Aztec Fluids & Machinery IPO: The IPO of Aztec Fluids and Machinery is receiving tremendous response from investors. The subscription status of Aztec Fluids & Machinery IPO is 10.37 times so far on the second day. Its retail portion has been subscribed 16.50 times and NII portion has been booked 7.56 times in 1 day. Qualified Institution Buyers (QIBs) have been booked 1.75 times. Let us tell you that Aztec Fluids and Machinery IPO was subscribed 3.97 times on the very first day.
IPO was opened on 10th May
The company’s IPO was open for investment on Friday, May 10. Investors can invest money in this issue till Tuesday, May 14. The price band of the IPO has been fixed at ₹63 to ₹67 per equity share. Each IPO lot will have 2,000 shares. The book running lead manager for Aztec Fluids & Machinery IPO is Hem Securities Limited and the registrar is BigShare Services Pvt. Ltd. The market maker for Aztec Fluids & Machinery’s IPO is Heim Finleys.
IPO came at ₹ 395, now the price will cross ₹ 44000, experts said – buy
₹48 IPO is creating havoc in gray market, will give huge profit of 100% on listing
What’s going on GMP?
According to InvestorGain.com, shares of Aztec Fluids & Machinery are trading at a premium of ₹30 in the gray market. That means shares of Aztec Fluids and Machinery can be listed at a price of ₹ 97 per share. This is 44.78% higher than the IPO price of ₹67.
company business
According to the Red Herring Prospectus (RHP), the company caters to a wide range of industries including personal care, food and beverages, pharmaceuticals, building materials, cables, wires and pipes, metals, automotive and electronics, agrochemicals, chemicals and petrochemicals, etc. And marking provides solutions. Its product portfolio includes the following – (i) printers, such as thermal transfer over (TTO), laser, NIJ (i.e., piezoelectric) and continuous inkjet (CIJ) printers; (ii) printer ink; and (iii) printer consumables, such as makeup and cleaning solvents.
