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Aeroflex Industries Ltd

Steel

Offer Period :

22nd to 24th Aug 2023

Established in 1993 as Suyog Intermediates Pvt Ltd, Aeroflex Industries Ltd specializes in manufacturing eco-friendly metallic flexible flow solutions. With 1,700+ SKUs, the Navi Mumbai-based company provides a diverse range of hoses,. Read more... assemblies, and fittings. Certified under various standards, the 3,59,528 sq ft facility produces for diverse industries, generating Rs. 2694.78 Lakhs revenue in Fiscal 2023.Read less

Aeroflex Industries Ltd IPO Details

IPO Date 22nd to 24th Aug 2023 Minimum Investment ₹14040 / 1 Lots
Listing Date 2023-08-31 Maximum Investment ₹196560 / 14 Lots
Face Value ₹2 per share Total Issue Size ₹340.5 Crores
Price ₹108 to ₹108 per share Fresh Issue ₹162 Crores
Lot Size 1 Lots (130 Shares) Offer For Sale ₹ 178.5
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 22nd to 24th Aug 2023
Listing Date 2023-08-31
Face Value ₹2 per share
Price ₹108 to ₹108 per share
Lot Size 1 Lots (130 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14040 / 1 Lots
Maximum Investment ₹196560 / 14 Lots
Total Issue Size ₹340.5 Crores
Fresh Issue ₹162 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

22nd Aug

IPO Starts

24th Aug

IPO Ends

29th Aug

Allotment Date

30th Aug

Initiation of Refund

31st Aug

Credit of Shares to Demat Account

31st Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 84.57 0
Public Group 15.43 0

Aeroflex Industries Ltd IPO Reservation

QIB Shares Offered 16441177(49.25%)
NII (HNI) Shares Offered 4932353(14.78%)
Retail Shares Offered 11508823(34.48%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 33382352
Total Shares With Anchor Investor 33382352

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Aeroflex Industries Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 4918 6200
Email Id aeroflexindustries.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Aeroflex Industries Ltd IPO Lead Manager

1. Pantomath Capital Advisors Pvt Ltd

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Aeroflex Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Aeroflex Industries Ltd

1. Global flexible flow solutions provider operating in huge addressable market, catering to diverse industry segments

2. Export oriented business model;

3. Primary manufacturer of flexible flow solutions (Make in India with no listed peers with advance manufacturing facility and R&D infrastructure);

4. High entry and exit barriers;

5. Experienced and dedicated senior team across key functions.

Risks Involved

1. The company exports its products to various countries and the export operations of the Company contribute more than 80% of Revenue from Operations. On account of the aforesaid, its may be subject to significant import duties or restrictions of the relevant jurisdictions. Further, adverse fluctuation in foreign exchange rate, unavailability of any fiscal benefits or our inability to comply with related requirements may have an adverse effect on our business and results of operations.

2. The company in the usual course of business do not enter into long-term contracts with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials, in a timely manner or at all, could have an adverse effect on its business and results of operations.

3. The company business is dependent and will continue to depend on its single manufacturing facility, and its subject to certain risks in that behalf. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

4. The Company requires significant amounts of working capital and significant portion of the company working capital is consumed in trade receivables and inventories. Its inability to meet the company working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.

5. The company in the usual course of business do not have long term contracts with most of its customers and rely on purchase orders for delivery of its product and they may cancel or modify their orders, change production quantities, delay production or change their sourcing strategy. Loss of one or more of its customers or a reduction in their demand for the company products could adversely affect its business, results of operations and financial condition.

6. If the company fail to effectively implement its production schedules, the company business and results of operations may be materially and adversely affected.

7. The geographical concentration of its exports to certain countries and the inability to operate and grow its business in such countries may have a material adverse effect on its business, financial condition, results of operations, cash flows and future business prospects.

8. The markets in which its customers operate are characterized by sectors specific to the industries which its cater to and their changing preferences and other related factors including lower manufacturing costs and therefore as a result we may be affected by any disruptions in the industry. Its profitability, business and commercial success is significantly dependent on its ability to successfully anticipate the industry and customer requirements and utilize its resources to enhance and develop the company products that efficiently satisfy and meet its client's specific requirements in a timely manner. Any failure on its part to do so, may have an impact on the reputation of its products, which could have an adverse effect on its revenue, reputation, financial conditions, results of operations and cash flows.

9. If the products its manufacture are found to be deficient, its may lose the company customers and may be subject to product liability claims or claims alleging deficiency which may also cause damage to its reputation and/or adversely affect its results of operations and financial condition.

10. The company depend on third parties for the supply of raw material and delivery of products. A disruption in the supply of raw materials or failure of its suppliers to meet their obligations could impact its production and increase the company costs.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 374.97 213.98 183.44
Total Liabilities 374.97 213.98 183.44
Total Expenses 264.5 225.2 204.54
Total Revenue 
321.75 269.5 240.99
Profit After Tax 41.73 30.15 27.51
EBITDA 65.65 49.88 47.3
Adjusted EBITDA 0 0 0

Aeroflex Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-08-31 543972 AEROFLEX
INE024001021
₹108 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹108 ₹108
Open ₹197.4 ₹190
Low ₹162.1 ₹162.3
High ₹197.4 ₹196.35
Low ₹162.1 ₹162.3

Frequently Asked Questions

What is Aeroflex Industries Ltd IPO?

Answer Field

Aeroflex Industries Ltd IPO is a Mainboard IPO of 3,33,82,352 equity shares of a face value of ₹2 aggregating up to ₹340.5 Crores. The issue is priced at ₹108 to ₹108 per share. The minimum order quantity is 130 Shares. The IPO opens on August 22, 2023, and closes on August 24, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Aeroflex Industries Ltd IPO will open?

Answer Field

The Aeroflex Industries Ltd IPO opens on August 22, 2023 and closes on August 24, 2023.

What is the lot size of Aeroflex Industries Ltd?

Answer Field

Aeroflex Industries Ltd lot size is 130 shares, and the minimum amount required is ₹14,040.

How to apply for Aeroflex Industries Ltd IPO?

Answer Field

You can apply in Aeroflex Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Aeroflex Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Aeroflex Industries Ltd IPO will be done on August 29, 2023, and the allotted shares will be credited to your demat account by August 31, 2023.

When is Aeroflex Industries Ltd IPO listing date?

Answer Field

The Aeroflex Industries Ltd listing date is August 31, 2023.

Who is the registrar of Aeroflex Industries Ltd IPO?

Answer Field

The registrar of Aeroflex Industries Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Pantomath Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Aeroflex Industries Ltd IPO?

Answer Field

The fresh issue size is ₹162 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Aeroflex Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 130 shares and ₹14,040 amount.

How can I approve the UPI mandate request for Aeroflex Industries Ltd IPO?

Answer Field

To apply for Aeroflex Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Aeroflex Industries Ltd?

Answer Field

The price of each Aeroflex Industries Ltd share will be ranging in between ₹108 to ₹108 per share.

What is the cut-off time for the UPI mandate for Aeroflex Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 24, 2023.

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