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IPO Status: Listed [22nd Aug 2023 to 24th Aug 2023]
Aeroflex Industries Limited is conducting its initial public offering on the NSE and BSE. This IPO application includes both a fresh issue of Rs 162.00 Cr and an OFS issue of shares worth Rs 189.00 Cr. You can apply for this IPO application from August 22 to 24, 2023. The face value of each share is Rs 2 and the issue price is between Rs 102 and Rs 108 per share with a minimum quantity of 130 shares or their multiples. The company is also offering a reservation of up to 5 million shares for shareholders holding shares of the parent company before August 11, 2023.
Keep visiting this website to get updated information about IPO details of Aeroflex Industries Limited including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 22nd Aug 2023 |
| IPO Issue Closing Date: | 24th Aug 2023 |
| IPO Issue Price: | ₹102.00-108.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹351.00 Cr |
| Offer for Sale: | ₹189.00 Cr |
| Fresh Issue: | ₹162.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 91.09% |
| Promoter Holding Post IPO: | 66.99% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543972 |
| NSE Code: | AEROFLEX |
Get important updates regarding Aeroflex Industries IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Aug 2023 |
| Refunds Initiation* | 30th Aug 2023 |
| Credit of Shares to Demat* | 31st Aug 2023 |
| IPO Listing Date* | 31st Aug 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹102.00-108.00 |
| Market Lot: | 130 Shares |
| 1 Lot Amount: | ₹14040 |
| Min Small HNI Lots(2-10 Lakh): | 1950 shares (15 lots) |
| Min Big HNI Lots(10+ Lakh): | 9360 shares (72 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 31-08-2023 | 108.00 | 71 | 7000/105000 | ₹179 (65.74%) | 31-Aug-2023 10:30 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Aeroflex industries is a manufacturer of metallic flexible flow solution provider. Its product portfolio includes corrugated stainless steel hose, interlock flexible metal hose, PTFE hose, composite hose, and stainless steel hose assemblies. As on Jan 31, 2023, it has over 1,700 SKUs in the product offerings. It products are used in different industries such as steel, oil & gas, refineries, fire sprinklers, metal & mining, and aerospace & defence.
The firm not just caters to the domestic clients but also exports to over 80 countries including Europe and USA. The company has manufacturing unit at Taloja, Navi Mumbai, Maharashtra, and also has an in-house research & development team.
Original Equipment Manufacturers, Maintenance Repair and Operations companies, fabricators, etc. are the company’s clients. In Fiscal 2022, it has served 606 customers across 49 countries.
| Incorporation | Sector | IPO Issue Size | Website |
| 1993 | Manufacturing | ₹351.00 Cr | https://www.aeroflexindia.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Other | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 6,276,490 (27.03%) | 4,932,353 (21.24%) | 11,508,824 (49.57%) | 500,000 | 23,217,667 | |
| 1 | 22nd Aug 2023 19:04 | 1.17x | 14.17x | 6.81x | 2.95x | 6.77x |
| 2 | 23rd Aug 2023 19:04 | 8.05x | 46.50x | 17.86x | 8.19x | 21.08x |
| 3 | 24th Aug 2023 19:04 | 194.73x | 126.13x | 34.41x | 28.52x | 97.11x |
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 157.19 | 161.64 | 183.44 | 213.98 |
| Revenue | 144.94 | 144.84 | 240.99 | 269.48 |
| Profit After Tax | 4.69 | 6.01 | 27.51 | 30.15 |
| Net Worth | 52.70 | 58.72 | 86.22 | 114.09 |
| Reserves and Surplus | ||||
| Total Borrowing | 63.46 | 53.07 | 39.13 | 45.01 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Aeroflex Industries Limited | 2.64 | 2.64 | 9.98 | 26.43 | Consolidated | |
| Parker Hannifin Corporation | 16.23 | 16.04 | 80.58 | 26.18 | 20.15 | Consolidated |
| Senior PLC | 0.05 | 0.05 | 1.07 | 35.35 | 4.49 | Consolidated |
Last Updated on 04-Sep-2023 06:02:53
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Aeroflex Industries IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Aeroflex Industries IPO with Zerodha.
Alternate approch to apply in Aeroflex Industries IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Aeroflex Industries IPO Review and Important Updates
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To subscribe or apply in Aeroflex Industries IPO, you can use the following methods:
| Aeroflex Industries IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Aeroflex Industries IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Aeroflex Industries IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Aeroflex Industries IPO. Most of the Syndicate Banks provide access to apply in Aeroflex Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Aeroflex Industries IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Aeroflex Industries IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Aeroflex Industries IPO Review and Important Updates
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Applying in Aeroflex Industries IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Aeroflex Industries IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Aeroflex Industries IPO, please refer article >> Link
Aeroflex Industries IPO Review and Important Updates
Steps to download the online application form for Aeroflex Industries IPO
Or
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Aeroflex Industries IPO is going to be list on 31-08-2023. NSE Code for Aeroflex Industries is AEROFLEX. BSE Code for Aeroflex Industries is 543972.
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Aeroflex Industries IPO Allotment Date is 29-08-2023.
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Aeroflex Industries IPO share allotment date?Aeroflex Industries IPO allotment date?
