Aeroflex IPO GMP Today, Dates, Price & Other Details

Aeroflex Industries IPO gmp today details

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Aeroflex IPO is set to open for subscription from August 22nd to August 24th.

In this article, we have gathered all the crucial information that you need to know before thinking of investing in Aeroflex Industries IPO.

Let’s start with the objectives of the IPO.

Objectives of Aeroflex IPO

The Net Proceeds of the Aeroflex Industries IPO are proposed to be used in the manner set out in in the following table:

Sr. No.ParticularsEstimated Amount (₹ in million)
1Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by our Company350.00
2Funding working capital requirements of our Company840.00
3General corporate purposes and unidentified inorganic acquisitions*[●]
*To be finalized on determination of the Offer Price and updated in the Prospectus prior to filing with the ROC. In compliance with Regulation 7(2) of the SEBI ICDR Regulation, the amount utilised for general corporate purposes shall not exceed 25% of the Gross Proceeds of the Offer.

Aeroflex IPO Details

IPO DateAug 22, 2023 to Aug 24, 2023
Listing Date1 September 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

Aeroflex IPO Tentative Timetable

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 DateFriday, 1 September 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 24, 2023

Aeroflex IPO Reservation

QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer

Aeroflex IPO Lot Size

Retail (Min)1130₹14,040
Retail (Max)141820₹196,560
S-HNI (Min)151,950₹210,600
S-HNI (Max)719,230₹996,840
B-HNI (Min)729,360₹1,010,880

Aeroflex IPO Financials (Restated Consolidated)

S. No.ParticularsTen Months Period Ended January 31, 2023March 31, 2022March 31, 2021March 31, 2020
1Share Capital228.64228.64228.64228.64
2Net Worth1,062.50862.23587.17527.02
3Revenue from Operations2,196.272,408.001,447.741,443.41
4Profit after Tax223.08275.0660.1146.92
5Earnings per Share (Basic and Diluted)9.7612.032.632.05
6Earnings per Share (Basic and Diluted) after sub-division of Equity Shares1.952.410.530.41
7Net Asset Value per Equity Share46.4737.7125.6823.05
8Net Asset Value after sub-division of Equity Shares9.297.545.144.61
9Total Borrowings475.55391.27530.68634.55
10Operating Profit414.01466.92223.35217.53
– (₹ in million)

Aeroflex IPO Promoters

Sat Industries Limited is the sole Promoter of Aeroflex Industries Limited.

Here’s the shareholding of the promoter; pre-isssue and post-issue:

Pre Issue Share Holding91.09%
Post Issue Share Holding66.99%

Aeroflex Industries Limited Company Background

  • Company Overview: Aeroflex Industries Limited
    • Established: 1993
    • Formerly known as: Suyog Intermediates Private Limited
    • Specializes in manufacturing environment-friendly metallic flexible flow solution products
  • Product Range:
    • Includes braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, and more
    • Offers various hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, and expansion bellows
    • More than 1,700 Product SKUs in the portfolio as of March 31, 2023
  • Manufacturing Facility:
    • Located in Taloja, Navi Mumbai, Maharashtra
    • Spans 3,59,528 square feet
    • Holds certifications for pressure equipment, ISO standards, environmental management, and occupational health & safety
  • Clientele:
    • Serves distributors, fabricators, MROs, OEMs, and companies across diverse industries
  • Financial Highlights:
    • Recorded Rs. 2694.78 Lakhs in total revenue in Fiscal 2023
    • Achieved Rs. 2409.92 Million in Fiscal 2022

Aeroflex Industries Limited Industry Overview

  • Demand for Flexible Flow Solutions with Stainless Steel Corrugation:
    • Traditionally driven by the industrial sector, including manufacturing plants and various products (chemicals, paper, etc.).
    • HVAC applications also a significant consumer, though with lower business scale compared to the industrial sector.
  • Shift in Demand Landscape:
    • Steady growth in industrial activity, accompanied by some disruptions.
    • Gradual transition from rubber, PTFE, and polymer flexible hoses to Stainless Steel Corrugation solutions.
    • This shift has led to a favorable demand scenario for manufacturers of Flexible Flow Solutions using Stainless Steel Corrugation.

Aeroflex IPO GMP Today

DateAeroflex IPO GMP
– Source: 5Paisa
Don't forget to check: Sungarner Energies IPO GMP Today, Dates & More Details

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