Aesthetik Engineers IPO allotment: Check status, GMP, listing date and other details

After getting a bumper response for the IPO, Aesthetik Engineers finalised the share allotment late Tuesday. Investors can check the status of Aesthetik Engineers IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.

Follow the step by step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Skyline Financial Services (https://www.skylinerta.com/ipo.php)


Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

Aesthetik Engineers GMP

In the unlisted market, the company's shares are trading with a premium of Rs 103. If the trends sustain, the company's shares are expected to list with 78% gains on August 16. The company has priced the IPO at Rs 58 at the upper end.

The Rs 27 crore SME IPO of Aesthetik Engineers was subscribed over 700 times at close, driven by robust demand across categories. The IPO is entirely a fresh equity sale of 45.64 lakh shares.

The net proceeds from the public offer will be used for funding working capital requirements, capital expenditure and other general corporate purposes.

The company is engaged in the business of designing, engineering, fabrication and installation of facade systems. Its portfolio includes building facades, Aluminium Doors and Windows, Railing and Staircase and Glassfibre Reinforced Concrete (GRC).

The global facade market size reached $273.2 billion in 2023. Looking forward, the market is expected to reach $499.4 billion by 2032, exhibiting a growth rate (CAGR) of 6.93% during 2024-20.

For the year ended March 2024, the company clocked total revenues of Rs 60 crore and net profit of Rs 50 lakh.

Narnolia Financial Services is acting as the lead manager to the issue and Skyline Financial Services is the registrar.