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Aeroflex Industries IPO: GMP,Price & other details

Aeroflex Industries IPO: The subscription period for Aeroflex Industries begins on August 22. The Ashish Kacholia-backed Aeroflex Industries manufactures environmentally friendly metallic flexible flow solution products and ships them to markets all over the world.

Aeroflex Industries IPO is a Book Built Issue and the total issue size of the IPO is ₹351 crore. The Aeroflex Industries IPO, which closes on August 24, consists of a fresh issue of shares as well as an offer for sale (OFS) portion.

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Aeroflex Industries IPO GMP:

Aeroflex Industries IPO GMP, or grey market premium, indicates a decent listing of Aeroflex Industries shares. As per, Aeroflex Industries IPO GMP is ₹58 per share ahead of IPO opening.

Market observations show that shares of Aeroflex Industries are currently trading in the grey market at a premium of 58 cents over the issue price. The GMP is lower than the GMP on August 20 when it was 61.

Considering the GMP and the upper end of the price band, Aeroflex Industries shares are estimated to list at ₹166 apiece ( ₹108 + ₹58) on the exchanges, which is a premium of more than 53%.

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Aeroflex Industries IPO Dates

Aeroflex Industries IPO opens of August 22 and will close on August 24, The basis of allotment of shares will be finalised on Tuesday, August 29, and the company will initiate refunds on Wednesday, August 30, while the shares will be credited to the demat account of allottees on Thursday, August 31.

Aeroflex Industries IPO shares are likely to be listed on BSE and NSE on 1st September.

Aeroflex Industries Details

The Aeroflex Industries initial public offering (IPO) consists of an offer-for-sale (OFS) of up to 1.75 crore equity shares by the promoters, selling shareholders, and promoter group.

For the proposed initial public offering, Aeroflex Industries’ IPO price range has been set at 102 to 108 per equity share. The Aeroflex Industries IPO size is 351 crore rupees, which is at the top of the pricing range.

The proceeds from the new offer will be used by the company to pay down debt, fulfill working capital requirements, and put aside some for general corporate purposes and acquisitions for inorganic growth.

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IPO subscription status

By 11:42 AM on day one of bidding, the public issue has been subscribed 1.74 times whereas its retail portion has been subscribed 2.33 times. The NII portion of the book build issue has been subscribed 2.70 times.

Aeroflex Industries Company IPO details

  • IPO size: The company aims to raise ₹351 crore from this public issue out of which ₹162 crore is aimed from fresh issues while rest ₹189 core is reserved for offer for sale (OFS) route.
  • IPO lot size: A bidder will be able to apply in lots and one lot of the public offer will comprise 130 company shares.
  • IPO investment limit: As one lot of the public issue comprises 130 shares, a retail investor would require at least ₹14,040 ( ₹108 x 1300)) to apply for the public offer.
  • IPO allotment date: The tentative date for share allocation is 29th August 2023.
  • IPO registrar: Link Intime India Private Ltd has been appointed as official registrar of the IPO.
  • IPO listing: The book build issue is proposed for listing on BSE and NSE and tentative Aeroflex Industries IPO listing date is 1st September 2023.

Future plans for Aeroflex seem good. The business intends to grow both its local and international operations, and it is investing in new technology to enhance its offerings. These tactics may help the organization achieve long-term growth and profitability. Overall, we think that the IPO of Aeroflex Industries Limited is a fantastic opportunity for investors.

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