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
About

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.

Registrar

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Email: ipo@bigshareonline.com
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