Another small company has been listed in the stock market today. Shares of Aesthetic Engineers, which provides interior design services, have made a great entry on NSE’s SME today. This IPO was subscribed more than 705 times by the people. The price band of this IPO was Rs 58 per share and it has been listed at Rs 110.20.
This stock has entered the SME of NSE with a listing gain of 90 percent. However, even after listing, this stock saw a rise and this stock (Aesthetik Engineers Share Price) jumped to Rs 115.70. It has also hit an upper circuit today. This means that IPO investors have got 99.48 percent or double profit on this stock today.Aesthetic Engineers’ Rs 26.47 crore IPO was open for subscription from 8 to 12 August. This IPO received a great response from investors and overall it was subscribed 705.26 times. In this, Qualified Institutional Buyers (QIB) subscribed the reserve portion 207.31 times, Non Institutional Investors (NII) subscribed 1,933.96 times and Retail Investors subscribed 461.58 times.
Talking about the face value, the face value of this IPO is Rs 10. 45.64 lakh new shares were issued under this IPO. The company will use the money raised through these shares to meet capital expenditure, working capital requirements, general corporate purposes and issue related expenses.
Aesthetic Engineers, formed in 2003, provides interior design services. The company designs facade systems, aluminum doors, windows, railings and stairs. Apart from this, it also manufactures fiber reinforced concrete (GFRC). The company’s net profit in FY 2024 has jumped 346.74 percent to Rs 5.03 crore and revenue has increased by 50.64 percent to Rs 60.79 crore.
(Note- Before investing in the shares of any company, please take the help of a financial advisor.)
Source (PTI) (NDTV) (HINDUSTANTIMES)