Aesthetik Engineers share price: Stock lists at 90% premium over issue price on NSE Emerge

Aesthetik Engineers shares made a strong debut on the NSE SME platform, Emerge, on Friday, August 16. The stock listed at a premium of 90% at ₹115.7 apiece against the issue price of ₹58 per share.

The initial public offering (IPO) of Aesthetik Engineers got a robust response from investors. The public offer was subscribed 705.26 times during the three-day bidding window from August 8 to August 12.

The portion for non-institutional investors or NIIs attracted 1,933.96 times the subscription, while the quota for qualified institutional buyers (QIBs) was subscribed 207.31 times. The retail investors category received 661.58 times the subscription.

The ₹26.47 crore Aesthetik Engineers SME IPO was solely a fresh issue of 45.64 lakh equity shares. The price band for the issue was set at ₹55 to ₹58 per share, with a minimum investment of ₹1,10,000 for retail investors.

The proceeds from the fresh issue will be used to meet capital expenditure requirements, augment working capital, cover the IPO expenses and for general corporate purposes.

Narnolia Financial Services was the book-running lead manager for the issue, while Skyline Financial Services Pvt Ltd was the registrar.

About Aesthetik Engineers

Established in 2003, Aesthetik Engineers specialises in the comprehensive design, fabrication, engineering, and installation of facade systems. With a diverse portfolio comprising building facades, aluminium windows and doors, staircases, glass fibre reinforced concrete (GFRC), and railings, the firm excels in delivering end-to-end solutions that cater to various industry needs.

Headquartered in Kolkata, the firm operates a state-of-the-art factory in Howrah, spread over 3,000 square meters. It has completed projects in several states, including Bihar, West Bengal, Assam, Odisha, Maharashtra, and Gujarat, serving clients in the hospitality, commercial, residential, and infrastructure sectors.