Aesthetik Engineers IPO subscribed 705 times on final day; check allotment status and listing date

Aesthetik Engineers IPO subscription closed with bumper demand on Monday, August 12, the last day of bidding. The NSE SME public offer was booked 705.33 times, driven by massive subscriptions by retail applicants and Non-Institutional Investors (NIIs).

The interior design service provider's initial public offering (IPO) received bids for more than 214.13 crore shares compared to 30.36 lakh shares on offer.

The public offer was subscribed 1,934.31 times in the Non-Institutional Investors category, with applications for 126.11 crore shares against 6.52 lakh shares set aside for the segment.

Retail individual investors applied for over 70.06 crore shares against 15.18 lakh shares set aside for the category, booking the portion 461.59 times.

The Qualified Institutional Buyers (QIBs) placed bids for 17.95 crore shares against 8.66 lakh shares reserved for the category. The QIBs’ quota was booked 207.3 times.

Aesthetik Engineers Limited IPO offer size, price band and other details

Aesthetik Engineers IPO is a book-building issue worth ₹26.47 crore. The public offer comprises entirely a fresh issue of 45.64 lakh shares.

The IPO price band was fixed at ₹55 to ₹58 per share.

The IPO subscription period was open from August 8 to August 12. The IPO allotment status is likely to be finalised on August 13.

Shares of Aesthetik Engineers Limited company are likely to be listed on the NSE SME platform on August 16.

Refunds for unsuccessful bidders will be processed on August 14, and shares will be credited to the demat accounts of successful bidders on the same day.

Aesthetik Engineers Limited IPO registrar

Skyline Financial Services Private Limited is the registrar for the Aesthetik Engineers IPO, while Narnolia Financial Services Ltd acts as the book-running lead manager.

Aesthetik Engineers Limited IPO objective

The company plans to allocate the funds raised from the IPO to several key areas. A portion will be used to meet the capital expenditure requirements.

Additionally, the funds will be used to support the company's working capital needs, another portion will be directed towards general corporate purposes, and finally, the funds will cover the costs associated with issuing the IPO itself.

About Aesthetik Engineers Limited IPO

Founded in 2003, Aesthetik Engineers Limited provides services in interior design and the creation of façade systems.

The company handles the design, manufacture, and installation of architectural façades, aluminium doors and windows, railings, stairs, and Glassfibre Reinforced Concrete (GFRC) for various projects, including hospitality, residential, commercial, and infrastructure.

Their product range includes structural glazing, curtain walls, cladding materials, aluminium louvres, and skylights, as well as services for planning and installing doors, windows, railings, and stairs.