Aztec Fluids and Machinery stock debuts at 34% premium on BSE SME platform

The , which was completely fresh issue of 36 lakh shares, received a healthy response from investors with an overall subscription of over 200 times at close.

The net proceeds from the public offer will be used to fund the proposed acquisition of equity shares held by , repayment of debt, and other general corporate purposes.

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Founded in 2010, the company provides coding and marking solutions to a diverse range of industries such as personal care, food and beverages, pharmaceuticals, construction materials, cables, wires and pipes, metals, automotive & electronics, agrochemicals, chemicals and petrochemicals etc.

Its product portfolio includes printers such as continuous inkjet printers, thermal transfer over printers (TTO), drop on demand printers (DOD), NIJ printers and laser printers, printer inks and printer consumable items.

Since 2015, the company has been an exclusive distributor of Lead Tech (Zhuhai) Electronic Co, China for CIJ printers, TTO printers and a range of associated equipment.

As of filing of RHP, owns two registered patents on the cartridge design in which the inks and makeup are filled. The cartridges are purchased by the company from a local manufacturer and in order to shield from the risks associated with counterfeit products, the company embeds a PCB chipset on each cartridge for identification purposes.

For the period ended December 2023, the company clocked revenues of Rs 50.92 crore and net profit of Rs 4.90 crore.

acted as the lead manager to the issue and Bigshare Services India was the registrar.