Sunday, March 3, 2024
Home » Aeroflex Industries made a strong debut on listing at Rs. 190 a premium of 83% to its IPO price of Rs 108

Aeroflex Industries made a strong debut on listing at Rs. 190 a premium of 83% to its IPO price of Rs 108

by Koushik Gope
0 comment

Aeroflex Industries made a strong debut on the stock exchanges on Thursday, listing at a premium of 83% to its IPO price of Rs 108.

The stock opened at Rs 190 on the NSE and touched a high of Rs 197.40 during the day. It closed at Rs 190.25, up 82.35% from its IPO price.

The strong listing was on expected lines as the IPO had been subscribed 97 times. The company had raised Rs 351 crore from the IPO.

Aeroflex Industries is a manufacturer of metallic flexible flow solution products. It supplies its products to a wide range of industries, including aerospace, defence, oil and gas, and power. The company has a strong track record of growth and profitability.

What do Aeroflex Industries do?

Aeroflex Industries Limited is a leading manufacturer of metallic flexible flow solution products in India. The company was founded in 1993 and is headquartered in Ahmedabad, Gujarat. It has a manufacturing plant in Ahmedabad and a sales and marketing office in Mumbai.

Aeroflex Industries’ products are used in a wide range of industries, including aerospace, defence, oil and gas, and power. The company’s products are known for their high quality and durability.

In 2022-23, Aeroflex Industries’ revenue was ₹269.48 crore and its profit after tax was ₹30.1 crore. The company has a strong track record of growth and profitability.

In August 2023, Aeroflex Industries made its initial public offering (IPO). The IPO was subscribed 97 times and the company raised ₹351 crore.

Aeroflex Industries is a well-managed company with a strong track record of growth and profitability. The company is well-positioned to capitalize on the growing demand for metallic flexible flow solution products in India and abroad.

Here are some of the key points about Aeroflex Industries:

  • Founded in 1993
  • Headquartered in Ahmedabad, Gujarat
  • Manufactures metallic flexible flow solution products
  • Products used in a wide range of industries
  • Revenue of ₹269.48 crore in 2022-23
  • Profit after tax of ₹30.1 crore in 2022-23
  • IPO subscribed 97 times in August 2023
  • Raised ₹351 crore from IPO

Aeroflex Industries IPO Details

IPO DateAug 22, 2023 to Aug 24, 2023
Listing DateAug 31, 2023
Face Value₹2 per share
Price₹102 to ₹108 per share
Lot Size130 Shares
Total Issue Size32,500,000 shares
(aggregating up to ₹351.00 Cr)
Fresh Issue15,000,000 shares
(aggregating up to ₹162.00 Cr)
Offer for Sale17,500,000 shares of ₹2
(aggregating up to ₹189.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue114,320,370
Share holding post issue129,320,370
IPO Open DateTuesday, 22 August 2023
IPO Close DateThursday, 24 August 2023
Basis of AllotmentTuesday, 29 August 2023
Initiation of RefundsWednesday, 30 August 2023
Credit of Shares to DematThursday, 31 August 2023
Listing DateThursday, 31 August 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 24, 2023

You may also like

Leave a Comment

Welcome to the world of ISMDU, here we help you stay up-to-date on the latest market trends and news from around the world. Our mission is simple: to educate our readers about what’s happening in the stock market, so they can be prepared when opportunities arise.

© 2023 ISMDU • Designed by Dimagital Media