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Aesthetik Engineers IPO
Aesthetik Engineers Ltd
₹1,10,000 /2000 sharesMinimum Investment
Aesthetik Engineers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 8 Aug ‘24 - 12 Aug ‘24 | ₹1,10,000 | 2,000 | ₹55 - ₹58 |
| Issue Size | IPO Doc |
|---|---|
| 26.47Cr | RHP PDF |
Subscription rate
As of 12 Aug'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 651.10x |
About Aesthetik Engineers
Founded in
2008
Managing director
Mr. Avinash Agarwal
Parent organisation
Aesthetik Engineers Ltd
Strengths & Financials of Aesthetik Engineers
Strengths
Risks
Aesthetik Engineers has demonstrated consistent increase in revenue from operations over the past three years. It has increased from Rs 25.74 crore in FY22, to Rs 40.01 crore in FY23 and to Rs 60.72 crore in FY24.
The company has completed a variety of projects across industries. The company’s portfolio includes construction of commercial complexes, residential buildings, airports, and malls in states such as West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat.
The company has long-term relationships with its clients and regularly supplies products to various government agencies. Their contract with Coal India Limited for the construction of its headquarters in Kolkata is noteworthy.
Aesthetik Engineers is currently involved in various legal disputes. In the event of any adverse judgments in these cases, the company could face penalties that might negatively impact its business operations.
In FY22, Aesthetik Engineers reported financial losses amounting to Rs 0.45 crore.
Aesthetik Engineers' revenue relies heavily on its operations in West Bengal. In FY24, 86.52% of its revenue was generated from this region, followed by 90.51% in FY23 and 89.26% in FY22. Any adverse developments in the business environment of the state could negatively impact the company's revenue and profitability.
As of March 31, 2024, the company had total outstanding secured borrowings from banks and financial institutions aggregating to Rs 12.46 crore and unsecured loans aggregating to Rs 44,285. Any inability to service or repay these loans could adversely impact the company’s business.
A significant amount of Aesthetik Engineers' revenue from operations is derived from its top 10 customers, who accounted for 81.05% of revenues in FY24, 79.88% in FY23, and 78.98% in FY22. Losing one or more of these key clients could negatively impact the overall performance of the company.
Aesthetik Engineers Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Aesthetik Engineers IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹55 - 58 | ₹2 - 5 Lakh |
| High Networth Individual | ₹55 - 58 | ₹2 - 5 Lakh |
For Aesthetik Engineers IPO, eligible investors can apply as Regular.