Aeroflex Industries IPO: Aeroflex Industries’ initial public offering (IPO) will begin for registration on Tuesday, August 22. Ashish Kacholia-backed Aeroflex Industries manufactures solution products. flexible flow of environmentally friendly metals and distribution to markets around the globe.
The IPO of Aeroflex Industries is a book issue and the total issuance size of the IPO is $351 cores. Aeroflex Industries’ IPO, which ends on August 24, includes a new share issue as well as a partial offering (OFS).
Aeroflex Industries Company IPO GMP today
Today’s Aeroflex Industries IPO GMP, or today’s gray market premium, shows that Aeroflex Industries’ stock is listed fairly well. According to topsharebrokers.com, the IPO of Aeroflex Industries IPO today is $58 per share prior to the IPO.
According to market observation, stock of Aeroflex Industries is trading at a higher level $58 to the gray market issue price. Today’s GMP is lower than the GMP of $61 on August 20.
Considering today’s GMP and the upper end of the price range, stock of Aeroflex Industries is estimated to list at $166 pieces ( $108+ $58) on exchanges, 53% higher.
Also read: Ashish Kacholia-backed Aeroflex Industries IPO opens this week, check key dates for pricing
Aeroflex Industries IPO Date
Aeroflex Industries’ IPO opens on August 22 and will end on August 24. The stock allocation basis will be finalized on Tuesday, August 29, and the company will initiate refunds on Wednesday. Wednesday, August 30, while shares will be credited on August 29. accounts of those assigned on Thursday, August 31.
Aeroflex Industries IPO shares will likely be listed on the BSE and NSE on Friday, September 1.
Also read: Technoplast IPO pyramid: GMP, registration status, review, apply or not?
Aeroflex Industries IPO Details
Aeroflex Industries’ IPO includes a new equity issue of $162 crore and an offer to sell (OFS) up to 1.75 crore of equity shares by the promoters of the share sale and the promoter team.
Aeroflex Industries IPO price range has been fixed at $102 to $108 per equity share for the proposed initial public offering. At the upper end of the price range, the size of the Aeroflex Industries IPO is $351 cores.
The company plans to use the newly issued money to pay off debt, meet working capital needs, and set aside a portion for general corporate use and acquisitions for inorganic growth.
Aeroflex Industries IPO Review
On its financial statements for 2023, Aeroflex Industries’ IPO was valued at a P/E of 42x, 26.6x EV/EBITDA and 5.3x EV/Revenue, Reliance Securities said in a note. The broker believes that Aeroflex Industries will likely benefit from growth prospects in traditional industry segments such as manufacturing, automotive, oil and gas as well as emerging industries such as solar energy, battery management lithium-Ion and robotics.
“Moreover, its strong track record in commercializing and scaling new products as well as R&D capabilities puts the company well positioned to capture the requirements of diverse end-user industries. . Given its diversified product portfolio, strong financials, global footprint, focus on expanding capabilities, products and R&D capabilities, we recommend Subscription,” said Reliance Securities. .
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, not those of Mint. We advise investors to check with certified professionals before making any investment decisions.
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Update: August 21, 2023, 03:08 pm IST
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