Aztec Fluids & Machinery Limited (BSE SME)
May 10, 2024 - May 14, 2024
| Price | ₹63 - ₹67 |
| Premium | ₹54 |
|---|---|
| Lot size | 2000 |
| Allotment | May 15, 2024 |
| Listing | May 17, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 134000 | 599 |
| HNI | 2 | 4000 | 268000 | 257 |
Last updated on 14 May 2024 | 05:54:19 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 684000 | 73824000 | 107.93 |
| HNIs | 514000 | 175938000 | 342.29 |
| Retail | 1198000 | 273660000 | 228.43 |
| Total | 2396000 | 523422000 | 218.46 |
| Total Application : 166,207 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹30.79 | @8% ₹35.19 | @9% ₹39.58 | @10% ₹43.98 | @11% ₹48.38 | @12% ₹52.78 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Finavenue Capital Trust - Finavenue Growth Fund | 300000 | 29.35% | 2.01 |
| Resonance Opportunities Fund | 262000 | 25.63% | 1.76 |
| AG Dynamic Funds Limited | 160000 | 15.66% | 1.07 |
| Imap India Capital Investment Trust - Catalyst New India Fund | 150000 | 14.68% | 1.01 |
| Visionary Value Fund | 150000 | 14.68% | 1.01 |
| Total | 1022000 | 100.00% | 6.85 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.28% | 1198000 |
| NII (HNI) | 14.28% | 514000 |
| Anchor | 28.39% | 1022000 |
| QIB | 19.00% | 684000 |
| Market Maker | 5.05% | 182000 |
| Total | 100.00% | 3600000 |
Aztec Fluids & Machinery Limited, established in April 2010, stands as a reputable provider of Printers, Printer consumables, and Printer Spares to a diverse array of industries, encompassing personal care, food and beverages, pharmaceuticals, construction materials, cables, wires, pipes, metals, automotive and electronics, agrochemicals, and chemicals and petrochemicals. Offering a comprehensive range of printers, including continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e., piezoelectric printers), and laser printers, alongside printer inks and consumable items such as makeup and cleaning solvents, the company ensures quality-assured solutions for varied printing needs. With a robust export network extending to countries like Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria, Aztec Fluids & Machinery Limited showcases its commitment to global outreach. Headquartered in Ahmedabad, the company operates a strategically located warehouse in Kheda, Gujarat, facilitating efficient storage of imported printers. As of December 31, 2023, the company boasted a proficient team comprising 28 employees dedicated to sales and marketing efforts and 51 employees focused on delivering exemplary after-sales service and support at client locations, reinforcing its dedication to customer satisfaction and retention.
Aztec Fluids & Machinery IPO Details
| Issue Size | 3,600,000 shares (aggregating up to ₹24.12 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹24.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,600,000 |
| Market Maker portion | 182,000 shares Hem Finlease |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 25.60% | 23.60% | 28.33% |
| ROCE | 25.38% | 22.07% | 24.86% |
| RONW | 22.69% | 21.32% | 25.13% |
| D/E | 0.28 | 0.37 | 0.45 |
| EPS (basic & Diluted) | 4.51 | 3.27 | 3.11 |
| P/BV | 3.37 | ||
| P/E Pre IPO | 20.47 |
Company Financials
Aztec Fluids & Machinery Limited Financial Information (Restated)
Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 4,287.00 | 3,090.06 | 2,707.75 | 2,112.81 |
| Revenue | 5,182.38 | 5,452.97 | 4,642.56 | 3,467.75 |
| Profit | 450.74 | 327.38 | 311.25 | 246.28 |
| Net Worth | 1,986.34 | 1,535.60 | 1,238.56 | 958.92 |
| Reserves | 986.34 | 1,335.60 | 1,237.56 | 957.92 |
| Borrowing | 565.95 | 562.31 | 552.40 | 514.34 |
| Amount in Lakhs | ||||
Strength Factors
Diverse Customer Base and Geographic Reach: Aztec Fluids & Machinery Limited benefits from a well-diversified customer base spanning multiple industries and geographic regions. This broad market presence mitigates risks associated with dependency on specific sectors or territories, ensuring stability and resilience in the face of economic fluctuations or regional challenges.
Comprehensive Product Portfolio: The Company’s varied product range, encompassing multiple types of printers and consumables, caters to the diverse needs of its customer base. This versatility not only enhances customer satisfaction but also enables Aztec Fluids & Machinery Limited to capitalize on emerging market trends and adapt to evolving industry requirements swiftly.
Established Customer Relationships: Aztec Fluids & Machinery Limited enjoys long-standing relationships with its customers, built on trust, reliability, and exceptional service. These enduring connections foster customer loyalty and repeat business, serving as a significant strength in maintaining market competitiveness and sustaining growth over time.
Risk Factors
Legal Proceedings and Regulatory Risks: The Company faces potential adverse impacts from outstanding legal proceedings involving its Directors and Promoters. Adverse decisions in these cases could significantly affect net worth, profitability, cash flows, and management focus, posing risks to business operations and financial stability.
Dependency on Leased Premises: Operating without ownership of manufacturing facilities, repair centers, and regional offices exposes the company to risks associated with non-renewal of lease agreements or disputes over premises usage. Any disruptions or disputes concerning these locations could adversely affect business activities and operational continuity.
Customer Concentration Risk: A substantial portion of the company's revenue relies on a few key customers without firm commitments. The loss of any major customer could have a material adverse effect on the company's business, cash flows, operational results, and financial condition, highlighting the vulnerability associated with customer concentration.
Aztec Fluids & Machinery IPO Lead Manager(s)
- Hem Securities Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html