Aztec Fluids & Machinery opened for subscription on Friday, May 10, and will close on Tuesday, May 14. The IPO price band is set between ₹63 and ₹67 per equity share, each with a face value of ₹10. The minimum application size is one lot of 2,000 shares, with additional applications accepted in multiples of 2,000 shares.

If you applied for the IPO, here is how you can check the Aztec Fluids & Machinery IPO allotment status.

Checking Aztec Fluids & Machinery IPO Allotment Status on Registrar's Website:

Follow these steps to check the Aztec Fluids & Machinery IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Aztec Fluids & Machinery" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Aztec Fluids & Machinery IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Aztec Fluids & Machinery" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Aztec Fluids & Machinery IPO allotment status will be visible.

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Aztec Fluids & Machinery IPO Subscription Status

The company, according to its Red Herring Prospectus (RHP), offers coding and marking solutions to various industries, including personal care, food and beverage, pharmaceuticals, construction materials, cables, wires, pipes, metals, automotive, electronics, agrochemicals, chemicals, and petrochemicals.

Their product portfolio includes printers such as thermal transfer over (TTO), laser, piezoelectric (NIJ), and continuous inkjet (CIJ) printers, as well as printer inks and consumables like makeup and cleaning solvents.

Customers use the company’s products to print essential information like batch numbers, dates, prices, logos, brands, and sizes on materials such as steel tubes, aluminum panels, G.I. sheets, laminates, glass, PVC, plywood, woven sacks, corrugated boxes, plastics, and packaging materials.

The company's only listed peer is Control Print Ltd, which has a price-to-earnings (P/E) ratio of 29.13. For the fiscal year ending March 31, 2023, Aztec Fluids & Machinery Limited reported a 5.18% increase in profit after tax (PAT) and a 17.46% rise in sales compared to the previous year.

IPO Subscription Status

By the close of the third day, the IPO was subscribed 218.38 times. The retail portion was subscribed 228.43 times, the NII portion 341.94 times, and the QIB portion 107.93 times. The company received bids for 52.3 crore shares against 24 lakh shares on offer. On the first day, the subscription status was 3.97 times, and on the second day, it reached 20.78 times.

IPO Details

The Aztec Fluids & Machinery IPO, aiming to raise ₹24.12 crore, consists solely of a fresh issue of 36 lakh equity shares with a face value of ₹10 each. There is no offer-for-sale component. The proceeds from the IPO will be used to finance the planned acquisition of Jet Inks Private Limited, repay some of the company's borrowings, and for general corporate purposes.

Grey Market Premium

As of today, the grey market premium (GMP) for the Aztec Fluids & Machinery IPO is ₹35, suggesting that shares are trading at a premium in the grey market. This indicates that the shares might list at around ₹102 each, a 52.24% increase over the top end of the IPO price range.

The strong GMP reflects investors’ willingness to pay a premium over the issue price, indicating high demand and positive market sentiment towards the IPO.

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