Aeroflex Industries IPO Subscription Status on Day 3
The Aeroflex Industries IPO, supported by notable investor Ashish Kacholia, achieved a staggering subscription rate of 97.05 times as the three-day subscription window concluded. The IPO launch occurred on Tuesday, August 22, and the subscription phase concluded on Thursday, August 24.
Investor Enthusiasm Remains High:
During the final day of the IPO subscription, both retail investors and non-institutional investors (NIIs) demonstrated exceptional interest, underscoring the appeal of Aeroflex Industries’ IPO. This fervor was evident right from the second day of the IPO, as qualified institutional buyers (QIBs) displayed a positive response.
Aeroflex Industries IPO Subscription Status:
The subscription data highlights the balanced interest across different investor categories. The retail investors’ segment exhibited an impressive subscription rate of 34.31 times, while the non-institutional investors’ segment achieved an even higher rate of 126.09 times. The qualified institutional buyers segment, not to be left behind, demonstrated significant enthusiasm with a subscription rate of 194.73 times.
Aeroflex Industries IPO Details:
Aeroflex Industries has fixed the price band for its IPO shares at ₹102 to ₹108 per equity share. The IPO bid process is structured with a minimum bid requirement of 130 equity shares, subsequently in increments of 130 equity shares.
The IPO consists of two components: a fresh issuance of equity shares totaling up to ₹162 crore, and an offer-for-sale (OFS) feature involving up to 1.75 crore equity shares. The OFS is being facilitated by the promoters, including selling shareholders from the promoter group. Each equity share carries a face value of ₹2.
About Aeroflex Industries:
Aeroflex Industries Limited functions as a steel producer, offering a range of products including hoses, braids, assemblies, end connectors, and couplings. The company caters to a global customer base.
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