Aeroflex Industries IPO was subscribed 98 times on Wednesday, August 24, 2023, the final day of the bidding process. The issue received bids for 2,25,37,18,090 shares against a total issue size of 2,32,17,667 shares.
Aeroflex Industries IPO Subscription Status: The IPO received an overwhelming response from all categories of investors, and was subscribed 97.11 times on the final day.
The grey market premium (GMP) for the IPO was around Rs 60 on the last day of bidding, August 24, 2023. This means that the shares were trading at a premium of Rs 60 per share over the issue price of Rs 102–108 per share.
Aeroflex IPO was priced in the range of Rs 102–108 per share. Aeroflex Industries Limited raised Rs 351 crore from the issue, of which Rs 162 crore was raised from fresh issuance of shares and Rs 189 crore was raised from an offer-for-sale (OFS) by promoters and existing investors.
Aeroflex Industries is a leading manufacturer of metallic flexible flow solutions made with stainless steel. They are an established and reputed brand for flexible hoses in almost all industrially developed countries of the world and currently export to more than 80 countries. The company has a strong track record of growth and profitability, with revenue of Rs 269.48 crore in FY23. You can find more details about the IPO on the following link
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The shares of Aeroflex Industries are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Friday, September 1, 2023.
The company’s IPO was backed by a strong investor consortium, including ace investors Ashish Kacholia and Jagdish Master. The IPO was also well received by retail investors, who were attracted by the company’s strong fundamentals and growth prospects.
The successful listing of Aeroflex Industries IPO is a positive sign for the Indian equity markets. It indicates that investor sentiment remains positive and that there is strong demand for high-quality IPOs.
You can check the allotment status of your Aeroflex Industries IPO on the website of the IPO registrar. The registrar for the IPO is Link Intime India Pvt Ltd. You can check the allotment status on the Link Intime website by entering your PAN number, application number, or DP client ID.
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