Aztec Fluids & Machinery Limited
Book Built Issue IPO · BSE
- Price band
- ₹63 - ₹67
- Lot size
- 2,000 shares
- Issue amount
- ₹24.12 cr
- Total subscription
- 218.46×
- Opens
- 10 May 2024
- Closes
- 14 May 2024
- Allotment
- 15 May 2024
- Listing
- 17 May 2024
Offer at a glance
Issue overview
- Issue size
- 36,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹24.12 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,34,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,00,00,000
- Shares after issue
- 1,36,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,34,000 |
| HNI | 2 | 4,000 | ₹2,68,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.58 | 494.62 |
| RETAIL | 8.03 | 1,833.52 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.51 | 3.27 | 3.11 |
| ROE | 25.6 | 23.6 | 23.6 |
| ROCE | 25.38 | 22.07 | 24.86 |
| RONW | 22.69 | 21.32 | 25.13 |
| PRE IPO(PE) | 3.37 | 0 | 0 |
| POST IPO(PE) | 20.47 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in April 2010, Aztec Fluids & Machinery Limited is a trusted provider of printers, printer consumables, and spare parts, serving a wide range of industries, including personal care, food & beverages, pharmaceuticals, construction, automotive, electronics, and chemicals. The company offers a comprehensive range of printers, such as continuous inkjet (CIJ), thermal transfer over (TTO), drop-on-demand (DOD), piezoelectric (NIJ), and laser printers, along with essential consumables like inks, makeup, and cleaning solvents to ensure reliable printing solutions. With a strong export presence in Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria, Aztec Fluids & Machinery demonstrates its commitment to global markets. Headquartered in Ahmedabad, the company operates a strategic warehouse in Kheda, Gujarat, enabling efficient storage and distribution of imported printers. As of December 31, 2023, Aztec Fluids & Machinery is powered by a skilled team of 28 sales and marketing professionals and 51 after-sales service experts, ensuring exceptional customer support and long-term client satisfaction.
Strengths
- Wide Market Reach: With customers across multiple industries and regions, Aztec Fluids & Machinery reduces reliance on any single sector, ensuring business stability even during market fluctuations.
- Versatile Product Offerings: A diverse range of printers and consumables allows the company to meet varying customer needs, stay ahead of market trends, and quickly adapt to industry changes.
- Strong Customer Loyalty: Long-standing relationships built on trust, reliability, and excellent service foster repeat business, helping maintain competitiveness and drive sustained growth.
Risk factors
- Legal & Regulatory Risks: Ongoing legal proceedings involving the Directors and Promoters could impact the company’s net worth, profitability, and cash flow , potentially diverting management’s focus from business operations.
- Reliance on Leased Properties: Without ownership of manufacturing facilities, repair centers, and regional offices , the company faces risks related to lease renewals and potential disputes , which could disrupt operations.
- Customer Dependence: A significant portion of revenue comes from a few key customers without long-term commitments. Losing any major client could negatively impact cash flow, profitability, and business stability .
Promoters
Pulin Kumudchandra Vaidhya
Amisha Pulin Vaidhya
Kumudchandra Bhagwandas Vaidya
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Part H Plinth,4th Floor, Takshashila Square, Near Krishnabag Four Rd, Maninagar, Ahmedabad,-380028
+91-7048333211
[email protected]Company website ↗Understanding AZTEC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.