Aeroflex Industries Limited IPO
₹102 - ₹108
130
97.11
| Open Date: | 22-Aug-2023 |
| Close Date: | 24-Aug-2023 |
| Allotment Date: | 29-Aug-2023 |
| Listing Date: | 31-Aug-2023 |
| Listing Price: | ₹158.05/- |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹102-108 Per Equity Share |
| Issue Size: | Total Issue Size 32,500,000 shares (aggregating up to ₹351.00 Cr) : Fresh Issue 15,000,000 shares (aggregating up to ₹162.00 Cr) : Offer for Sale 17,500,000 shares of ₹2 (aggregating up to ₹189.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,040 : S-HNI - ₹210,600 : B-HNI - ₹1,010,880 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 6,276,490 | 4,932,353 | 11,508,824 | 23,217,667 |
| Day 1 - 22-11-23 05:00 PM | 1.17x | 14.17x | 6.81x | 6.77x |
| Day 2 - 23-11-23 05:00 PM | 8.05x | 46.50x | 17.86x | 21.08x |
| Day 3 - 24-11-23 05:00 PM | 194.73x | 126.13x | 34.41x | 97.11x |
| Total No. of Application: | 2,768,343 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 31.27x | |||
| Earning Per Share(EPS) | ₹2.64/- |
| P/E Ratio | 40.91 |
| RoNW | 26.43% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 213.98 | 269.48 | 30.15 |
| 31 Mar,2022 | 183.44 | 240.99 | 27.51 |
| 31 Mar,2021 | 161.64 | 144.84 | 6.01 |
| Pre Issue Share Holding | 91.09% |
| Post Issue Share Holding | 66.99% |
| 1. Set Industries Limited |
| 2. Italica Global FZC |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company,
- Funding working capital requirements of the company, and
- General corporate purposes and Unidentified Inorganic Acquisitions.
Incorporated in 1993, Aeroflex Industries Limited, previously known as Suyog Intermediates Private Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.
The company's product list includes braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators, and related end fittings. As on March 31, 2023, the company recorded more than 1,700 Product SKUs (Stock Keeping Units) in its product portfolio.
Aeroflex Industries' manufacturing facility is located at Taloja, Navi Mumbai, Maharashtra, and is spread across 3,59,528 square feet of area. The facility is certified with Annex III, Module H of Directive 97/23/EC on Pressure Equipment, Management System as per ISO 9001:2015, Environmental Management System-ISO 14001:2015, ISO 45001:2015 (Occupational Health & Safety), Testing Certificate-Gas Hoses-1/2" NB Hose Assembly, NABL ISO /IEC 17025:2017, Statement of 153 Conformity for design, manufacturing, and testing of SS corrugated flexible Hose Assembly, Statement of Conformity for Quality Procedures applied standard EN ISO 10380:2012 and BS 6501-1 (E:2004), Certificate of Design Assessment required for quality management systems, environmental management systems, health and safety management systems.
The company's clientele includes distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and companies operating in a wide range of industries.
Aeroflex recorded Rs. 2694.78 Lakhs in total revenue in Fiscal 2023 and Rs. 2409.92 Million in Fiscal 2022.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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