Aeroflex Industries IPO Date, Price, Review
Aeroflex Industries IPO: Know everything about Aeroflex Industries IPO. Aeroflex Industries Limited IPO Date, Aeroflex Industries IPO Review and analysis. We will discus about Aeroflex Industries IPO Benefits & Risks. Also, all information related to Aeroflex Industries IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Aeroflex Industries IPO
Aeroflex Industries Limited manufactures and supplies environment-friendly metallic flexible flow solution products such as vacuum hoses, unbraided hoses, solar hoses, braided hoses, gas hoses, braiding, and interlock hoses. Aeroflex Industries Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 351 crore through IPO (Initial public offering).
Aeroflex Industries IPO will open on 22 August 2023 and close on 24 August 2023. The price band of the Aeroflex Industries IPO is ₹102 to ₹108. Aeroflex Industries IPO size is 351 Crores. The offer includes 162 Crores under fresh issue and 189 Crores under offer for sale. Aeroflex Industries IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Aeroflex Industries IPO listing date is 01 September 2023. You can know about Aeroflex Industries IPO GMP (Grey Market Premium) below.
Aeroflex Industries has given good financial performance. The company made a profit of ₹22.31 crores in the financial year 2023 (March 2023). The IPO of Aeroflex Industries will be listed on NSE and BSE. Aeroflex Industries IPO face value is ₹2 per equity share.
We will talk about Aeroflex Industries' financials, benefits, and risks of investing in the company.
About Aeroflex Industries Limited
Aeroflex Industries Limited was Incorporated in 1993. Aeroflex Industries Limited manufactures flexible flow solutions made with stainless steel corrugation in an ultra-modern facility in Taloja, Navi Mumbai, India, under the strict supervision of an experienced and qualified team.
Aeroflex uses state-of-the-art technology to deliver high-quality products that meet customer satisfaction. As a result of continual improvement in every aspect of the business, within a short span, Aeroflex has become one of the most reliable sources of quality metallic flexible hose assemblies both in the domestic as well as in the international market.
This has been possible due to Areoflex’s ability to meet exact customer requirements and strict adherence to the delivery schedule with personal attention to every customer.
A full range of metallic flexible hoses and hose assemblies are manufactured in authentic stainless steel with grades AISI 304, 321, 316 & 316L, conforming to the highest international quality standards. Our flexible flow solutions made with stainless steel corrugation conform to BS 6501 part-1 and are manufactured as per type A, B, and C flexibility.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Aeroflex Industries IPO Date and Price Band Details
| IPO Open: | 22 August 2023 |
| IPO Close: | 24 August 2023 |
| Listing Date: | 01 September 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹351 crores |
| Fresh Issue: | Approx ₹161 crores |
| Offer For Sale: | Approx ₹189 crores |
| Price Band: | ₹102 to ₹108 per share |
| Face Value: | ₹2 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Aeroflex Industries IPO Lot Size Details
| Application | Lot | Share | Amount |
| Retail (Min) | 01 | 130 | 14,040 |
| Retail (Max) | 14 | 1820 | 196,560 |
| S-HNI (Min) | 15 | 1,950 | 210,600 |
| S-HNI (Max) | 71 | 9,230 | 996,840 |
| B-HNI (Min) | 72 | 9,360 | 1,01,0880 |
Aeroflex Industries IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 22 August 2023 |
| IPO Closing Date: | 24 August 2023 |
| Basis of Allotment: | 29 August 2023 |
| Refund Date: | 30 August 2023 |
| Credit to Demat Account: | 31 August 2023 |
| Listing Date: | 01 September 2023 |
Aeroflex Industries IPO Review
| Happiest Post | Apply |
| AUM Capital | Apply |
| Reliance Securities | Apply |
| Dilip Davda | May Apply |
| JM FIS | Apply |
| SBICAP Securities | Apply |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Aeroflex Industries IPO on our website.
Aeroflex Industries Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has a good financial track record.
- Aeroflex Industries is the Primary Manufacturer of flexible flow solutions with no listed peers.
- The company has an advanced manufacturing facility and R&D infrastructure.
- The company has an experienced and dedicated senior management team.
- The company has a diversified product portfolio.
- The company has long-standing partnerships with many high-profile clients.
Risks
- There is outstanding litigation (tax proceedings) involving the company’s Promoter.
- A large portion of the company's revenue comes from a small number of customers.
- Constraints or shortages in the availability of raw materials and labor may have a negative impact on the Company's operations.
- His company is subject to changes in foreign currency exchange rates, which may have a negative impact on the company.
- Aeroflex Industries Limited has a single Manufacturing Facility situated in Maharashtra.
Aeroflex Industries Ltd Financials
Aeroflex Industries Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2020 | ₹157.19 | ₹144.94 | ₹4.69 |
| 2021 | ₹161.64 | ₹144.84 | ₹6.01 |
| 2022 | ₹183.44 | ₹240.99 | ₹27.51 |
| 2023 | ₹223.07 | ₹219.63 | ₹30.15 |
Promoters
- Sat Industries Limited
- Italica Global FZC
Contact Details of Aeroflex Industries
Plot No. 41, 42/13, 42/14 & 42/18,
Near Taloja MIDC, Village Chal, Behind IGPL,
Panvel, Navi Mumbai - 410 208
Telephone: +91 22 61467100
E-mail: corporate@aeroflexindia.com
Website:www.aeroflexindia.com/
Aeroflex Industries Lead Managers
- Pantomath Capital Advisors Pvt Ltd
Aeroflex Industries IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: aeroflexindustries.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2023, the company had a profit of Rs 22.31crore. The company operates in many different sectors. Our is that you can apply for listing gains in the Aeroflex Industries Limited IPO. Aeroflex Industries Limited IPO financial details and other information are given above.
Aeroflex Industries IPO FAQs
Also Read
How to Apply the Aeroflex Industries Ltd IPO with Zerodha?
- Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
- If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO.
- You will see the IPO name "Aeroflex Industries Ltd".
- Then, Click on Bid Button.
- Then, Enter your UPI ID.
- Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
- Then Submit the IPO Application Form.
- Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about Aeroflex Industries IPO. If you have a query about Aeroflex Industries IPO, Please leave a comment. Here you can also stay updated about the IPO Allotment Status and upcoming IPO. Also, you can track IPO performance. You can use our tools Stock Average Calculator, Profit and Loss Calculator, and SIP Calculator for free. Thanks for Visiting. Happy Investing.
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