Aeroflex Industries IPO Review

 
Aeroflex Industries IPO Review

IPO Open Date: August 22, 2023

IPO Close Date: August 24, 2023

IPO Price: ₹102 to ₹108 per share

Lot Size: 130 Shares

Listing: August 31, 2023

Aeroflex Industries ipo review

Aeroflex Industries IPO Details: Aeroflex Industries Ltd. IPO is scheduled to hit the market on AUGUST 21 and close on AUGUST 23. Aeroflex Industries plans to raise around ₹ … through an IPO with a sale of up to 12,300,000 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Established in 1993, Aeroflex Industries, formerly recognized as Suyog Intermediates Private Limited, stands as a prominent manufacturer and supplier of environmentally conscious metallic flexible flow solution products.

The extensive product range encompasses a diverse array of offerings, including braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators, and their corresponding end fittings. As of March 31, 2023, the product portfolio proudly boasts over 1,700 distinct Product SKUs (Stock Keeping Units). At Aeroflex Industries, they are dedicated to creating innovative solutions that harmonize with the environment while providing unparalleled flexibility in fluid management.

Aeroflex Industries IPO Details

Aeroflex Industries IPO opens on Aug 21, 2023, and closes on Aug 23, 2023. The Listing date for Aeroflex Industries IPO is on Aug 31, 2023. The price band for IPO is ₹102 to ₹108 per share and lot size of 130 Shares.

IPO DateAug 21, 2023 to Aug 23, 2023
Listing DateThursday, 31 August 2023
Price ₹102 to ₹108 per share
Lot Size130 Shares
Issue Size
Face Value₹2 per share

Aeroflex Industries IPO Tentative Timetable

Aeroflex Industries opening date is Aug 21, 2023 and close date is Aug 23, 2023 . The IPO allotment date is Aug 28, 2023. The refund initiation of IPO is on Aug 29, 2023. The credit of shares in demat account is on Aug 30, 2023. The listing date is on Aug 31, 2023.

EventDate
IPO OpeningAug 21, 2023
IPO ClosingAug 23, 2023
IPO Allotment DateAug 28, 2023
Refund InitiationAug 29, 2023
Shares Credit to DematAug 30, 2023
Lisiting DateAug 31, 2023

Aeroflex Industries IPO Lot Size

Lot Size of this IPO is 130 shares. A retail-individual investor can apply for up to 14 lots (130 shares or ₹14,040).

CategoryLotsSharesAmount
Retail(Minimum)1130₹14,040
Retail(Maximum)141820₹196,560
S-HNI (Minimum)151950₹210,600
B-HNI (Minimum)729,360₹1,010,880

Aeroflex Industries IPO Promoter Holding

Pre Issue Share Holding91.09%
Post Issue Share Holding

Aeroflex Industries IPO Review

Aeroflex Industries Ltd. is set to make its debut in the market with its IPO scheduled to open on August 21 and close on August 23. The company aims to raise funds of approximately ₹… through the issuance of up to 12,300,000 equity shares at a price range of ₹102 to ₹108 per share. With a face value of ₹2 per share, this IPO showcases an enticing opportunity for investors to get on board with a well-established player in the field.

Established in 1993, previously known as Suyog Intermediates Private Limited, Aeroflex Industries has carved its niche as a leading manufacturer and supplier of eco-conscious metallic flexible flow solution products. Its extensive portfolio encompasses a wide range of offerings, including hoses, hose assemblies, connectors, and more, totaling over 1,700 distinct Product SKUs. What's impressive is the company's dedication to innovation and environmental harmony, fostering fluid management flexibility.

In terms of financial performance, Aeroflex Industries has showcased substantial growth, with fiscal 2023 revenues reaching ₹2694.78 Lakhs, building on its successful performance in the previous fiscal year. With a retail quota of 35%, QIB allocation of 50%, and HNI quota of 15%, this IPO seems poised to attract diverse investor interest. As the company gears up for listing on August 31, it's worth keeping an eye on Aeroflex Industries as it steps onto the trading floor.

Aeroflex Industries IPO – Company Financials

Profit & Loss

PARTICULARSMAR 2018MAR 2019MAR 2020MAR 2021MAR 2022
Net Sales 113.63140.42144.34144.73240.80
Total Expenditure 103.62116.83122.25122.04193.67
Operating Profit 10.0123.5922.0922.6947.13
Other Income 0.120.030.600.060.20
Interest 5.8014.6411.629.296.63
Depreciation 4.214.013.923.784.18
Exceptional Items 00-3.57-1.630.41
Profit Before Tax 0.114.973.588.0636.92
Provision for Tax0.05-2.11-1.132.049.35
Net Profit 0.067.084.716.0227.57
Adjusted EPS (Rs.) 00.060.040.050.24

Aeroflex IndustriesIPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Aeroflex Industries IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Aeroflex Industries IPO FAQs

What is Aeroflex Industries IPO?

Aeroflex Industries is issuing equity shares with a face value of ₹2 each, totaling up to ₹164.00 Cr. The shares are being offered at a price of ₹102 to ₹108 each, with a minimum order quantity of 130 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Aeroflex Industries IPO will open?

Aeroflex Industries will open on  August 22, 2023 for QIB, NII, and Retail Investors.

When Aeroflex Industries IPO will end?

Aeroflex Industries will end on August 24, 2023.

What is Aeroflex Industries IPO Size?

Aeroflex Industries IPO size is ₹162.00 crores.

What is Aeroflex Industries IPO Price Band?

Aeroflex Industries price band is ₹102 to ₹108.

What is the Aeroflex Industries IPO Allotment Date?

Aeroflex Industries allotment date is 29 August 2023.

What is the Aeroflex Industries IPO Listing Date?

Aeroflex Industries listing date is 1 September 2023. The IPO is to be listed on BSE and NSE.

How to Apply Aeroflex Industries IPO through Zerodha?

To apply for the IPO “Aeroflex Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Aeroflex Industries IPO through Upstox?

To apply for the IPO “Aeroflex Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Aeroflex Industries IPO Allotment Status?

For Aeroflex Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Aeroflex Industries IPO GMP?

You can check out here: Aeroflex Industries IPO GMP

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