Aztec Fluids & Machinery is set to launch its initial public offering (IPO) with a book built issue valued at Rs 24.12 crores, comprising entirely of fresh shares totaling 36 lakh. The IPO bidding commenced on May 10, 2024, and will conclude on May 14, 2024. Allotment is anticipated to be finalized by Wednesday, May 15, 2024, with listing on the BSE SME expected on Friday, May 17, 2024.
The price band for the IPO is fixed at ₹63 to ₹67 per share, with a minimum lot size of 2000 shares, requiring a minimum investment of ₹134,000 for retail investors and ₹268,000 for HNIs (High Net-worth Individuals), equivalent to 2 lots of 4,000 shares each.
Hem Securities Limited serves as the book running lead manager, while Bigshare Services Pvt Ltd acts as the registrar. Hem Finlease will act as the market maker for the Aztec Fluids & Machinery IPO.
The Issue includes a fresh Issue of up to 36,00,000 Equity Shares of the Company at an Issue Price of ₹ 67 per Equity Share.
To support the inorganic growth, the Company intend to acquire the 100% equity shares of Jet Inks Private Limited (“Jet Inks”). Jet Inks is engaged in the business of manufacturing inks and also deals in printers, consumables and spares and has its registered office in Chennai. The Company seek to create long-term value for stakeholders through Acquisition by leveraging on existing manufacturing capacity and presence in Southern region of India.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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