Aztec Fluids & Machinery IPO fully booked in few hours of opening, retail portion sees huge demand; Check GMP, more.

The institution offers coding and marking solutions to a wide scope of industries, including idiosyncratic care, nutrient and beverage, pharmaceuticals, operation materials, cables, wires & pipes, metals, automotive & electronics, agrochemicals, chemicals & petrochemicals, etc., according to the Red Herring Prospectus (RHP).

The merchandise portfolio consists of the following: (i) printers, specified arsenic thermal transportation implicit (TTO), laser, NIJ (i.e., piezoelectric) and continuous inkjet (CIJ) printers; (ii) printer inks; and (iii) printer consumables, specified arsenic constitution and cleaning solvents.

Also Read: Indegene IPO allotment out. Latest GMP, listing date, however to cheque status

With the assistance of the company's merchandise line, customers tin people cardinal pieces of accusation connected products similar alloy tubes, aluminium panels, G.I. sheets, laminates, glass, PVC, plywood, woven sacs, corrugated boxes, plastics, and packing materials, including batch numbers, dates, prices, logos, brands, and sizes.

The company's sole listed adjacent is Control Print Ltd (with a P/E of 29.13). 

From March 31, 2022 to March 31, 2023, Aztec Fluids & Machinery Limited's nett aft taxation (PAT) climbed by 5.18% portion its income accrued by 17.46%.

Aztec Fluids & Machinery IPO Subscription Status

Aztec Fluids & Machinery IPO subscription presumption is 1.41 times, connected time 1, truthful far. The retail information has been subscribed 2.52 times, and NII information has been booked 69% connected time 1.

The institution has received bids for 33,80,000 shares against 23,96,000 shares connected offer, astatine 13:25 IST, according to information connected chittorgarh.com.

Also Read: Refractory Shapes IPO allotment successful focus; latest GMP, 4 steps to cheque stock allotment status

Aztec Fluids & Machinery IPO details 

Aztec Fluids & Machinery IPO, which is worthy astir ₹24.12 crore, consists of a caller contented of 3,600,000 equity shares with a look worth of ₹10. There is nary offer-for-sale component.

The institution intends to usage the nett issuance proceeds for the pursuing purposes: financing the planned acquisition of Jet Inks Private Limited equity shares, repayment of immoderate of the Company's borrowed funds arsenic good arsenic the General Corporate Purpose.

The publication moving pb manager for the Aztec Fluids & Machinery IPO is Hem Securities Limited, and the registrar is Bigshare Services Pvt Ltd. The marketplace shaper for Aztec Fluids & Machinery's IPO is Hem Finlease.

Also Read: Finelistings Technologies IPO allotment to beryllium finalised today; latest GMP, 4 steps to cheque status

Aztec Fluids & Machinery IPO GMP today 

Aztec Fluids & Machinery IPO GMP oregon grey marketplace premium is +30. This indicates Aztec Fluids & Machinery stock terms were trading astatine a premium of ₹30 successful the grey market, according to investorgain.com.

Shares of Aztec Fluids & Machinery are expected to database astatine a terms of ₹97 per share, 44.78% much than the IPO terms of ₹67, aft accounting for the apical extremity of the IPO pricing scope and the existent premium connected the grey market.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

Also Read: Slone Infosystems stock terms makes a bumper debut, banal opens with 50% premium astatine ₹118.50 apiece connected NSE SME

Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

Unlock a satellite of Benefits! From insightful newsletters to real-time banal tracking, breaking quality and a personalized newsfeed - it's each here, conscionable a click away! Login Now!

Published: 10 May 2024, 01:37 PM IST