Aztec Fluids & Machinery Limited IPO
Aztec Fluids & Machinery Limited IPO
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Aztec Fluids & Machinery Limited's successfully transitioned to public market status with its listing on BSE on 17-05-2024. The IPO mobilized 36,00,000 Shares in cumulative capital, including 36,00,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹63 to ₹67, with minimum investment lots of 2000 shares. subscription activity between 10-05-2024 and 14-05-2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 15-05-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Aztec Fluids IPO About Company
Founded in April 2010, Aztec Fluids & Machinery Limited is a trusted provider of printers, printer consumables, and spare parts, serving a wide range of industries, including personal care, food & beverages, pharmaceuticals, construction, automotive, electronics, and chemicals. The company offers a comprehensive range of printers, such as continuous inkjet (CIJ), thermal transfer over (TTO), drop-on-demand (DOD), piezoelectric (NIJ), and laser printers, along with essential consumables like inks, makeup, and cleaning solvents to ensure reliable printing solutions. With a strong export presence in Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya, and Nigeria, Aztec Fluids & Machinery demonstrates its commitment to global markets. Headquartered in Ahmedabad, the company operates a strategic warehouse in Kheda, Gujarat, enabling efficient storage and distribution of imported printers. As of December 31, 2023, Aztec Fluids & Machinery is powered by a skilled team of 28 sales and marketing professionals and 51 after-sales service experts, ensuring exceptional customer support and long-term client satisfaction.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Aztec Fluids IPO Strength Factors
- Wide Market Reach: With customers across multiple industries and regions, Aztec Fluids & Machinery reduces reliance on any single sector, ensuring business stability even during market fluctuations.
- Versatile Product Offerings: A diverse range of printers and consumables allows the company to meet varying customer needs, stay ahead of market trends, and quickly adapt to industry changes.
- Strong Customer Loyalty: Long-standing relationships built on trust, reliability, and excellent service foster repeat business, helping maintain competitiveness and drive sustained growth.
Aztec Fluids IPO Risk Factors
- Legal & Regulatory Risks: Ongoing legal proceedings involving the Directors and Promoters could impact the company’s net worth, profitability, and cash flow, potentially diverting management’s focus from business operations.
- Reliance on Leased Properties: Without ownership of manufacturing facilities, repair centers, and regional offices, the company faces risks related to lease renewals and potential disputes, which could disrupt operations.
- Customer Dependence: A significant portion of revenue comes from a few key customers without long-term commitments. Losing any major client could negatively impact cash flow, profitability, and business stability.
Aztec Fluids IPO Lead Manager(s)
- Hem Securities Limited
Aztec Fluids IPO Promoter(s)
- Pulin Kumudchandra Vaidhya
- Amisha Pulin Vaidhya
- Kumudchandra Bhagwandas Vaidya
Aztec Fluids IPO FAQs
Aztec Fluids & Machinery Limited IPO subscribed 218.46 times. The public issue subscribed 228.43 times in the retail category,107.93times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 10:35:00 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Aztec Fluids IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Aztec Fluids IPO FAQs
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