Aeroflex Industries IPO Details ( Aeroflex Industries Limited IPO Review )
(22 Aug 2023 – 24 Aug 2023)
Established in 1993, formerly known as Suyog Intermediates Private Limited, Aeroflex Industries Limited specializes in producing and distributing environmentally friendly flexible metallic flow solution products.
Their array of offerings encompasses braided and unbraided hoses, solar hoses, gas and vacuum hoses, as well as interlock hoses, hose assemblies, jacketed hose assemblies, exhaust connectors, expansion bellows, compensators, and associated end fittings. By March 31, 2023, the company had amassed a product portfolio exceeding 1,700 unique Stock Keeping Units (SKUs).
Spanning an impressive 359,528 square feet, Aeroflex Industries operates its manufacturing plant in Taloja, Navi Mumbai, Maharashtra. The facility boasts certifications including Annex III, Module H of Directive 97/23/EC on Pressure Equipment, ISO 9001:2015 for Management Systems, ISO 14001:2015 for Environmental Management Systems, ISO 45001:2015 for Occupational Health & Safety, and NABL ISO/IEC 17025:2017 for testing. The company is also accredited with Statements of Conformity for various aspects of design, manufacturing, and testing. Moreover, they hold certificates of Design Assessment attesting to the quality, environmental, and health and safety management systems in place.
Aeroflex Industries caters to a diverse clientele including distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and businesses across a broad spectrum of industries.
In terms of financial performance, Aeroflex achieved a total revenue of Rs. 2,694.78 Lakhs in Fiscal Year 2023 and Rs. 2,409.92 Million in Fiscal Year 2022.
Aeroflex Industries Limited Company Product
- braided and unbraided hoses
- solar hoses, gas and vacuum hoses
- interlock hoses
- hose assemblies
- jacketed hose assemblies
- exhaust connectors
- expansion bellows
- compensators
- associated end fittings
Aeroflex Industries Limited IPO Competitive Strength
- Global flexible flow solutions provider operating in addressable market, catering to diverse industry segments
- Export oriented business model
- Primary Manufacturer of flexible flow solutions (Make-in-India, Make-For-World) with no listed peers with advanced manufacturing facility and R&D infrastructure
- High entry and exit barriers
- Experienced and dedicated senior team across key functions
Aeroflex Industries IPO Financials Performance ( Results )
Aeroflex Industries Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 157.19 | 144.94 | 4.69 | 0.41 | 52.70 | 4.61 | 63.46 | |
| 31-Mar-21 | 161.64 | 144.84 | 6.01 | 0.53 | 58.72 | 5.14 | 53.07 | |
| 31-Mar-22 | 183.44 | 240.99 | 27.51 | 2.41 | 86.22 | 7.54 | 39.13 | |
| 31-Mar-23 | 213.98 | 269.48 | 30.15 | 2.64 | 86.22 | 9.98 | 45.01 |
Objective of IPO Issue
- 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 IPO Basic Details
| IPO Date | Aug 22, 2023 to Aug 24, 2023 |
| Listing Date | Friday, September 1, 2023 |
| Face Value | ₹2 per share |
| Price | ₹102 to ₹108 per share |
| Lot Size | 130 Shares |
| Issue Size | 32,500,000 shares of ₹2 (aggregating up to ₹351.00 Cr) |
| Fresh Issue | 15,000,000 shares of ₹2 (aggregating up to ₹162.00 Cr) |
| Offer for Sale | 17,500,000 shares of ₹2 (aggregating up to ₹189.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 114,320,370 |
| Share holding post issue | 129,320,370 |
| Company Promoters | Sat Industries Limited |
Aeroflex Industries IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Aeroflex IPO Timetable
Aeroflex IPO will open on August 22, 2023 and close on August 24, 2023. You can join Aeroflex IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 22 August 2023 (Tuesday) |
| Closing Date | 24 August 2023 (Thursday) |
| Basis of Allotment | 29 August 2023 (Tuesday) |
| Initiation of Refunds | 30 August 2023 (Wednesday) |
| Credit of Shares to Demat | 31 August 2023 (Thursday) |
| Listing Date | 1 September 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 24 August 2023 |
Aeroflex Industries IPO Lot Size
For retail investors in Aeroflex Industries IPO, 130 shares will come in 1 lot or the minimum investment will be ₹14,040. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹196,560.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 130 | ₹14,040 |
| Retail (Max) | 14 | 1,820 | ₹196,560 |
| S-HNI (Min) | 15 | 1,950 | ₹210,600 |
| S-HNI (Max) | 71 | 9,230 | ₹996,840 |
| B-HNI (Min) | 72 | 9,360 | ₹1,010,880 |
Aeroflex Industries IPO Promoter Holding
The company’s promoters include Sat Industries Limited and Italica Global FZC.
