Aeroflex Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 24, 2023Let’s have a detailed review of the company and analytics of the Aeroflex Industries IPO release date, IPO offer price, subscription, Aeroflex Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 1,600.00 Million |
| IPO Size | Rs 3,500.00 Million |
| Tick Size | 1 |
Aeroflex Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Aeroflex Industries Share Price |
Aeroflex Industries IPO – Summary
They are manufacturers and suppliers of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. They export their products to more than 80 countries including Europe, the USA and others.
Their exports contributed to 80.85%, 84.53%, 80.90% and 74.74% of their revenue from operations, for the ten months period ended January 31, 2023, and Fiscals 2022, 2021 and 2020, respectively.
The Promoter of this company is SAT INDUSTRIES LIMITED. The lead manager of the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.
Aeroflex Industries IPO Date
The opening and closing dates of Aeroflex Industries IPO are not available yet.
Aeroflex Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Aeroflex Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Aeroflex Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Aeroflex Industries IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
Aeroflex Industries IPO Equity Size
This Initial Public Issue of 12,300,000 Equity Shares of Rs.2 each for cash at a price of Rs.12,300,000 per equity share aggregating to Rs.3,500.00 Million.
Aeroflex Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: 12,300,000 Equity Shares of Rs.2 each, aggregating to Rs.3,500.00 Million
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Aeroflex Industries IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Aeroflex Industries Share Price |
Aeroflex Industries IPO Grey Market Premium
The Aeroflex Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Aeroflex Industries IPO – Company Overview
They are into metallic flexible flow solutions made of SS. They have recently developed products made of bronze as well.
Also, their products replace flow solutions made of rubber and polymers. Flexible flow solutions made with stainless steel corrugation are becoming a preferred solution because of their numerous advantages.
The technical characteristics of SS are the basic attribute that imparts flexible flow solutions made with stainless steel corrugation with its advantages.
Including resistance to external elements, maintaining the quality of media transferred, resistance to abrasion and corrosion, low probability of catastrophic failure, resistance to temperature, maintenance of full vacuum, and compatibility with chemicals, among others.
Aeroflex Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Jan-23 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets |
2,230.70
|
1,834.38
|
1,616.43
|
1,571.91
|
| *Total Revenue |
2,196.30
|
2,409.92
|
1,448.35
|
1,449.37
|
| Total Expense |
1,862.04
|
2,045.43
|
1,351.56
|
1,378.11
|
| Profit After Tax |
223.08
|
275.06
|
60.11
|
46.92
|
Earnings per Equity Share (in Million)
| 31-Jan-23 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted |
9.76
|
12.03
|
2.63
|
2.05
|
Further, their PAT for the period ended on Jan 31, 2023, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 223.08 Million, Rs. 275.06 Million, Rs. 60.11 Million and Rs. 46.92 Million respectively.
Aeroflex Industries IPO – Promoters
The Promoter of this company is:
- SAT INDUSTRIES LIMITED
List of Related Parties (Key Managerial Personnel)
-
Asad Daud, Managing Director
-
Mustafa Abid Kachwala, Whole-time Director
- Ramesh Chandra Soni, Non-Executive Independent Director
- Harikant Ganeshlal Turgalia, Non-Executive Director
- Shilpa Bhatia, Independent Director
Aeroflex Industries IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Aeroflex Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Aeroflex Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by their Company;
2. Funding working capital requirements of their Company; and
3. General corporate purposes and Unidentified Inorganic Acquisitions
Aeroflex Industries IPO – Business Strategy
-
Expand their portfolio of solutions to capitalize on large opportunities across industrial segments
- Introduce new products and expand their capabilities
- Growth in the end-user industries
Aeroflex Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Global flexible flow solutions provider operating in a huge addressable market, catering to diverse industry segments and poised to benefit from mega industrial trends;
- Export-oriented business model;
- The primary manufacturer of flexible flow solutions (Make in India with no listed peers with an advanced manufacturing facility and R&D infrastructure);
- High entry and exit barriers;
- Robust financial performance;
- The experienced and dedicated senior team across key functions with the strategic corporate promoter.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 |
2.41
|
31.90%
|
7.54
|
| 31-Mar-21 |
0.53
|
10.24%
|
5.14
|
| Mar-20 |
0.41
|
8.90% |
4.61
|
Aeroflex Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Million) | |
| Aeroflex Industries Limited | 10 | [●] | 2.41 | 31.90 | 2,409.92 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Aeroflex Industries IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED Reg. office: Pantomath Nucleus House, Saki Vihar Road, Andheri East, Mumbai -400072 Maharashtra, India.Telephone:+91-22 6194 6700, Email and Investor Grievance Id: ipo@pantomathgroup.com Website: www.pantomathgroup.com Contact Person: Bharti Ranga SEBI Registration No: INM000012110 |
Aeroflex Industries IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, 1stFloor, L.B.S. Marg, Vikhroli West, Mumbai, 400 083, Maharashtra, India. Telephone:+9122 4918 6200 Email/ Investor grievance email: :aeroflexindustries.ipo@linkintime.co.in Website:www.linkintime.com Contact person: Shanti Gopalkrishnan SEBI Registration No:INR000004058 |
Aeroflex Industries IPO – Other Details
- Statutory Auditor – Shweta Jain & Co. Chartered Accountants
- Legal Counsel to the Company – M/s Crawford Bayley & Co.
- Bankers to the Company – NA
Aeroflex Industries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Aeroflex Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Aeroflex Industries IPO Review FAQs
Check out various FAQs related to Aeroflex Industries IPO:
What is the Issue Size of Aeroflex Industries IPO?
The Company is making an initial public offer of 12,300,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Aeroflex Industries IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is of concern, it is Rs. 2 per share.
What is the Aeroflex Industries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Aeroflex Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Aeroflex Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Aeroflex Industries IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Aeroflex Industries IPO?
Here are the promoters of this IPO – SAT INDUSTRIES LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Aeroflex Industries IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Aeroflex Industries IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Aeroflex Industries Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Million is 275.06, 2021 is 60.11, and 2020 is 46.92. PAT from Jan 2023 is 223.08.
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