Aesthetik Engineers IPO subscription started on 8 August 2024 and will close on 12 August 2024. Aesthetik Engineers plans to raise around INR 25.10 – 26.47 crores via the IPO. The price band is fixed at INR 55 – 58 per share. The Aesthetik Engineers IPO market lot has 2,000 shares and the minimum application amount is INR 1,16,000. The retail quota is 35%, QIB is 50% and NII is 15%.
Check Aesthetik Engineers IPO subscription status here. The subscription figures are taken from NSE EMERGE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Aesthetik Engineers IPO subscription status segregated by days and investor categories.
Aesthetik Engineers IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 8,66,000 | 6,52,000 | 15,18,000 | 30,36,000 |
| 12 Aug 2024 | 207.31 | 1934.32 | 461.58 | 705.33 |
| 9 Aug 2024 | 5.24 | 45.80 | 80.08 | 51.37 |
| 8 Aug 2024 | 4.50 | 23.09 | 38.80 | 25.64 |
The market maker reservation portion of 2,32,000 shares and anchor allocation of 12,96,000 shares is not included in the above calculations.
Aesthetik Engineers – Business Background
Aesthetik Engineers is an Indian company that designs, engineers, fabricates, and installs facade systems, including aluminum doors, windows, railings, staircases, and GRC. They serve the hospitality, residential, commercial, and infrastructure sectors, offering comprehensive end-to-end solutions from design to installation. Aesthetik’s factory is at Howrah, Kolkata with an area of around 3,000 square meters. The company provides services to many megaprojects from commercial complexes, residential buildings, airports, and malls in the states of West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat.
The company serves clients across various sectors, including construction, hospitality, and infrastructure. Some of its notable clients include Ambuja Housing and Urban Infrastructure, Primarc Projects Realty, Larsen & Toubro, ACC India, and Infosys, among others.
Investor Categories in Aesthetik Engineers IPO Subscription
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The three most important categories of IPO investors defined by SEBI are part of the Aesthetik Engineers IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Aesthetik Engineers IPO Subscription Status FAQs
When will the subscription for the Aesthetik Engineers IPO start?
Aesthetik Engineers IPO is open for subscription from 8 August 2024 to 12 August 2024.
How to subscribe to Aesthetik Engineers IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When Aesthetik Engineers IPO will be listed?
Aesthetik Engineers IPO is scheduled to be listed on 16 August 2024, at the NSE EMERGE.
