URL copied to clipboard

Trending News

Aztec Fluids & Machinery Soars in Its Debut, Lists at ₹90 with 34.33% Premium!

Aztec Fluids & Machinery debuted strongly on the BSE SME, opening at ₹90, a 34.33% premium over its issue price, marking a robust start on its first trading day.
Aztec Fluids & Machinery Soars in Its Debut, Lists at ₹90 with 34.33% Premium!
Aztec Fluids & Machinery Soars in Its Debut, Lists at ₹90 with 34.33% Premium!

Aztec Fluids & Machinery made a strong market debut, opening at ₹90 on the BSE SME, a significant 34.33% premium over its issue price. This impressive listing occurred on Friday, highlighting a robust initial performance for the company’s shares on the exchange.

Invest in Direct Mutual Funds IPOs Bonds and Equity at ZERO COST

The Aztec Fluids & Machinery IPO, opening May 10, 2024, and closing May 14, achieved a subscription rate of 218 times, with the retail portion at 228.43 times. The ₹24.12 crore book-built issue offered 36 lakh shares priced between ₹63 and ₹67, in 2000 share lots.

Founded in 2010, Aztec Fluids & Machinery Limited specialises in coding and marking solutions, producing printers and inks for various materials. They source inks from affiliated Fluidtech Corp and manufacture consumables in-house, featuring patented designs to prevent counterfeiting. They’re expanding in Gujarat with a new assembly and testing facility to enhance their Ahmedabad operations.

Aztec Fluids & Machinery Limited aims to raise funds for acquiring equity shares of Jet Inks Private Limited and repaying existing borrowings. Additionally, funds will be allocated for general corporate purposes to enhance business operations.

Loading
Submit the form, and get to know how you scored!!!
Read More News