Aeroflex Industries Makes a Dream Debut

Aeroflex Industries made big gains on the listing day

Impressive Subscription

Aeroflex IPO was subscribed 97.11 times, QIBs at a stunning 194.73 times, NII at an impressive 126.13 times, and retail quota at 34.41 times

Subscription Period

Aeroflex IPO saw robust investor interest during the application period between August 22-24. The price band was between Rs. 102-108 per share

Stellar Debut

Aeroflex Industries, supported by Ashish Kacholia, achieves an 82.78% premium on BSE listing at Rs. 197.40, and a 76% premium on NSE at Rs. 190

IPO Objective

The funds from the fresh issue of Rs. 162 crores will be allocated to debt payment, working capital, general corporate purposes, and acquisitions for growth