| Pre Issue Share Holding | 91.09% |
| Post Issue Share Holding | 66.99% |
Aeroflex Industries Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1396.66 |
| Earning Per Share (EPS) | ₹2.64 per Equity Share |
| Net Asset Value (NAV) | ₹9.98 per Equity Share |
| P/E Ratio (P/E) (x) | 40.91 |
| Return on Net Worth (RoNW) (%) | 26.43 |
| Return on equity (ROE) (%) | 26.43 |
| Return on Capital Employed (ROCE) (%) | 31.91 |
| Debt/Equity Ratio | 0.39 |
Aeroflex Industries Ltd Peer Comparison
Primary manufacturer of flexible flow solutions (Make in India with no listed peers with advance manufacturing facility and R&D infrastructure)
Aeroflex Industries IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 28 August 2023 | ₹70 | – | – |
| 27 August 2023 | ₹70 | – | – |
| 26 August 2023 | ₹70 | – | – |
| 25 August 2023 | ₹70 | – | – |
| 24 August 2023 | ₹72 | – | – |
| 23 August 2023 | ₹72 | – | – |
| 22 August 2023 | ₹72 | – | – |
| 21 August 2023 | ₹58 | – | – |
| 20 August 2023 | ₹66 | – | – |
| 19 August 2023 | ₹66 | – | – |
| 18 August 2023 | ₹66 | – | – |
| 17 August 2023 | ₹65 | – | – |
| 16 August 2023 | ₹62 | – | – |
| 15 August 2023 | ₹55 | – | – |
| 14 August 2023 | ₹50 | – | – |
| 13 August 2023 | ₹40 | – | – |
Aeroflex Industries IPO Detail Video:
Aeroflex Industries IPO Subscription Status (Bidding Detail)
The Aeroflex Industries IPO on August 24, 2023 at 7:30:00 PM was subscribed 97.11 times, with the retail category being subscribed 34.41 times, the NII (Non-Institutional Investor) category being subscribed 126.13 times, QIB (Qualified-Institutional Buyers) category being subscribed 194.73 times and the Other category being subscribed 28.52 times.
| Category | Subscription |
| QIB | 194.73x |
| NII | 126.13x |
| Retail | 34.41x |
| Other | 28.52x |
| Total | 97.11x |
Aeroflex Industries IPO Prospectus
| Aeroflex Industries IPO DRHP | Download |
| Aeroflex Industries IPO RHP | Download |
| Aeroflex Industries IPO Anchor Investors Details PDF | Download |
Aeroflex Industries IPO Rating
| Our Rating | 4.0/5.0 |
Aeroflex Industries Company Contact Information
Aeroflex Industries Limited
Registered Office: Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC,
Village Chal, Behind IGPL, Panvel, Navi Mumbai – 410 208, Maharashtra, India.
Telephone: +91 91 22 61467100/ 22 22850888
Contact Person: Kinjal Kamlesh Shah, Company Secretary and Compliance Officer
Email: corporate@aeroflexindia.com
Website: www.aeroflexindia.com
Corporate Identity Number: U24110MH1993PLC074576
Our Promoter: Sat Industries Limited
Aeroflex Industries IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli West,
Mumbai – 400 083, Maharashtra, India.
Telephone: +91 8108114949
Email/ Investor grievance Email: aeroflexindustries.ipo@linkintime.co.in
Website: www.linkintime.com
Contact person: Shanti Gopalkrishnan
SEBI Registration No: INR000004058
Aeroflex Industries IPO Lead Manager
Pantomath Capital Advisors Private Limited
Registered Office: Pantomath Nucleus House, Saki Vihar Road,
Andheri East, Mumbai – 400 072 Maharashtra, India
Telephone: +91-22 6194 6700
Email and Investor Grievance Id: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
Contact Person: Bharti Ranga
SEBI Registration No: INM000012110
Aeroflex Industries IPO FAQs
What is the lot size of Aeroflex Industries IPO?
The total size of Aeroflex Industries IPO is ₹351 crores out of which ₹162 crores is fresh issue and ₹189 crores is offer for sale (OFS).
When will Aeroflex Industries IPO start?
Aeroflex Industries IPO will open from 22 August 2023 and IPO will close on 24 August 2023.
What is the open date of Aeroflex Industries IPO?
Aeroflex Industries IPO will open date from 22 August 2023.
What is the last date ( close date ) of Aeroflex Industries IPO?
Aeroflex Industries IPO will close from 24 August 2023.
What is the price band of Aeroflex Industries IPO?
Aeroflex Industries IPO price band is ₹102 to ₹108. ( Upper Price Band: ₹108, Lower Price Band: ₹102 )
What is the minimum amount required to apply for Aeroflex Industries IPO?
The minimum investment for retailers to apply for Aeroflex Industries IPO is ₹14,040 and the maximum investment is ₹196,560.
What is going on gray market premium of Aeroflex Industries IPO?
View gray market premium of Aeroflex Industries IPO by Clicking Here
How much is the GMP of Aeroflex Industries IPO?
Watch Aeroflex Industries IPO GMP Today: Click Here
What is the allotment date of Aeroflex Industries IPO?
The allotment date of Aeroflex Industries IPO is 29 August 2023.
How to check allotment status in Aeroflex Industries IPO?
To check the allotment status of Aeroflex Industries IPO, first of all go to the registrar website by clicking here, select your bad Aeroflex Industries IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Aeroflex Industries IPO?
The listing date of Aeroflex Industries IPO is 1 September 2023.
How much will be the listing gain in Aeroflex Industries IPO?
View listing gain of Aeroflex Industries IPO by Clicking Here
How much time Aeroflex Industries IPO is subscribed?
Total 97.11 times subscribed in Aeroflex Industries IPO out of which 34.41 times subscription was done in retail quota, 126.05 times subscription in NII quota and 194.73 times subscription in QIB quota.
How to apply for Aeroflex Industries IPO from Upstox?
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How to apply for Aeroflex Industries IPO from Zerodha?
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How to apply for Aeroflex Industries IPO from Angle One?
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