The Aeroflex Industries IPO commenced on August 22, 2023, and concluded on August 24, 2023. The allotment of shares took place on August 29, 2023, and the initiation of refunds began on August 30, 2023. The shares were credited to the demat accounts of investors on August 31, 2023. Finally, the listing of Aeroflex Industries on the stock exchange occurred on September 1, 2023.
The Aeroflex Industries IPO was priced at ₹102 to ₹108 per share, with a lot size of 130. The total issue size was ₹351 crores, comprising a fresh issue of ₹162 crores and an offer for sale of ₹189 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Aeroflex Industries IPO Basic Details
| Company Name | Aeroflex Industries Limited |
| Domain of Company | Environment Friendly Metallic Flexible Flow Solution Products |
| Aeroflex Industries IPO GMP Today | ₹70 |
| Aeroflex Industries IPO Listing Gain | 64.81% |
| Aeroflex Industries IPO Open Date | August 22, 2023 |
| Aeroflex Industries IPO Close Date | August 24, 2023 |
| Aeroflex Industries IPO Allotment Date | August 28, 2023 |
| Aeroflex Industries IPO Listing Date | 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 |
| Company Promoters | Sat Industries Limited |
Aeroflex Industries IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 28 August 2023 | ₹70 | 64.81% | – | – |
| 27 August 2023 | ₹70 | 64.81% | – | – |
| 26 August 2023 | ₹70 | 64.81% | – | – |
| 25 August 2023 | ₹70 | 64.81% | – | – |
| 24 August 2023 | ₹72 | 66.67% | – | – |
| 23 August 2023 | ₹72 | 66.67% | – | – |
| 22 August 2023 | ₹72 | 66.67% | – | – |
| 21 August 2023 | ₹72 | 66.67% | – | – |
| 20 August 2023 | ₹66 | 61.11% | – | – |
| 19 August 2023 | ₹62 | 57.41% | – | – |
| 18 August 2023 | ₹62 | 57.41% | – | – |
| 17 August 2023 | ₹62 | 57.41% | – | – |
| 16 August 2023 | ₹62 | 57.41% | – | – |
| 15 August 2023 | ₹55 | 50.93% | – | – |
Aeroflex IPO Details:
Established in 1993, Aeroflex Industries Limited, formerly known as Suyog Intermediates Private Limited, specializes in the production and distribution of environmentally-friendly metallic flexible flow solution products.
Their product range encompasses various types of hoses such as braided, unbraided, solar, gas, vacuum, as well as braiding and interlock hoses. Additionally, they offer hose assemblies including lancing hose assemblies, jacketed hose assemblies, and exhaust connectors. Other products include exhaust gas recirculation (EGR) tubes, expansion bellows, compensators, and associated end fittings. As of March 31, 2023, the company boasts an extensive product portfolio comprising over 1,700 distinct Product SKUs (Stock Keeping Units).
Situated in Taloja, Navi Mumbai, Maharashtra, Aeroflex Industries operates a manufacturing facility spanning 359,528 square feet. The facility holds certifications including Annex III, Module H of Directive 97/23/EC on Pressure Equipment, ISO 9001:2015 for Management System, ISO 14001:2015 for Environmental Management System, ISO 45001:2015 for Occupational Health & Safety, as well as NABL ISO/IEC 17025:2017 for testing. The company also possesses certifications related to quality procedures such as EN ISO 10380:2012 and BS 6501-1 (E:2004), along with a Design Assessment certificate for quality, environmental, and health and safety management systems.
Aeroflex Industries serves a diverse clientele including distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and businesses spanning various industries.
In the fiscal year 2023, Aeroflex achieved a total revenue of Rs. 2694.78 Lakhs, following Rs. 2409.92 Million in fiscal year 2022.
Aeroflex Industries IPO More Details Click Here
Aeroflex Industries IPO FAQs
When is Aeroflex Industries IPO open?
Aeroflex Industries IPO will open on 22 August 2023.
When is Aeroflex Industries IPO Close?
Aeroflex Industries IPO will be closed on 24 August 2023.
What is Aeroflex Industries IPO GMP Today?
The Aeroflex Industries IPO GMP aka Grey Market Premium is ₹70.
What is Aeroflex Industries IPO Kostak Rates Today?
The Aeroflex Industries IPO Kostak Rate is ₹000.
What is Aeroflex Industries IPO Subject to Sauda Price Today?
The Aeroflex Industries IPO subject to sauda rates is ₹000.
Aeroflex Industries IPO Expected Returns?
The Aeroflex Industries expected return is 64.81%.
How much will be the listing gain in Aeroflex Industries IPO?
Aeroflex Industries IPO will get listing gain of 64.81%. (Approx.)
