Aztec Fluids & Machinery Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2010. It provides coding and marking solutions to a diverse range of industries such as personal care, food & beverages, pharmaceuticals, construction materials, cables, wires & pipes, metals, automotive & electronics, agrochemicals, chemicals & petrochemicals etc. Its product portfolio includes (i) printers such as continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers) and laser printers (ii) printer inks and (iii) printer consumable items i.e. makeup and cleaning solvents.
Its range of products allows customers to print vital variable information like batch number, date, price, logo, brand, size, barcodes, promotional codes, meter marks, special marks etc. on the products such as steel tubes, aluminum panels, G.I. sheets, laminates, glass, PVC, plywood, woven sac, corrugated boxes, plastics and packing materials.
Other Information
Since 2015, AFML is an exclusive distributor of Lead Tech (Zhuhai) Electronic Co. Ltd., China for CIJ Printers, TTO Printers and a range of associated equipment and accessories for various countries such as India, Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria. The other type of printers such as DOD and NIJ are imported by it from other foreign suppliers. After import of printers, based on the customers’ requirements the company carry out certain functions such as printer configuration & stand installation on printers. It also carries the necessary testing and trial run to check the desired output of printers.
Aztec Fluids & Machinery Limited : IPO DETAILS
Aztec Fluids & Machinery Limited IPO is set to launch on 10 May, 2024. The subscription timeline extends till 14 May, 2024. The size for the IPO is Rs. 24.12 Crore. The entire issue is a fresh issue of 36 Lakh shares amounting to Rs. 24.12 Crore. The lot size is 2000 shares and the price is Rs. 63 to Rs. 67 per share. The company is going to get listed at BSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Bigshare Services Pvt Ltd.
Tabular Description of Aztec Fluids & Machinery Limited IPO
| IPO OPENING DATE | 10 May, 2024 |
| CLOSING DATE FOR IPO | 14 May, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 63 to Rs. 67 per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | Rs. 24.12 Crore |
| OFFER FOR SALE | NIL |
| FRESH ISSUE | Rs. 24.12 Crore |
| LISTING AT | BSE SME Board |
| LISTING DATE | 17 May, 2024 |
Aztec Fluids & Machinery Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 10 May, 2024 |
| CLOSING DATE FOR IPO | 14 May, 2024 |
| IPO ALLOTMENT DATE | 15 May, 2024 |
| REFUNDS | 16 May, 2024 |
| DEMAT A/C CREDITED ON | 16 May, 2024 |
| IPO LISTING DATE | 17 May, 2024 |
Aztec Fluids & Machinery Limited IPO begins for subscription from 10 May, 2024. The IPO subscription would continue till 14 May, 2024. The allotment status for the shareholders who applied would come on 15 May, 2024. The refunds for the ones who did not get allotment would be initiated on 16 May, 2024. The DEMAT accounts of shareholders would be credited on 16 May, 2024. The listing of the company would be completed on 17 May, 2024.
Aztec Fluids & Machinery Limited IPO: Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum and maximum lot size for retail investors is 2000 shares, amounting to Rs. 134000. The minimum lot size for HNI is 4000 shares, amounting to Rs. 268000.
| Shares | Amount | |
| Retail (Minimum) | 2000 shares | Rs. 134000 |
| Retail (Maximum) | 2000 shares | Rs. 134000 |
| HNI (Minimum) | 4000 shares | Rs. 268000 |
OBJECTIVES FOR THE IPO
- Funding of the proposed acquisition of equity shares of Jet Inks Private Limited
- Repayment of a portion of certain borrowing availed by our Company
- General Corporate Purpose
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2020-21 | 2021-22 | 2022-23 | Dec-2023 |
| Asset | 2112.81 | 2707.75 | 3090.06 | 4287.00 |
| Revenue | 3467.75 | 4642.56 | 5452.97 | 5182.38 |
| PAT | 246.28 | 311.25 | 327.38 | 450.74 |
Aztec Fluids & Machinery Limited had an asset base of Rs. 2112.81 Lakhs in 2021 which increased to Rs. 3090.06 Lakhs in 2023.The asset base of the firm jumped to Rs. 4287 Lakhs as on Dec-2023. The revenue for the company was Rs.3467.75 Lakhs in 2021, which increased to Rs. 5452.97 Lakhs in 2023. The revenue for 9 months ending December 2023 was Rs. 5182.38 Lakhs. The profit of the company increased from Rs. 346.28 Lakhs in 2021 to Rs. 327.38 Lakhs in 2023. The profit generated for the 9 months ending December 2023 was Rs. 450.74 Lakhs.
PROS
- The company is operating in a highly competitive and fragmented segment of printers, variety of inks and related services.
- Its product portfolio includes (i) printers such as continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers) and laser printers (ii) printer inks and (iii) printer consumable items i.e. makeup and cleaning solvents.
- AFML is an exclusive distributor of Lead Tech (Zhuhai) Electronic Co. Ltd., China for CIJ Printers, TTO Printers and a range of associated equipment and accessories for various countries such as India, Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria
- It posted steady growth in its top and bottom lines for the reported periods.
Aztec Fluids & Machinery Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Aztec Fluids & Machinery Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
