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The initial public offering (IPO) of Ashish Kacholia-backed business Aeroflex Industries Ltd. has officially launched on the primary market today. The public issue will be up for bids until August 24, 2023. The business plans to collect $351 million through the first public offering by setting the price of Aeroflex Industries IPO at between 102 and 108 rupees per equity share. Ace investors Ashish Kacholia and Jagdish Master have acquired shares in this Dalal Street-listed subsidiary of Sat Industries Ltd. Within an hour of the bidding, the public issue had gotten an enthusiastic reaction from investors and was completely subscribed.
Subscriber status for the IPO of Aeroflex Industries
On the first day of bidding, the public issue had received 3.00 times as many subscriptions as its retail half had received by 1:06 PM. The book construction issue’s NII section has received 4.60 subscriptions. The book build issue’s QIB section has received 1.04 subscriptions.
Important IPO information for Aeroflex Industries
1] Aeroflex Industries IPO GMP today: According to market watchers, shares of Aeroflex Industries Ltd. are now offered for a premium of 65 rs.
2] Aeroflex Industries IPO pricing: The business set the IPO price range for Aeroflex Industries at between 102 and 108 per equity share.
3] Date of Aeroflex Industries IPO: The offering began today and will continue to be available until August 24, 2023.
4] Aeroflex Industries IPO size: The business hopes to generate 351 crores from its initial public offering, of which 162 crore is intended to come via new issues and the remaining 189 core is set aside for the offer for sale (OFS) method.
5] Lot size for the Aeroflex Industries: first public offering Bidders may submit applications in lots, and one lot will include 130 company shares.
6] Aeroflex Industries IPO investment limit: Because there are 130 shares in each lot of the public offering, a retail investor would need at least $14,040 (108 times 1300) to submit an application.
7] Aeroflex Industries IPO date: tentative date for share distribution is August 29, 2023.
8] Aeroflex Industries IPO registrar: Link Intime India Private Ltd has been selected as the official registrar of the IPO.
9] Aeroflex Industries IPO listing: On September 1, 2023, the book build issue is tentatively scheduled to list on the BSE and NSE.
10] Aeroflex Industries IPO review: Anubhuti Mishra, an equity research analyst at Swastika Investmart, gave the public offering the designation “subscribe,” stating that “Aeroflex’s future initiatives appear promising. The firm intends to grow both its local and international operations, and it is putting money into new technology to enhance its goods. We think that these tactics might help the business achieve long-term growth and profitability. Overall, we think that the Aeroflex Industries Limited IPO is an excellent chance for investors. We advise SUBSCRIBING for this IPO.
According to SBI Securities, the business is valued at a PE multiple of 46.3x at the current market price based on its FY23 profits at the upper price band on post-issue capital. There are no listed competitors of the company in India. The organisation has a distinctive business strategy in the field of Flexible Flow solutions. The risk reward ratio for long-term investors is beneficial with respectable return ratios and margins. The IPO is available for subscription to investors with a long-term investment perspective.