Aeroflex Industries IPO Subscription Highlights:
Aeroflex Industries Ltd, a promising enterprise backed by Ashish Kacholia, initiated its eagerly awaited initial public offering (IPO) on August 22, marking the commencement of public subscription. The IPO, set to conclude on August 24, has garnered remarkable attention from investors, swiftly achieving full subscription mere hours after its launch.
Within the first day, the Aeroflex Industries IPO experienced a robust subscription rate of 2.88 times, with an impressive demand of 6.69 crore equity shares against the offered 3.25 crore shares, as of 1:00 pm.
The retail segment has displayed notable enthusiasm, demonstrating a subscription rate of 3.37 times, while the Non-Institutional Investors (NII) segment achieved an impressive 4.29 times subscription rate. Concurrently, the Qualified Institutional Buyers’ (QIB) quota attained a subscription rate of 1.04 times, according to exchange-provided data.
Insight into Aeroflex Industries IPO:
Aeroflex Industries, a subsidiary of Dalal Street-listed entity Sat Industries Ltd, has captured attention with prominent investors such as Ashish Kacholia and Jagdish Master acquiring stakes in the company.
The IPO of Aeroflex Industries is priced between ₹102 and ₹108 per equity share, aiming to secure ₹351 crore through this public offering.
The IPO, active from its initiation date of August 22, will remain accessible to investors until August 24, 2023.
A key feature of the Aeroflex Industries IPO includes the issuance of fresh shares valued at ₹162 crore, coupled with an offer-for-sale (OFS) of 1.75 crore shares by the entity’s promoter, Sat Industries.
In preparation for the IPO, the company successfully garnered ₹76.14 crore through a pre-IPO placement, involving the sale of 86.9 lakh equity shares to institutional investors.
Aeroflex Industries IPO GMP Today:
As reported by topsharebrokers.com, the grey market premium (GMP) for the Aeroflex Industries IPO is ₹68 per share. This indicates that shares of Aeroflex Industries are currently trading at a premium of ₹68 in the grey market.
Aeroflex Industries IPO Analysis:
Presently, based on its FY23 earnings and the upper price band, Aeroflex Industries is valued at a Price-to-Earnings (PE) multiple of 46.3x after accounting for post-issue capital.
Unique in its niche of Flexible Flow solutions, Aeroflex Industries stands without direct peers in the Indian market. The company’s favorable return ratios and margins, along with its distinctive business model, have led market observers to emphasize a promising risk-reward ratio for long-term investors.
SBI Securities has expressed confidence in the long-term prospects of Aeroflex Industries, advising investors to consider subscription to the IPO from a strategic investment perspective.
About Aeroflex Industries:
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.
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