Aeroflex Industries IPO: The initial public offering (IPO) of Aeroflex Industries Ltd backed by Ashish Kacholia went to the primary market today. The public offering will remain open for bidding until August 24, 2023. The company has fixed the IPO price of Aeroflex Industries at Aeroflex Industries. $102 to $108 per equity share and it aims to increase $351 crore from the initial public offering. Outstanding investors Ashish Kacholia and Jagdish Master have purchased shares in this subsidiary of Sat Industries Ltd, a Dalal Street listed company. The public offering received a strong response from investors and it was fully subscribed within an hour of the bidding.
Aeroflex Industries IPO Registration Status
By 11:42 a.m. on the first day of bidding, the mass issue had been registered 1.74 times while its retail portion had been registered 2.33 times. Part NII of the book building problem has been registered 2.70 times.
1]Aeroflex Industries IPO GMP today: Shares of Aeroflex Industries Ltd are sold at a higher price $Market watchers say today at 65 on the gray market.
2]Aeroflex Industries IPO price: The company has fixed the IPO price band of Aeroflex Industries at $102 to $108 per equity share.
3]Aeroflex Industries IPO date: The issue opened today and will remain open until August 24, 2023.
4]Size of Aeroflex Industries IPO: The company aims to improve $351 crore from this public release, of which $162 crore aimed at new problems while resting $Core 189 is dedicated to the offering route (OFS).
5]Aeroflex Industries IPO lot size: A bidder will be able to apply in batches and a batch for the public offering will include 130 company shares.
6]Aeroflex Industries IPO investment limit: Since a public issue lot consists of 130 shares, a retail investor will require at least $14.040 ( $108×1300) to register for a public offering.
7]Aeroflex Industries IPO allocation date: The expected date of stock allocation is August 29, 2023.
8]Aeroflex Industries IPO Registrar: Link Intime India Private Ltd has been appointed as the official registrar of the IPO.
9]Aeroflex Industry IPO listing: Recommended book issue for listing on BSE and NSE and expected IPO listing date of Aeroflex Industries is September 1, 2023.
ten] Aeroflex Industries IPO Review: Putting a ‘subscription’ card for the public offering, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, “Aeroflex’s future strategies look promising. The company has plans. We are expanding our business globally and domestically, and are investing in new technologies to improve our products. We believe these strategies have the potential to drive long-term growth and profitability for the company. Overall, we believe the IPO of Aeroflex Industries Limited is a good investment opportunity. We recommend you REGISTER for this IPO.”
SBI Securities also offers a ‘register’ tag for long-term quotes, “At CMP, the company is valued at a PE ratio of 46.3x based on FY23 earnings at a higher price-to-equity following Issuance quite, the risk-reward ratio for long-term investors looks favorable. Investors can sign up for an IPO for a long-term investment perspective.”
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Update: August 22, 2023, 11:46 a.m. IST