Aeroflex Industries Ltd
Price Range
₹102 - ₹108
Min. Quantity
130
Closes on
24 August 2023
Min. investment
₹14,040/1,820 Shares
Aeroflex Industries Ltd IPO Timeline
Aeroflex Industries Limited (Formerly known Suyog Intermediates Private Limited) was incorporated as a Private Limited Company on October 19, 1993, which later on was changed to Aeroflex Industries Private Limited' dated October 28, 1998. Subsequently, Company was converted to a Public Company and name of the Company was changed to Aeroflex Industries Limited', vide fresh Certificate of Incorporation dated August 23, 2006 issued by the Registrar of Companies, Mumbai. Company is a subsidiary of SAT Industries Limited with a holding of 61.23%.
| Event | Date |
|---|---|
| Aeroflex Industries Ltd IPO Opening Date | 22 August 2023 |
| Aeroflex Industries Ltd IPO Closing Date | 24 August 2023 |
| Basis of Allotment | 29 August 2023 |
| Initiation of Refunds | 30 August 2023 |
| Credit of Shares to Demat | 31 August 2023 |
| Aeroflex Industries Ltd IPO Listing Date | 31 August 2023 |
Aeroflex Industries Ltd IPO Details
| Aeroflex Industries Ltd IPO Date | 22 August 2023 to 24 August 2023 |
| Aeroflex Industries Ltd IPO Face Value | ₹2 per share |
| Aeroflex Industries Ltd IPO Price | ₹102 to ₹108 per share |
| Aeroflex Industries Ltd IPO Lot Size | 130 |
| Issue Size | Shares of ₹2 (aggregating up to ₹351 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹162 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹178.5 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 62,76,490 of the Net Offer |
| Retail Shares Offered | Not less than 1,15,08,824 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 49,32,353 of the Net Offer |
| Company Promoters | Sat Industries Ltd |
Aeroflex Industries Ltd IPO Lot Size
The Aeroflex Industries Ltd IPO lot size is 130 shares. A retail-individual investor can apply for up to 14 lots (1,820 shares or ₹1,96,560).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 130 | ₹14,040 |
| Maximum | 14 | 1,820 | ₹1,96,560 |
- Strengths
- Risks
- Opportunities
- Global flexible flow solutions provider operating in huge addressable market, catering to diverse industry segments
- Export oriented business model;
- Primary manufacturer of flexible flow solutions (Make in India with no listed peers with advance manufacturing facility and R&D infrastructure);
- High entry and exit barriers;
- Experienced and dedicated senior team across key functions.
Company Financials
Aeroflex Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 374.85 | 321.69 | 41.75 |
| 03-2023 | 214.09 | 269.42 | 30.16 |
| 03-2022 | 183.51 | 240.99 | 27.57 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Full or part repayment and/or prepayment of certain outstanding secured borrowings(including foreclosure charges, if any)availed by the company
- Funding working capital requirements of the company
- General corporate purposes and Unidentified inorganic acquisitions
Aeroflex Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 84.57% |
| Post Issue Share Holding | 74.76% |
Aeroflex Industries Ltd IPO Subscription Status (Bidding Detail)
The Aeroflex Industries Ltd IPO is subscribed 97.11 times on 24 August 2023 05:00:00 PM. The public issue subscribed 34.41 times in the retail category, 194.73 times in the QIB category, and 126.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 194.73 | 126.13 | 34.41 | - | 97.11 |
Aeroflex Industries Ltd IPO Prospectus
Aeroflex Industries Ltd IPO Listing Date
| Listing Date | 31 August 2023 |
| BSE Script | 543972 |
| NSE Symbol | AEROFLEX |
| Listing In | BSE, NSE |
| ISIN | INE024001021 |
| IPO Price | ₹108 |
| Face Value | ₹2 |
Company Contact Information
Plot # 41 42/13 42/14 & 42/18Taloja MIDC Vilg. Chal Panvel,Navi Mumbai-410208
Phone: 91-91-22-61467100/22-22850888
Email: corporate@aeroflexindia.com
Website: www.aeroflexindia.com
Aeroflex Industries Ltd IPO Registrar
Aeroflex Industries Ltd IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
FAQ
What is the issue size of Aeroflex Industries Ltd IPO?
I have pre-applied for Aeroflex Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.