Aztec Fluids & Machinery IPO Listing
Aztec IPO Listing: Aztec's ₹24.12 crore IPO was open for subscription from May 10-14. Today its shares have been listed.
Aztec Fluids & Machinery IPO Listing: Shares of printer company Aztec Fluids & Machinery had a successful entry on the SME platform of BSE today. Its IPO received overall bids of more than 218 times.
Shares have been issued under the IPO at a price of Rs 67. Today it has entered BSE SME at Rs 90, which means IPO investors got a listing gain of 34.32 percent (Aztec Listing Gain).
However, the shares fell after listing. It slipped to the lower circuit of Rs 85.50 (Aztec Share Price), which means IPO investors are now making 27.61 percent profit.
Aztec Fluids & Machinery IPO got strong response
Aztec's ₹24.12 crore IPO was open for subscription from May 10-14. This IPO received a tremendous response from investors and overall it was subscribed 218.38 times.
In this, the portion reserved for Qualified Institutional Buyers (QIB) was filled 107.93 times, the share for Non-Institutional Investors (NII) was 341.94 times and the share for retail investors was 228.43 times.
Under this IPO, 36 lakh new shares with face value of Rs 10 have been issued. The company will use the money raised through these shares to purchase shares of Jet Inks Private Limited, repay loans and for general corporate purposes.
About Aztec Fluids & Machinery
Established in April 2010, Aztec Fluids & Machinery provides printers, printer consumables and printer spares to various industries. Its products include Inkjet Printers, Thermal Transfer Over Printers, Drop on Demand Printers, Laser Printers and NIJ Printers.
It provides ink for printers as well as makeup and cleaning solvents. Its products are also exported to countries like Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria.
Talking about the financial health of the company, it has continuously strengthened. In the financial year 2021, it had a net profit of Rs 2.46 crore, which jumped to Rs 3.11 crore in the next financial year 2022 and to Rs 3.27 crore in the financial year 2023.
During this period, the company's revenue increased at a compound growth rate (CAGR) of more than 25 percent annually to Rs 54.53 crore.
Talking about the last financial year 2023-24, it has achieved net profit of Rs 4.51 crore and revenue of Rs 51,82 crore in April-December 2023.