Aztec Fluids & Machinery Ltd IPO
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Aztec Fluids & Machinery Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36 L | TBA | ₹ 11.98 L | ₹ 100 L | BSE | ₹ 24.12 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 May, 24 | 14 May, 24 | 2000 | ₹ 1,26,000 | Book Building - SME | 17 May, 24 |
Aztec Fluids & Machinery Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Computers - Hardware |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 43.27x | 1706000 | 73824000 |
| NII | 342.29x | 514000 | 175938000 |
| Retail | 228.43x | 1198000 | 273660000 |
| Employee | 0x | 0 | 0 |
| Total | 145.4x | 3600000 | 523422000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Aztec Fluids & Machinery Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.45 | 4.59 | 4.46 |
| EBITDA | 8.75 | 4.89 | 4.78 |
| PAT | 6.13 | 3.19 | 3.11 |
| Total Assets | 27.18 | 20.68 | 18.15 |
| Share Capital | 10.00 | 2.00 | 0.01 |
| Total Borrowings | 13.89 | 7.23 | 5.95 |
| Operating Activities (Net Cash) | 6.43 | 3.49 | 3.43 |
| Investing Activities (Net Cash) | 3.71 | 3.04 | 3.83 |
| Financing Activities (Net Cash) | 13.89 | 7.23 | 5.95 |
| Net Cashflow | 1.27 | 3.05 | 0.58 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Aztec Fluids & Machinery Ltd
Aztec Fluids & Machinery Limited was originally incorporated as a private limited Company under the name of Aztec Fluids & Machinery Private Limited on April 28, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli bearing registration number as 060446. Thereafter, the Company was converted from private limited to public limited, pursuant to a special resolution passed by the shareholders of the Company on November 08, 2023 and the name of the Company was changed from Aztec Fluids & Machinery Private Limited to Aztec Fluids & Machinery Limited vide fresh certificate of incorporation dated November 24, 2023, issued by the Registrar of Companies, Ahmedabad. The Corporate identification number of the Company is U24100GJ2010PLC060446.
India's Capital Goods manufacturing industry serves as a strong base for its engagement across sectors such as Engineering, Construction, Infrastructure and Consumer goods, amongst others. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations. Capital Goods sector contributes to 12% of India's manufacturing output and 1.8% to GDP. Market valuation of the capital goods industry was US$ 43.2 billion in FY22. The Indian electronics manufacturing industry is projected to reach US$ 520 billion by 2025. The demand for electronic products is expected to rise to US$ 400 billion by 2025 from US$ 33 billion in FY20. Electronics market has witnessed a growth in demand with market size increasing from US$ 145 billion in FY16 to US$ 215 billion in FY19-the market witnessed a growth of 14% CAGR from 2016-19. Electronics system market is expected to witness 2.3x demand of its current size (FY19) to reach US$ 160 billion by FY25.
Established in 2010, Aztec Fluids & Machinery Limited provides coding and marking solutions to a diverse range of industries such as personal care, food & beverages, pharmaceuticals, construction materials, cables, wires & pipes, metals, automotive & electronics, agrochemicals, chemicals & petrochemicals etc. Its product portfolio includes (i) printers such as continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers) and laser printers (ii) printer inks and (iii) printer consumable items i.e. makeup and cleaning solvents.
Peer Comparison:
- Control Print Ltd
Aztec Fluids & Machinery Ltd IPO Key Points
Strengths
- Well diversified customer base spread across various industries and geography.
- Varied product range appealing to a diverse customer base.
- Long standing relationship with its customers.
- Experienced Promoters with strong management team having domain knowledge.
Risk
- There are outstanding legal proceedings involving the Company, its Directors and the company Promoters. Any adverse decisions could impact its networth, profitability, cashflows and divert management time and attention and have an adverse effect on its business, prospects, results of operations and financial condition.
- Termination or non-renewal of the distributorship agreement with Lead Tech or any material modification to the existing terms under such agreement adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.
- Termination or non-renewal of the manufacturing and supply agreement with Fluidtech Corp (Fluidtech) or any material modification to the existing terms under such agreement adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.
Strategy
- Expansion through setup of printer assembly unit.
- Derive synergy from the acquisition of Jet Inks Private Limited.
- Expand its geographical presence.
- Continue to strengthen its relationships with the customers.
- Continue to reduce operating costs and improve operational efficiencies.
- Well diversified customer base spread across various industries and geography.
- Varied product range appealing to a diverse customer base.
- Long standing relationship with its customers.
- Experienced Promoters with strong management team having domain knowledge.
How To Apply for Aztec Fluids & Machinery Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.