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Aeroflex Industries IPO GMP, Price, Dates & Allotment Details 2023

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)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Net Worth114.0986.2258.7252.70
Total Assets213.98183.44161.64157.19
Total Borrowings45.0139.1353.0763.46
Total Revenue269.48240.99144.84144.94
Profit After Tax30.1527.516.014.69
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 102 to ₹ 108 per share
Face Value₹ 2 per share
Market Lot130 shares
Issue Size32,500,000 shares (aggregating up to ₹ 351 crores)
Fresh Issue15,000,000 shares (aggregating up to ₹ 162 crores)
Offer for Sale17,500,000 shares (aggregating up to ₹ 189 crores)
Listing AtBSE, NSE

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the offer
Retail shares offeredNot 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 DateAugust 22, 2023,
Closing DateAugust 24, 2023
Basis of AllotmentAugust 29, 2023
Initiation of RefundsAugust 30, 2023
A credit of shares to Demat A/cAugust 31, 2023
Listing DateSeptember 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)1130₹ 14,040
Retail (Maximum)141,820₹ 196,560
S-HNI (Minimum)151,950₹ 210,600
S-HNI (Maximum)719,230₹ 996,840
B-HNI (Minimum)729,360₹ 1,010,880

Promoters Holdings 

Sat Industries Limited and Italica Global FZC are the promoters of the company.

Pre-issue Shares Holdings91.09%
Post-issue Shares Holdings66.99%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationAeroflex 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: [email protected]
Website: https://www.aeroflexindia.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)Pantomath Capital Advisors Pvt Ltd

FAQs

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