Aeroflex Industries IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Aeroflex Industries IPO will open on August 22 and close on August 24, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 351 crores through this public issue.
Aeroflex Industries Limited (“the Company”)
Aeroflex Industries Ltd. was incorporated in 1993. It is a manufacturer and supplier of environmentally friendly metallic flexible flow solution products catering to global as well as domestic markets.
They export their products to more than 80 countries, including Europe, the USA, and others. Its exports contributed to 80.85%, 84.53%, 80.90%, and 74.74% of its revenue from operations for the ten-month period ended January 31, 2023, and fiscal years 2022, 2021, and 2020, respectively.
They supply their products to a wide spectrum of industries for the controlled flow of all forms of substances, including air, liquids, and solids. During the ten months ended January 31, 2023, they supplied our products to 633 customers.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds 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 the working capital requirements of the company, and
- General corporate purposes and Unidentified Inorganic acquisition.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 114.09 | 86.22 | 58.72 | 52.70 |
| Total Assets | 213.98 | 183.44 | 161.64 | 157.19 |
| Total Borrowings | 45.01 | 39.13 | 53.07 | 63.46 |
| Total Revenue | 269.48 | 240.99 | 144.84 | 144.94 |
| Profit After Tax | 30.15 | 27.51 | 6.01 | 4.69 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 102 to ₹ 108 per share |
| Face Value | ₹ 2 per share |
| Market Lot | 130 shares |
| Issue Size | 32,500,000 shares (aggregating up to ₹ 351 crores) |
| Fresh Issue | 15,000,000 shares (aggregating up to ₹ 162 crores) |
| Offer for Sale | 17,500,000 shares (aggregating up to ₹ 189 crores) |
| Listing At | BSE, NSE |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 35% of the offer |
GMP: Aeroflex Industries IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Aeroflex Industries IPO
The issue opens for subscription on August 22, 2023, and closes for subscription on August 24, 2023 (both days inclusive). The basis of allotment will be finalised on August 29, 2023, and the refunds will be initiated on August 30, 2023. In addition, the demat credits are expected to happen on August 31, 2023, and the stock will be listed on the NSE and BSE on September 1, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 22, 2023, |
| Closing Date | August 24, 2023 |
| Basis of Allotment | August 29, 2023 |
| Initiation of Refunds | August 30, 2023 |
| A credit of shares to Demat A/c | August 31, 2023 |
| Listing Date | September 1, 2023 |
Lot Size
The lot size of the Aeroflex Industries IPO is 130 shares. A retail-individual investor can apply for up to 14 lots, i.e. 1,820 shares of ₹ 196,560.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 130 | ₹ 14,040 |
| Retail (Maximum) | 14 | 1,820 | ₹ 196,560 |
| S-HNI (Minimum) | 15 | 1,950 | ₹ 210,600 |
| S-HNI (Maximum) | 71 | 9,230 | ₹ 996,840 |
| B-HNI (Minimum) | 72 | 9,360 | ₹ 1,010,880 |
Promoters Holdings
Sat Industries Limited and Italica Global FZC are the promoters of the company.
| Pre-issue Shares Holdings | 91.09% |
| Post-issue Shares Holdings | 66.99% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Aeroflex Industries Limited Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC, Village Chal, Behind IGPL, Panvel, Navi Mumbai – 410 208 Phone: +91 22 61467100 Email: corporate@aeroflexindia.com Website: https://www.aeroflexindia.com/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: aeroflexindustries.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Pantomath Capital Advisors Pvt Ltd |
FAQs
When will the Aeroflex Industries IPO open for subscription?
The IPO subscription window will open on August 22 and close on August 24, 2023.
When will the Aeroflex Industries IPO allotment be available?
The finalisation of the basis of allotment for the Aeroflex Industries IPO will be done on August 29, 2023, and the allotted shares will be credited to your demat account by August 31, 2023. Check the Aeroflex Industries IPO allotment status.
When will the Aeroflex Industries IPO list on exchanges?
The Aeroflex Industries IPO shares listing date is September1, 2023.
How many Aeroflex Industries IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
