- The Aztec Fluids & Machinery IPO, which received a stellar response from investors, is expected to finalize its allotment today.
- Investors can monitor their allotment status through the registrar, Bigshare Services Pvt Ltd, or the BSE website.
- Shares will be allocated to retail individual investors (RIIs) on a proportional basis due to oversubscription in the retail category.
Investors eagerly await the allotment procedure for the Aztec Fluids & Machinery IPO after a highly successful bidding period. The allotment status can be monitored through the registrar or the BSE website.
Finalization of Aztec Fluids & Machinery IPO Allotment
The allotment for the Aztec Fluids & Machinery IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt Ltd, or the BSE website. With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those who do not receive allotment, Aztec Fluids & Machinery will commence the refund process for the application money on May 16, 2024. Concurrently, allotted shares will be credited to investors’ demat accounts on the same day following the refund process. Aztec Fluids & Machinery is an SME IPO, with shares slated to be listed on the BSE SME platform, tentatively scheduled for May 17, 2024.
How to Check Aztec Fluids & Machinery IPO Allotment Status
If you have applied for the Aztec Fluids & Machinery IPO, you can check your allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd. Steps include visiting the IPO registrar’s website, selecting ‘Aztec Fluids & Machinery’ in the ‘Company Selection’ dropdown menu, choosing among: application number, beneficiary ID, or PAN, entering the details as per the option selected, entering the Captcha and hitting the ‘Search’ option. Your Aztec Fluids & Machinery IPO allotment status will be displayed on the screen.
About Aztec Fluids & Machinery
Aztec Fluids & Machinery specialises in providing coding and marking solutions across various industries. Its diverse clientele includes sectors such as personal care, food and beverage, pharmaceuticals, construction materials, cables, wires, and pipes, metals, automotive and electronics, agrochemicals, chemicals, and petrochemicals, among others. The company’s product range encompasses printers like thermal transfer over (TTO), laser, NIJ (piezoelectric), and continuous inkjet (CIJ) printers, along with printer inks and consumables such as makeup and cleaning solvents.
Conclusion
The Aztec Fluids & Machinery IPO has received tremendous response from all investors, as it has been subscribed to 218.38 times. Notably, the retail portion was subscribed to 228.43 times, while the non-institutional investor (NII) portion was subscribed by 341.94 times. Qualified institutional buyers (QIBs) showed significant interest as well, with their portion subscribed by 107.93 times. The company intends to use the proceeds of the net issue to fund the proposed acquisition of equity shares of Jet Inks Private Limited, the repayment of a portion of certain borrowing and general corporate purposes.
