Ahmedabad (Gujarat) [India], Could 7: Established in 2011, Aztec Fluids & Machinery Limited offers a quality-assured assortment of Printers, Printer consumables, and Printer Spares to a various vary of industries. The corporate is poised for its preliminary public providing (IPO), with plans to increase INR 24.12 crores by means of the issuance of 36 lakh new shares.
For its SME Preliminary Public Providing (IPO), Aztec Fluids & Machinery Limited has established a value band of Rs 63 to Rs 67 per share. The corporate’s shares will open for subscription on Friday, Could 10, 2024 and closes on Tuesday, Could 14, 2024. These shall be listed on the BSE SME, with a projected itemizing date of Friday, Could 17, 2024
Hem Securities Limited is the e book operating lead supervisor of the Aztec Fluids & Machinery IPO, whereas Bigshare Companies Pvt Ltd is the registrar for the problem. The market maker for Aztec Fluids & Machinery IPO is Hem Finlease.
The problem proceeds shall be utilized in Funding of the proposed acquisition of fairness shares of Jet Inks Non-public Limited, reimbursement of a portion of sure borrowing availed by the Firm and normal company functions.
On Wednesday, Could 15, 2024, the shares for the Aztec Fluids & Machinery IPO are anticipated to be allotted, and on Thursday, Could 16, 2024, the shares shall be credited to the demat account of the allottees. The IPO includes 50% of the web situation for QIB, 35% for retail traders and 15% of the web situation for the NII section.
Retail traders want to contribute a minimal of Rs 1.34 lakh contemplating the minimal lot measurement for an utility is 2000 shares. For HNIs, the minimal bidding measurement is 2 heaps, or 4000 shares, for a complete funding of Rs 2.68 lakh on the higher value band.
Aztec Fluids & Machinery Limited’s income elevated by 17.46% and revenue after tax (PAT) rose by 5.18% between the monetary yr ending with March 31, 2023 and March 31, 2022.
Aztec Fluids & Machinery Limited is within the enterprise of offering coding & marking options via it’s big selection of Printers, Printer consumables, and Printer Spares to a various vary of industries, together with private care, meals and drinks, prescribed drugs, building supplies, cables, wires, and pipes, metals, automotive and electronics, agrochemicals, and chemical compounds and petrochemicals.
The corporate exports its merchandise to international locations reminiscent of Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria. The corporate has its registered workplace in Ahmedabad and a warehouse in Kheda, Gujarat for storing imported printers.
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