The Aeroflex Industries IPO started on August 22, 2023, and ended on August 24, 2023. Shares were allocated on August 29, 2023, and refund processes began on August 30, 2023. On August 31, 2023, the shares were credited to investors demat accounts. Aeroflex Industries was officially listed on the stock exchange on September 1, 2023.
During the IPO, Aeroflex Industries offered shares at a price range of ₹102 to ₹108 per share, and the lot size was 130 shares. The total issue size was ₹351 crores, with ₹162 crores from new shares and ₹189 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Aeroflex IPO Subscription Update Video
Aeroflex Industries IPO Subscription Status
The Aeroflex Industries IPO on August 24, 2023 was subscribed 97.11 times, with the retail category being subscribed 34.41 times, the NII (Non-Institutional Investor) category being subscribed 126.13 times, the QIB (Qualified-Institutional Buyers) category being subscribed 194.73 times and the Employee category being subscribed 28.52 times.
| Category | Subscription |
| QIB | 194.73x |
| NII | 126.13x |
| Retail | 34.41x |
| Employee | 28.52x |
| Total | 97.11x |
Aeroflex Industries IPO Basic Details
| Company Name | Aeroflex Industries Limited |
| Domain of Company | Environment Friendly Metallic Flexible Flow Solution Products |
| IPO Open Date | August 22, 2023 |
| IPO Close Date | August 24, 2023 |
| IPO Allotment Date | August 28, 2023 |
| IPO Listing Date | September 1, 2023 |
| Face Value | ₹2 per share |
| Price | ₹102 to ₹108 per share |
| Lot Size | 130 Shares |
| Issue Size | 32,500,000 shares of ₹2 (aggregating up to ₹351.00 Cr) |
| Fresh Issue | 15,000,000 shares of ₹2 (aggregating up to ₹162.00 Cr) |
| Offer for Sale | 17,500,000 shares of ₹2 (aggregating up to ₹189.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Sat Industries Limited |
About Aeroflex Industries Limited
Established in 1993, Aeroflex Industries Limited, previously recognized as Suyog Intermediates Private Limited, specializes in the production and distribution of environmentally-friendly metallic flexible flow solution products.
Their array of products encompasses 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 associated end fittings. As of March 31, 2023, the company boasts a product portfolio of over 1,700 distinct Stock Keeping Units (SKUs).
Aeroflex Industries operates its manufacturing facility in Taloja, Navi Mumbai, Maharashtra, spanning an impressive 359,528 square feet. This facility holds certifications including Annex III, Module H of Directive 97/23/EC for Pressure Equipment, ISO 9001:2015 for Management Systems, ISO 14001:2015 for Environmental Management, ISO 45001:2015 for Occupational Health & Safety, NABL ISO/IEC 17025:2017, and statements of conformity for various quality and design standards.
The company serves a diverse client base ranging from distributors, fabricators, and Maintenance Repair and Operations Companies (MROs) to Original Equipment Manufacturers (OEMs), catering to a wide array of industries.
In Fiscal 2023, Aeroflex achieved a total revenue of Rs. 2694.78 Lakhs, following Rs. 2409.92 Million in Fiscal 2022.
Aeroflex Industries IPO Should you subscribe?
Aeroflex Industries IPO More Details Click Here
Aeroflex Industries IPO FAQs
What is the start and end date of Aeroflex Industries IPO Subscription?
The Aeroflex Industries IPO started on August 22, 2023, and ended on August 24, 2023.
When does Aeroflex Industries IPO Subscription open?
The Aeroflex Industries IPO open on August 22, 2023.
When does Aeroflex Industries IPO Subscription close?
The Aeroflex Industries IPO Close on August 24, 2023.
What is the allotment date of Aeroflex Industries IPO?
The allotment date for Aeroflex Industries IPO is August 29, 2023.
When is the initial refund date of Aeroflex Industries IPO?
The initial Refund date for Aeroflex Industries IPO is August 30, 2023.
When were the shares credited to investors demat accounts for the Aeroflex Industries IPO?
The shares for the Aeroflex Industries IPO were credited to investors demat accounts on August 31, 2023.
When will Aeroflex Industries IPO be listed on the stock market?
Aeroflex Industries IPO stock market will be listed on September 1, 2023 at 10 am.
What was the price range of the Aeroflex Industries IPO shares?
The Aeroflex Industries IPO shares were offered at a price range of ₹102 to ₹108 per share.
What was the lot size for the Aeroflex Industries IPO shares?
The lot size for the Aeroflex Industries IPO shares was 130 shares.
What was the total issue size of the Aeroflex Industries IPO?
The total issue size of the Aeroflex Industries IPO was ₹351 crores.
How were the shares allocated among different types of investors for the Aeroflex Industries IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Aeroflex Industries IPO listed?
The Aeroflex Industries IPO was listed on both the NSE and BSE.
What is the Aeroflex Industries IPO Subscription Status?
Aeroflex Industries IPO is subscribed 97.11 Times.
