Aeroflex Industries Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a book-built issue. The IPO is scheduled to run from August 22 to August 24, 2023, with a share price range of ₹102 to ₹108. Investors can participate with a minimum order of 130 shares.
The IPO will comprise 32,500,000 shares with a face value of Rs. 2 each, potentially raising funds of up to ₹351 crore for Aeroflex Industries Limited . Let’s delve into the details of their IPO set to hit the market in August 2023.
About Aeroflex Industries Limited
Established in 1993, Aeroflex Industries Limited, formerly Suyog Intermediates Private Limited, specializes in manufacturing eco-friendly metallic flexible flow solutions. Their extensive product range encompasses braided, unbraided, solar, gas, and vacuum hoses, interlock hoses, hose assemblies, expansion bellows, EGR tubes, exhaust connectors, and more. With over 1,700 Product SKUs, their portfolio is diverse and comprehensive.
Aeroflex operates from a state-of-the-art facility spanning 3,59,528 square feet in Taloja, Navi Mumbai. The facility holds certifications for pressure equipment, quality, environmental management, and occupational health & safety. Serving a wide clientele including distributors, fabricators, MROs, and OEMs across various industries, Aeroflex achieved a revenue of Rs. 2694.78 Lakhs in Fiscal 2023 and Rs. 2409.92 Million in Fiscal 2022.
Aeroflex Industries Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 22nd August 2023 |
| Issue Closes | 24th August 2023 |
| Face Value | Rs 2 Per Share |
| Issue Price | Rs 102 to Rs 108 Per Share |
| Issue Size | 32,500,000 Shares (Rs 351 crores) |
| Minimum Order Quantity | 130 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The company has outlined its plans for the net proceeds as follows:
- Repayment and/or prepayment of secured borrowings,
- Meeting working capital needs, and
- General corporate purposes, including unidentified inorganic acquisitions.
Aeroflex Industries Limited — Company Contact Details
- Registered & Corporate Office: Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC, Village Chal, Behind IGPL, Panvel, Navi Mumbai – 410 208
- Telephone: +91 22 61467100
- Website: https://www.aeroflexindia.com/
Aeroflex Industries Limited IPO – Lead Managers of the Issue
Pantomath Capital Advisors Pvt Ltd
- Office Address: 108, Madhava Premises CHS Ltd, Bandra Kurla Complex, Bandra East, Mumbai 400051
- Telephone: +91 22 2659 8687 / 91
- Email: ipo@pantomathgroup.com
Aeroflex Industries Limited IPO – Registrar of the Issue
Link Intime India Private Ltd
- Telephone: +91-22-4918 6270
- Email: aeroflexindustries.ipo@linkintime.co.in
- Website: https://linkintime.co.in
Aeroflex Industries Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
