IPO Details
Bidding Dates
21 Aug '23 - 23 Aug '23
Minimum Investment
₹14,040 / 1 Lots (130 Shares)
Price Range
₹102 - ₹108
Maximum Investment
₹196,560 / 14 Lots (1820 Shares)
Retail Discount
Not Applicable
Issue Size
₹351.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Aeroflex Industries IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Aug 21, 2023
IPO Closing Date
Aug 23, 2023
Basis of Allotment
Aug 28, 2023
Initiation of Refunds
Aug 29, 2023
Credit of Shares to Demat Account
Aug 30, 2023
IPO Listing Date
Aug 31, 2023
UPI Mandatory Expiry Date
Aug 23, 2023
Aeroflex Industries IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1Aug 21, 2023 |
1.17 | 14.17 | 6.81 | 6.77 | |
Day 2Aug 22, 2023 |
8.05 | 46.50 | 17.86 | 21.08 | |
Day 3Aug 23, 2023 |
194.73 | 126.10 | 34.35 | 97.07 |
Aeroflex Industries IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 194.73 |
| Non-Institutional Buyers | 126.10 |
| Retail Investors | 34.35 |
| Other | 28.50 |
| Total | 97.07 |
About Aeroflex Industries Limited
Aeroflex Industries Limited is a manufacturer and supplier of eco-friendly metallic flexible flow solution products that cater to domestic and international markets. With its products exported to over 80 countries, including prominent regions like the USA and Europe, Aeroflex has established a global presence in the industry. The company offers a comprehensive range of more than 1,700 Stock Keeping Units (SKUs) for its products, showcasing its commitment to meeting diverse customer needs.
Aeroflex Industries Limited IPO Details
Aeroflex Industries is a fresh issue and offer for sale worth ₹351 crore. The issue comprises 32,500,000 shares and is priced at ₹102 to ₹108 per share. Retail investors can bid for the Aeroflex Industries Limited IPO, which will open on August 22, 2023. Aeroflex Industries Limited’s IPO will list on BSE and NSE exchanges on September 1, 2023.
Aeroflex Industries Limited IPO Objectives
The objectives of Aeroflex Industries Limited's IPO are listed below:
- For the full or part repayment and/or prepayment of outstanding secured borrowings carried out by the company.
- To fund the working capital requirements of the company.
- General corporate purposes and unidentified inorganic acquisitions.
Noteworthy Highlights of Aeroflex Industries Ltd
- The company’s professional team has experience in production, R&D, quality control and sales and marketing. The knowledge and experience of their management and team of dedicated personnel provide Aeroflex Industries with a competitive advantage as they seek to grow their existing markets and enter new geographic markets.
- Aeroflex's extensive product pipeline, with over 55 products under development, indicates its commitment to innovation and adaptability to evolving customer requirements.
- During FY 2021, 2022, and 2023, the company’s exports constituted 80.90%, 84.53%, and 80.60% of the revenue from operations, respectively.
Peer Details
There are no listed companies in India that are engaged in a business similar to that of the company accordingly, it is not possible to provide an industry comparison in relation to the company in India. However, globally, there are listed peers such as Parker Hannifin Corporation and Senior PLC that are engaged in a business similar to that of the company.
Aeroflex Industries Company Financials
| Particulars | March 31, 2023 (₹ in lakh) | March 31, 2022 (₹ in lakh) | March 31, 2021 (₹ in lakh) |
|---|---|---|---|
| Revenue from Operations | 2,694.61 | 2,408.00 | 1,447.74 |
| Profit After Tax (PAT) | 223.08 | 275.06 | 60.11 |
| PAT Margin | 301.52 | 11.41% | 4.15% |
| EBITDA | 540.33 | 466.92 | 223.35 |
| EBITDA Margin | 20.05% | 19.39% | 15.43% |
| Debt-to-Equity Ratio | 0.39 | 0.45 | 0.90 |
| Return on capital employed | 31.91% | 36.29% | 17.13% |
Know before investing
Strengths
2-
The company’s revenue from operation increased by ~86%.1 from ₹1,447.74 lakh on March 31, 2021, to ₹2,694.61 lakh on March 31, 2023.
-
The company’s profit after tax grew by 5X from ₹60.11 lakh on March 31, 2021, to ₹301.52 lakh on March 31, 2023.
Risks
2-
The company is dependent and will continue to depend on our single manufacturing facility, and the company is subject to certain risks on that behalf. Any slowdown or shutdown in the manufacturing operations could have an unwanted effect on Aeroflex’s business.
-
The company does not hold any long-term agreements with raw materials suppliers. They are dependent on China for a significant portion of raw materials. Any delay or loss of raw materials can impact the revenue of the company adversely.
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Aeroflex Industries IPO FAQs
The Aeroflex Industries Ltd. IPO is a fresh issue containing 52,00,000 fresh equity shares. The price band is yet to be announced.
The Basis of Allotment is yet to be announced.
The lot size for Aeroflex Industries Ltd. is yet to be announced.
The IPO subscription window is yet to be announced.
Retail investors can apply for a minimum of one lot.
Aeroflex Industries Ltd. IPO will list on the NSE exchange. The date is yet to be announced.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is yet to be announced, for Aeroflex Industries Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Aeroflex Industries Limited IPO is yet to be announced.
