About
Aztec Fluids & Machinery Limited is launching its IPO. The offer opens for subscription on 10th May 2024 and will close on May 14th, 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Aztec Fluids & Machinery Limited do?
Aztec Fluids & Machinery Limited was established in 2010, the company offers coding and marking solutions across various industries such as personal care, food & beverages, pharmaceuticals, and more. Their product range includes printers like CIJ, TTO, DOD, NIJ, and laser printers, along with inks and consumables.
They serve clients in India and several other countries, acting as the exclusive distributor for Lead Tech products. Inks are procured from Fluidtech, a partnership firm of the promoters, with whom they have a manufacturing and supply agreement. The company owns patents for cartridge designs and has expanded its infrastructure by acquiring land for assembling and testing facilities. They generate significant domestic sales, particularly in Gujarat, Rajasthan, and Tamil Nadu.
With regional offices in Mumbai, Kolkata, and Hyderabad, they maintain a dedicated team for sales, marketing, and after-sales service. Additionally, they have recently entered into an agreement to acquire Jet Inks, a Chennai-based company, which will become their wholly-owned subsidiary upon completion.
Schedule/Timeline of Aztec Fluids & Machinery Limited IPO
| Issue Period | 10th May to 14th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 15, 2024 |
| Initiation of Refunds | May 16, 2024 |
| Credit of Shares | May 16, 2024 |
| Date of Listing | May 17, 2024 |
| Mandate end date | May 29, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 14, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 13, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Aztec Fluids & Machinery Limited IPO?
You can apply for the Aztec Fluids & Machinery Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Aztec Fluids & Machinery Limited IPO?
You can check the allotment status for the Aztec Fluids & Machinery Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.