Aesthetik Engineers has made a blockbuster debut in the stock market. The company’s IPO has been listed on NSE SME today i.e. 16 August 2024 at Rs 110.20 with a premium of 90 percent. The company has doubled the money on the very first day. Let us tell you, the price band of the company’s IPO was Rs 55 to Rs 58.
Long line of buyers
The good thing from the investors’ point of view is that even after the blockbuster listing of the company, a long queue of buyers was seen. Due to which, the company’s shares got an upper circuit in no time. After a jump of 5 percent, the price of the company’s shares reached the level of Rs 115.70. After the upper circuit, the company’s trading has been stopped today. That means now no buying and selling can be done today.
The size of the company’s IPO was Rs 26.47 crore. Through this IPO, the company has issued 45.46 lakh shares. It will be completely based on fresh issue. Let us tell you, investors had the opportunity to bet on the IPO from 8 August to 12 August. The lot size of the IPO was 2000 shares. Due to which investors had to bet at least Rs 1,16,000.
The IPO was subscribed 705 times on the last day
On the third day, the IPO got 705 times subscription. In the non-institutional investors category, the IPO got 1933.96 times subscription. On the first day, it got 26.43 times subscription and on the second day, it got 52.21 times subscription. The company raised Rs 7.52 crore through anchor investors. Let us tell you, before the IPO, the total stake of the promoters in the company was 100 percent. Which has now come down to 73.50 percent.
