Aesthetik Engineers IPO allotment expected today: Steps to check status on NSE, Skyline Financial Services

Aesthetik Engineers IPO share allotment status is likely to be finalised on Tuesday, August 13, following a successful subscription. The IPO saw a massive demand during the three-day subscription period.

Aesthetik Engineers IPO closed with a bumper subscription on Monday, August 12. The NSE SME issue was subscribed 705.33 times across all categories, with bids for over 214.13 crore shares compared to the 30.36 lakh shares offered for bidding.

The non-institutional investor category led to the demand for Aesthetik Engineers’ shares as the issue was booked 1,934.31 times by NIIs. The issue also saw decent demand in other categories as it was subscribed 461.58 times in the retail category and 207.3 times in the Qualified Institutional Buyers category.

The subscription window for Aesthetik Engineers IPO was open from Thursday, August 8 to Monday, August 12. The share allotment status of Aesthetik Engineers IPO is likely to be finalised by Tuesday, August 13.

Refunds will be initiated for unsuccessful bidders and shares of Aesthetik Engineers Ltd will be credited into the demat accounts of successful bidders on Wednesday, August 14. Aesthetik Engineers IPO’s tentative listing date is Friday, August 16.

Ahead of the listing date, investors can check the share allotment status of Aesthetik Engineers IPO on the websites of the NSE and registrar, Skyline Financial Services Private Ltḍ

Steps to check Aesthetik Engineers IPO share allotment status on NSE website

• Go to the NSE IPO allotment page using this link: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Type in your username and password (Investors need to create a login id and password for using the NSE website)
• After logging in choose ‘Aesthetik Engineers IPO’ from the list
• Input your PAN number
• Type in your IPO application Number
• Click submit

Steps to check Aesthetik Engineers IPO share allotment status on registrar's website

• Go to the official website of Skyline Financial Services Pvt Ltd at: https://www.skylinerta.com
• Visit the Investors section and select Public Issues
• Choose ‘Aesthetik Engineers IPO’ from the drop-down list
• Type in the Client ID, Application No or PAN details
• Click the ‘Search’ button
• Your share allotment status will be shown on screen

Aesthetik Engineers IPO: Objective

The company plans to use the proceeds of the public issue for meeting the capital expenditure requirements. A portion of the funds will also be used for meeting the working capital requirements of the company. The IPO proceeds will also be used for general corporate purposes and for meeting issue expenses.

Aesthetik Engineers IPO details

Aesthetik Engineers IPO, valued at ₹26.47 crore, consisted of a completely fresh issue of 45.64 lakh shares. Aesthetik Engineers IPO price band was fixed at ₹55 to ₹58 per share. The minimum lot size for retail investors was set at 2000 shares, which aggregated to a minimum investment of ₹1,16,000.

About Aesthetik Engineers

Aesthetik Engineers was founded in 2003. The company is engaged in providing interior design services. Aesthetik Engineers provides design, engineering, fabrication, and installation of architectural façades, aluminium doors and windows as well as railings. The company’s production facility is located in Howrah, Kolkata.