Aeroflex Industries IPO GMP and Allotment Status
Aeroflex Industries IPO debut has garnered exceptional interest, with a subscription rate exceeding 97 times within a brief three-day bidding window from August 22nd to 24th, 2023. The IPO, featuring a book build issue with a price range of ₹102 to ₹108 per equity share, has elicited a highly positive reception from investors across all categories. Concurrently, the sentiment in the grey market remains steady in connection with the Aeroflex Industries IPO.
Aeroflex Industries IPO GMP Update:
Currently, industry analysts report that shares of Aeroflex Industries Limited are commanding a premium of ₹70 per equity share within the grey market. Consequently, the Aeroflex Industries IPO’s grey market premium (GMP) for today stands at ₹70. This figure has remained consistent since August 24, 2023, which marked the conclusion of the bidding period. Experts note that the sustained GMP reflects favorable market sentiment during a period of general market weakness. They also suggest that if a positive market trend shift occurs on Dalal Street, the GMP might experience an upward trajectory.
Aeroflex Industries IPO Grey Market Premium (GMP):
Market analysts elaborate that the current Aeroflex Industries IPO GMP of ₹70 implies an anticipated listing price of around ₹178 (₹108 + ₹70) within the grey market. This projection indicates an impressive surge of approximately 65 percent from the original IPO price band of ₹102 to ₹108 per equity share. As investors await the Aeroflex Industries IPO allotment date, the grey market signals a potential listing gain of around 65 percent.
Also Read: Aeroflex Industries IPO Details | GMP, Date, Price, Review
Aeroflex Industries IPO Allotment Date:
The anticipated allotment date for the Aeroflex Industries IPO is August 29, 2023. Prospective investors who participated in the book build issue are advised to conveniently verify their Aeroflex Industries IPO allotment status online. This can be accomplished by visiting the official BSE website at bseindia.com or the website of the designated registrar, Link Intime India Private Limited. For added convenience, bidders can access the Aeroflex Industries IPO allotment status by directly logging into the BSE link bseindia.com/investors/appli_check.aspx or the Link Intime web link linkintime.co.in/mipo/ipoallotment.html.
About Aeroflex Industries:
Founded in 1993 and previously named Suyog Intermediates Private Limited, Aeroflex Industries Limited is a company focused on manufacturing and supplying eco-friendly flexible metallic flow solutions. Their product range includes a variety of options such as braided and unbraided hoses, solar hoses, gas and vacuum hoses, interlock hoses, hose assemblies, jacketed hose assemblies, exhaust connectors, expansion bellows, compensators, and related fittings. As of March 31, 2023, the company has developed an extensive product portfolio comprising over 1,700 distinct Stock Keeping Units (SKUs).
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