Aesthetik Engineers IPO Share Allotment: Check Status, GMP, Listing Date & Other Details

After getting an excellent response for the IPO, Aesthetic engineers The share allocation was completed on Tuesday evening. Investors can check the status of the transaction here. Allocation of shares to the IPO of Aesthetik Engineers by logging into the official website of the registrar, which in this case is Skyline Financial Services.

Please follow the step by step process mentioned below to check the assignment status.

Step 1:Visit the IPO Assignment Status Page in Skyline Financial Services (https://www.skylinerta.com/ipo.php)

Step 2:Select IPO from the drop-down menu

Step 3: Enter the request number and enter the captcha and ‘Submit’.GMP aesthetic engineers

In the unlisted market, the company’s shares are trading at a premium of Rs 103. If the trend continues, the company’s shares are expected to trade at 78% gains on August 16. The company has priced the IPO at Rs 58 at the upper end.

Aesthetik Engineers’ Rs 27 crore IPO for small and medium-sized enterprises was subscribed over 700 times at closing, driven by robust demand across categories. The IPO is a greenfield share sale of 45.64 lakh shares.

The net proceeds from the public offering will be used to fund working capital needs, capital expenditures and other general corporate purposes.

The company is engaged in the design, engineering, manufacturing and installation of façade systems. Its portfolio includes building facades, aluminium doors and windows, railings and stairs and glass fibre reinforced concrete (GRC).

The global facade market size reached USD 273.2 billion in 2023. Looking ahead, the market is expected to reach USD 499.4 billion by 2032, exhibiting a growth rate (CAGR) of 6.93% during 2024-20.

For the year ended March 2024, the company reported total revenue of Rs 60 crore and net profit of Rs 50 crore.

Narnolia Financial Services is acting as lead manager for the issue and Skyline Financial Services is the registrar.