Aesthetik Engineers Limited IPO

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The Company specializes in the design, engineering, fabrication, and installation of facade systems, including building facades, aluminum doors and windows, railings and staircases, and Glassfibre Reinforced Concrete (GRC). They cater to a diverse clientele across industries such as hospitality, residential, commercial, and infrastructure projects, providing end-to-end solutions from facade design to installation.

Projects and Clients

They have successfully executed numerous projects for esteemed clients across various industries, including commercial complexes, residential buildings, airports, and malls in states like West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat.

Supply Chain

Their company sources raw materials from recognized suppliers both domestically and internationally, ensuring timely supply for their operations. This robust supply chain supports their ability to deliver quality products consistently.

Conclusion

Their comprehensive approach to facade systems, combined with their extensive experience and commitment to quality, positions them as a leader in the industry. They continue to innovate and deliver solutions that meet the evolving needs of their clients, ensuring excellence in every project they undertake.

Objects of the Aesthetik Engineers Limited IPO:

The company proposes to utilize the net proceeds from the issue towards the following objectives: i. To meet out the Capital Expenditure Requirement of the Company; ii. To meet out the Working Capital requirements of the Company; iii. To meet out the General Corporate Purposes; and iv. To meet out the Issue Expenses.
DRHP of Aesthetik Engineers Limited IPO
RHP of Aesthetik Engineers Limited IPO

Aesthetik Engineers Limited IPO Details:

Open Date: Aug 08 2024
Close Date: Aug 12 2024
Total Shares: 4,564,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 26.47 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 55 - 58 Per Equity Share
Listing At: NSE Emerge
Listing Date: Aug 16 2024

Promoters And Management:

Mr. Avinash Agarwal, aged 45 years, is the Promoter, Chairman and Managing Director of the Company. He has been appointed as Director of the Company since incorporation and as Managing Director from February 15, 2024. He has completed his bachelor’s degree in commerce from Seth Anandram Jaipuria College. He has experience of over two decades in façade industry. He is the guiding force behind all the strategic decisions of the Company and is entrusted with the responsibility of looking after the overall management and operation of the Company. Ms. Sreeti Agarwal is the promoter and Executive Director of the Company. She has been appointed as Executive Director on March 15, 2024. She completed Bachelor of Arts from University of Calcutta in the Year 2000. She had an experience around 8 Years in façade industry. She is looking after the overall management and operation of the Company. Ms. Manisha Sureka, aged 47 years, is the promoter and Non-Executive Non-Independent Director of the Company. She has been appointed as Non-Executive Director of the Company on March 15, 2024. She has completed her master’s degree in science in applied mathematics from the University of Calcutta. Her role involves cultivating client relationships to uncover their full potential, and she assists the board in making equitable decisions.

Financials of Aesthetik Engineers Limited IPO:

Particulars ( In Lakhs )
2022
2023
2024

Revenue from Operations

 2,574 4,001 6,072
Other Income 19 35 7
Total Revenue 2,593 4,036 6,079
Cost of Materials Consumed 2,124 3,430 4,547
Change in Work-In-Progress 29 -74 -134
Employees Benefit Expenses 48 84 182
Other Expenses 258 357 707
EBITDA 134 239 778
OPM (%) 5.18% 5.93% 12.80%
Depreciation & Amortisation 34 33 52
EBIT 100 206 726
Finance Cost 31 55 72
PBT 69 151 654
Tax 114 38 151
PAT -45 113 503
NPM (%) -1.74% 2.79% 8.27%
No.of Shares 172.2 172.2 172.2
EPS -0.26 0.65 2.92

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Aesthetik Engineers Limited 61 5 2.92 19.9 58 100
Innovators facade System Limited 215 15 8.09 27.8 225 424
* All the data is as per FY24.

Recommendation on Aesthetik Engineers Limited IPO:

https://investorzone.in/wp-content/uploads/Aesthetik-Engineers-Limited-IPO-Analysis.pdf

Lead Manager of Aesthetik Engineers Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Aesthetik Engineers Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Aesthetik Engineers Limited 1858/1, 5th Floor, Unit 503-505, Acropolis Mall, Rajdanga Main Road, Kasba, Kolkata - 700107 Phone: +91 9836000052 Email: cs@aesthetik.in Website: http://www.aesthetik.in/

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