Aesthetik Engineers Ltd IPO

Aesthetik Engineers Limited was incorporated as a Private Limited Company under the Companies Act, 1956 in the name and style of Aesthetik Engineers Private Limited bearing Certificate of Incorporation Number U74210WB2008PTC124716 issued by the Registrar of Companies, Kolkata dated April 02, 2008 upon takeover of the existing partnership firm namely M/s Aesthetik. Further, the Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of the Company at the Extra-Ordinary General Meeting held on December 18, 2023 and the name of the Company changed from Aesthetik Engineers Private Limited to Aesthetik Engineers Limited & Registrar of Companies, Kolkata issued a new certificate of incorporation consequent upon conversion dated January 24, 2024. As on date of this Draft Red Herring Prospectus, the Corporate Identification Number of the Company is U74210WB2008PLC124716.

Global Facades Market Overview: Facades Market Size was valued at USD 220.9 billion in 2022. The Facades market industry is projected to grow from USD 235.0376 Billion in 2023 to USD 386.0738 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2023 - 2032). Increased unprecedented growth in the development of energy-saving fa'ade materials development of advanced materials along with an increased focus on aesthetics is the key market driver enhancing the market growth. Indian Fa'ade Market: The India facade market size reached US$ 2,855.4 Million in 2023. Looking forward, the market is expected to reach US$ 5,431.9 Million by 2032, exhibiting a growth rate (CAGR) of 7.18% during 2024-2032. Factors Affecting the Growth of the India Facade Industry: Increasing Urbanization and Real Estate Development. Continuous Technological Advancements and Innovation. Continuous Technological Advancements and Innovation. The India facade market is currently witnessing a dynamic shift characterized by the increasing adoption of sustainable and energy-efficient facade materials. With rapid urbanization and the growing emphasis on green building norms across the country, there is a notable trend toward using advanced, eco-friendly materials like high-performance glass and composites. In line with this, ongoing technological innovations, particularly in digital design and prefabrication, are enabling more complex and aesthetically pleasing facade designs, thus contributing to market growth. Global Aluminum Doors and Windows Industry: Aluminum Doors and Windows Market Size was valued at USD 67.5 Billion in 2022. The Aluminum Doors and Windows market Product is projected to grow from USD 69.5 Billion in 2023 to USD 88.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.00% during the forecast period (2023 - 2032). Due to the significant financial investments being made in building construction projects and the rising quantity of construction projects, are the key market drivers enhancing the market growth. In the context of the market, consumer awareness of energy- efficient and green constructions has significantly increased, as has early acceptance and government support. This has aided the growth of the regional market and, as a result, created an excellent level of competition and increased market size. Indian Aluminum Doors and Windows Industry: India Aluminum Doors and Windows Market registered a growth of 54.53% in value shipments in 2022 as compared to 2021 and a decrease of -10.35% CAGR in 2022 throughout 2017. The India aluminum doors and windows market is primarily driven by the construction and real estate sector. The demand for energy-efficient and aesthetically pleasing building components has fueled the growth of aluminum doors and windows. They offer durability, low maintenance, and corrosion resistance, making them a preferred choice for modern construction. Government initiatives promoting affordable housing and urban development are also stimulating market growth.

Aesthetik Engineers Limited is engaged in the business of designing, engineering, fabrication and installation of facade systems. Our portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GRC). The Company offers a wide range of products and services to meet the demands of our customers who belong to various industries such as Hospitality, Architecture, and Infrastructure. The Company executes end to end solution of its offerings i.e, from designing of fa'ade to installation of facade at the site. The Company has a factory situated at Howrah, Kolkata which is being used for the fabrication and assembly of its products with emphasis on quality and performance which are resistant against UV rays, rains, dust, noise and other substance,