Aesthetik Engineers IPO Allotment: Finalization Expected Today After Record-Breaking Subscription 2024 news
IPO Subscription Soars to New Heights
Aesthetik Engineers IPO Allotment: The highly anticipated Aesthetik Engineers IPO is set to finalize its allotment status today, Tuesday, August 13, following an exceptionally successful subscription period. The IPO, which closed on Monday, August 12, drew an overwhelming response from investors, achieving a remarkable subscription rate of 705.33 times across all categories. This impressive feat underscores the market’s robust appetite for Aesthetik Engineers’ shares, with over 214.13 crore shares bid for, far surpassing the 30.36 lakh shares that were initially offered.
Non-Institutional Investors Lead the Charge
The significant demand for Aesthetik Engineers’ IPO was primarily driven by the Non-Institutional Investor (NII) category, which saw subscriptions reach an astonishing 1,934.31 times. This surge in demand from NIIs highlights their confidence in the company’s potential for growth and profitability. The retail category also exhibited strong interest, with a subscription rate of 461.58 times, while the Qualified Institutional Buyers (QIB) category was subscribed 207.3 times.
Price Range and Allotment Details
Aesthetik Engineers had established a fixed price range for the public issue, setting it between ₹55 and ₹58 per equity share. This pricing strategy was likely a factor in attracting such high levels of participation from various investor categories. For those investors who did not receive shares, refunds will be processed promptly. Successful bidders can look forward to the shares of Aesthetik Engineers Ltd being credited to their demat accounts on Wednesday, August 14.
What’s Next for Investors?
As the market eagerly awaits the listing of Aesthetik Engineers’ IPO, investors are advised to mark their calendars for Friday, August 16, the tentative date for the IPO’s debut on the stock exchange. Prior to the listing, investors have the option to verify the share allotment status of Aesthetik Engineers’ IPO. This can be conveniently done on the official websites of the National Stock Exchange (NSE) or through the registrar, Skyline Financial Services Private Ltd.
How to Check Allotment Status
To check the allotment status, investors need to follow these steps:
- Visit the NSE website or Skyline Financial Services website.
- Navigate to the ‘IPO’ section and select ‘Aesthetik Engineers IPO.’
- Enter your PAN number, application number, or DP/Client ID.
- Submit the information to view your allotment status.
By following these steps, investors can quickly and easily confirm their allotment status and take appropriate actions based on the outcome.
