Aeroflex Industries IPO: Aeroflex Industries, a leading manufacturer and supplier of of stainless steel hoses and other metallic flexible flow solutions. It has a strong track record of growth, with revenue and profit increasing by 20% and 25%, respectively, in the last financial year. The company has a wide customer base, including major players in the oil and gas, automotive, and industrial sectors.
Aeroflex Industries IPO details :
- Issue size: The IPO has a total issue size of Rs 351 crore. This comprises a fresh issue of Rs 162 crore and an offer for sale (OFS) of Rs 189 crore.
- Price band: The price band for the IPO is Rs 102 to Rs 108 per share.
- Face Value: Rs 2
- Lot Size: 130 Shares
- Issue opens: The IPO opens for subscription on August 22, 2023.
- Issue closes: The IPO closes on August 24, 2023.
- Listing date: The shares of Aeroflex Industries are expected to list on the BSE and NSE on September 1, 2023.
- Use of proceeds: The proceeds from the IPO will be used to repay outstanding borrowings, fund working capital requirements, and set aside a portion for general corporate uses and acquisitions for inorganic development.
The company is a leading manufacturer of stainless steel hoses in India. It has a strong track record of growth and profitability. The company has been awarded “Superbrand” status by Superbrands India for the past three years.
Aeroflex Industries IPO Financials
The company’s financial performance has been steady over the years. In fiscal 2023, the company recorded a total revenue of Rs 269.48 crore and a PAT of Rs 30.15 crore. In fiscal 2022, the company recorded a total revenue of Rs 240.8 crore and PAT of Rs 27.51 crore.
Aeroflex Industries IPO Registrar
The registrar for the Aeroflex Industries IPO is Link Intime India Private Limited. The book running lead manager for the IPO are Pantomath Capital Advisors.
Key risks to consider before investing in the Aeroflex Industries IPO:
- The company is facing increasing competition from domestic and international players.
- The company is exposed to fluctuations in the price of raw materials, such as stainless steel.
- The company’s growth prospects could be affected by changes in government regulations.
Aeroflex Industries IPO GMP (Grey Market Premium)
The company has also received a positive response in the grey market, where its shares are trading at a premium of Rs 65 over the issue price, indicating a 63% jump. The grey market is an unofficial platform where IPO shares are traded before they are listed on the stock exchanges.
Overall, the Aeroflex Industries IPO is a good option for investors looking to invest in a well-managed company with a strong track record of growth. Aeroflex Industries Ltd. RHP can be found on the SEBI website. However, investors should carefully consider the risks before investing.