over the years, reflecting a promising financial performance. With a focus on providing coding and marking solutions across various industries like personal care, food & beverages, and automotive, AFML caters to a wide range of customers with its diverse product portfolio including printers, inks, and consumable items.

Investors considering AFML's IPO should note that the company operates in a competitive market segment. Despite this, AFML's strategic acquisitions, like the recent stake purchase in Jet Inks Private Limited, showcase its commitment to expansion and diversification. The financial outlook appears stable with a prudent dividend policy based on past performance and future prospects. AFML's track record of steady earnings growth and sound financial metrics positions it as an attractive option for moderate funds seeking potential medium-term rewards.

In conclusion, Aztec Fluids & Machinery Ltd.'s IPO presents an opportunity for investors to participate in a company with a strong foothold in the coding and marking solutions industry. The issue, priced at a P/E of 15.16 based on FY24 super annualized earnings, is deemed fully priced, indicating careful consideration is warranted before investing. With a focus on quality products, consistent financial performance, and a well-defined growth strategy, AFML's IPO is worth considering for investors looking to diversify their portfolio in the ever-evolving printing and marking solutions market.


Aztec Fluids & Machinery
IPO Subscription Status (Bidding Details)

Table not found


Aztec Fluids & Machinery
IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon


Aztec Fluids & Machinery
IPO FAQs

What is Aztec Fluids & Machinery IPO?

Aztec Fluids & Machinery is issuing 3,600,000 equity shares with a face value of 10 each, totaling up to ₹24.12 Cr. The shares are being offered at a price of ₹63 to ₹67 each, with a minimum order quantity of 2000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Aztec Fluids & Machinery IPO will open?

Aztec Fluids & Machinery will open on May 10, 2024 for QIB, NII, and Retail Investors.

When Aztec Fluids & Machinery IPO will end?

Aztec Fluids & Machinery will end on May 14, 2024.

What is Aztec Fluids & Machinery IPO Size?

Aztec Fluids & Machinery IPO size is 24.12 Cr.

What is Aztec Fluids & Machinery IPO Price Band?

Aztec Fluids & Machinery price band is ₹63 to ₹67 per share.

What is the Aztec Fluids & Machinery IPO Allotment Date?

Aztec Fluids & Machinery allotment date is May 15, 2024.

What is the Aztec Fluids & Machinery IPO Listing Date?

Aztec Fluids & Machinery listing date is May 17, 2024. The IPO is to be listed on BSE and NSE.

How to Aztec Fluids & Machinery IPO through Zerodha?

To apply for the IPO “Aztec Fluids & Machinery” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Aztec Fluids & Machinery IPO through Upstox?

To apply for the IPO “Aztec Fluids & Machinery” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Aztec Fluids & Machinery IPO Allotment Status?

For Aztec Fluids & Machinery IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Aztec Fluids & Machinery IPO GMP?

You can check out here: Aztec Fluids & Machinery IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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