Aeroflex Industries IPO GMP Details

Aeroflex Industries Limited, established in 1993, formerly known as Suyog Intermediates Private Limited, specializes in the manufacturing and supply of environmentally-friendly metallic flexible flow solution products.

The company’s diverse product range encompasses braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, interlock hoses, braiding, hose assemblies, lancing hose assemblies, jacketed hose assemblies, expansion bellows, compensators, exhaust connectors, exhaust gas recirculation (EGR) tubes, and associated end fittings. As of March 31, 2023, the company boasts an extensive product portfolio comprising over 1,700 distinct Product SKUs (Stock Keeping Units).

Situated in Taloja, Navi Mumbai, Maharashtra, Aeroflex Industries operates a sprawling manufacturing facility covering an area of 3,59,528 square feet. The facility proudly holds certifications including Annex III, Module H of Directive 97/23/EC on Pressure Equipment, ISO 9001:2015 for Management System, ISO 14001:2015 for Environmental Management System, ISO 45001:2015 for Occupational Health & Safety, Gas Hoses-1/2″ NB Hose Assembly Testing Certificate, NABL ISO/IEC 17025:2017, Statement of 153 Conformity for the design, manufacturing, and testing of SS corrugated flexible Hose Assembly, and Statement of Conformity for Quality Procedures in accordance with standards EN ISO 10380:2012 and BS 6501-1 (E:2004). Additionally, the company possesses a Certificate of Design Assessment essential for quality management systems, environmental management systems, and health and safety management systems.

Aeroflex Industries caters to a diverse clientele including distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and entities spanning various industries.

In Fiscal 2023, Aeroflex achieved a total revenue of Rs. 2694.78 Lakhs, following a performance of Rs. 2409.92 Million in Fiscal 2022.

Aeroflex ipo logo

Aeroflex Industries Limited

Share Price
Lot Size

Bidding Starts

22 Aug, 23

Bidding Ends

24 Aug, 23

Allotment Date*

29 Aug, 23

Listing Date

01 Sep, 23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

Allotment Status Check

Objects of the Issue

The company has outlined its plans to allocate the net proceeds from the issue for the purpose of funding the following objectives:

  1. Complete or partially repay and/or prepay specific outstanding secured borrowings, encompassing any applicable foreclosure charges.
  2. Support the company’s working capital necessities.
  3. Address general corporate needs.
  4. Facilitate unidentified inorganic acquisitions.

Aeroflex Industries IPO Details

Aeroflex Industries IPO is a Book Built Issue. The IPO total issue size is 32,500,000 shares
(aggregating up to ₹351.00 Cr). The Aeroflex Industries IPO price is ₹102 to ₹108 per share. The IPO will list on BSE, NSE.

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 ₹162.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue114,320,370
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Aeroflex IPO Details

Aeroflex Industries 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 Reservation

Aeroflex Industries IPO Lot Size

The minimum lot size of this Aeroflex Industries IPO is 130 shares required is ₹14,040.

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 Lot Size

Aeroflex Industries IPO Dates

Aeroflex Industries IPO opens on Aug 22, 2023, and closes on Aug 24, 2023.

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 Dates

Aeroflex Industries Limited Financial Report

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax4.696.0127.5130.15
Net Worth52.7058.7286.22114.09
Reserves and Surplus
Total Borrowing63.4653.0739.1345.01
Aeroflex Industries Limited Financial Report : Amount in ₹ Crore

Key Performance Indicator of Aeroflex Industries

Key Performance Indicator of Aeroflex IPO

Aeroflex Industries IPO Promoter Holding

Sat Industries Limited and Italica Global FZC are the promoters of the company.

Pre Issue Share Holding91.09%
Post Issue Share Holding
Aeroflex Industries IPO Promoter Holding

Aeroflex Industries IPO GMP Rates

Grey Market Premium (GMP) often serves as a reliable reflection of the underlying stock’s narrative. More than the actual price, it’s the trajectory of GMP over time that provides insights into the prevailing market sentiment. Here’s a brief summary of the GMP trend for Aeroflex Industries Ltd, with available data:

DateGrey Market Price (GMP)
Aeroflex Industries IPO GMP Rates

In the scenario above, the GMP trend reveals that the grey market premium initiated around ₹20 and has almost tripled in the past 7 days, reaching nearly ₹55 levels. Naturally, the actual subscription figures upon the opening of the IPO on August 22, 2023, will significantly impact the GMP. Historical trends indicate that stocks oversubscribed in the IPO often experience a substantial positive shift in grey market pricing. Aeroflex Industries Ltd has showcased substantial traction in the grey market, particularly in the recent three days.

Considering the upper range of the Aeroflex Industries IPO price band at ₹108 as an indicative price, the potential listing price appears to be around ₹163 per share, based on the GMP indicator from August 16, 2023. Monitoring the subscription updates will provide a clearer direction for the GMP. Notably, the institutional QIB subscription significantly influences GMP pricing.

The GMP of ₹55, associated with a probable upper band price of ₹108, indicates a robust listing premium of 50.93% for Aeroflex Industries Ltd over the listing price. This implies an approximate listing price of ₹163 per share when Aeroflex Industries Ltd is scheduled to list on September 1, 2023. However, these figures are approximations, so maintaining a margin of safety is prudent. The sustainability of GMP over the upcoming days post the issue opening will play a pivotal role.

Aeroflex Industries Contact Information

Aeroflex Industries Limited
Plot No. 41, 42/13, 42/14 & 42/18,
near Taloja MIDC, Village Chal, Behind IGPL,
Panvel, Navi Mumbai – 410 208
Phone: +91 22 61467100
Email: corporate@aeroflexindia.com

Aeroflex Industries IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aeroflexindustries.ipo@linkintime.co.in

Aeroflex Industries IPO FAQs

What is Aeroflex Industries IPO?

Aeroflex Industries IPO is a main-board IPO offering 162 crore and offer for sale (OFS) of 1.75 crore equity shares. The issue price ranges from ₹102 to ₹108 per share, and the minimum order quantity is 130 Shares.

When does the Aeroflex Industries IPO open and close?

The IPO opens for subscription on August 22, 2023, and closes on August 24, 2023.

Who is the registrar for the Aeroflex Industries IPO?

Link Intime India Private Ltd is the registrar for the Aeroflex Industries IPO.

Where will the Aeroflex Industries shares be listed?

The shares are proposed to be listed on BSE and NSE.

How can I apply for Aeroflex Industries IPO through Zerodha?

Zerodha customers can apply for the Aeroflex Industries IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), navigate to Portfolio, click on the IPOs link, find the ‘Aeroflex Industries IPO’ row, and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price, then submit the IPO application form. Approve the mandate through your UPI App (net banking or BHIM).

What is the lot size of Aeroflex Industries IPO?

The lot size for Aeroflex Industries IPO is 130 Shares, with a minimum amount required of ₹14,040.

How can I apply for Aeroflex Industries IPO?

You can apply for Aeroflex Industries IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through the net banking of your bank account, while UPI IPO application is offered by brokers who don’t provide banking services.

When will the allotment of Aeroflex Industries IPO shares occur?

The finalization of the Basis of Allotment for Aeroflex Industries IPO will take place on Tuesday, August 29, 2023. Allotted shares will be credited to your demat account by Thursday, August 31, 2023. You can check the Aeroflex Industries IPO allotment status.

When is the expected listing date for Aeroflex Industries IPO?

The Aeroflex Industries IPO listing date is yet to be announced. The tentative listing date for the Aeroflex Industries IPO is Friday, September 1, 2023.

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