Aesthetik Engineers Limited, founded in 2003, specialises in the design, engineering, fabrication, and installation of façade systems, aluminium doors and windows, railings and staircases, and Glassfibre Reinforced Concrete (GFRC). Serving various industries such as hospitality, residential, commercial, and infrastructure projects, the company offers end-to-end solutions from design to installation.
Based in Kolkata, Aesthetik Engineers operates a 3,000-square-meter production facility in Howrah. The company emphasises quality and performance in its products, which are resistant to heat, UV rays, rain, dust, noise, and other elements. The company has executed numerous projects across West Bengal, Bihar, Maharashtra, Assam, Odisha, and Gujarat, catering to commercial complexes, residential buildings, airports, and malls.
Aesthetik Engineers collaborates with recognised domestic and international suppliers to ensure timely material supply. The company's standardised operating processes for design, fabrication, and installation ensure consistency, quality control, and efficiency. With over two decades of experience, the company is distinguished by its high-quality, cost-effective solutions that meet both national and international standards. As of June 30, 2024, Aesthetik Engineers employs 52 permanent staff, reflecting its robust in-house capabilities in engineering, design, fabrication, and material development.
Industry Outlook:
- The Interim Budget 2024-25 boosts infrastructure investment by 11.1% to ₹11.11 lakh crore (US$ 133.86 billion), accounting for 3.4% of GDP.
- India's logistics market, valued at US$ 317.26 billion in 2024, is projected to reach US$ 484.43 billion by 2029, with an 8.8% CAGR.
Aesthetik Engineers Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital Expenditure Requirement of the Company;
- Working Capital requirements of the Company;
- General Corporate Purposes and
- Issue Expenses.
Peer Details
Aesthetik Engineers Limited considers Innovators Facade Systems Ltd as the only listed company in India or abroad as its peers.
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Contact Details of Aesthetik Engineers Limited IPO
- Registered office: 1858/1, 5th Floor, Unit 503-505, Acropolis Mall, Rajdanga Main Road, Kasba, Kolkata, West Bengal-700107, India
- Phone: +91 9836000052
- E-mail: cs@aesthetik.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue From Operations (in ₹ lakh) | 6,072.03 | 4,000.97 |
| Profit After Tax (PAT) (in ₹ lakh) | 502.98 | 112.58 |
| Cash & Cash Equivalents (in ₹ lakh) | 135.15 | 26.09 |
| Net Worth (in ₹ lakh) | 1,502.40 | 999.41 |
| Debt to Equity Ratio(x) | 0.57 | 0.59 |
| Return on Equity (%) | 0.40% | 0.12% |
| Return on Capital Employed (RoCE) (%) | 0.37% | 0.18% |
| Earning Per Share (EPS)-in absolute ₹ | 3.97 | 13.34 |
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Strengths
6Experienced team led by the promoter with 20+ years in the industry.
Dedicated logistics ensure seamless operations across India.
Adherence to global quality standards for product excellence.
Advanced Italian machinery enhances fabrication efficiency and quality.
In-house testing reduces fabrication time and costs.
Stable customer base with longstanding government contracts.
Risks
6Legal proceedings risk potential liabilities totalling ₹11,62,48,150.
Certification failures may impact business and operations adversely.
Registered office and factory premises rented, not owned.
Seasonal factors and monsoons disrupt operations and project timelines.
Significant revenue concentration in West Bengal at 86.52%.
Negative cash flows from operations, investing, and financing activities.
