Aeroflex Industries IPO : Key Details
Updated: Aug 29, 2023
Basic information about the company: Aeroflex Industries Limited, an Indian company incorporated in 1993, has been a trailblazer in the realm of metallic flow solutions. Formerly known as Suyog Intermediates Private Limited, the company has consistently demonstrated its commitment to providing cutting-edge and eco-conscious products that cater to a wide range of industries. Diverse Product Portfolio:
The company boasts an extensive product portfolio, including braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, and more. Notably, their offerings extend beyond hoses to encompass a spectrum of products like interlock hoses, hose assemblies, and exhaust connectors.
Clientele:
Aeroflex Industries' clientele is a testament to its versatility and quality. Catering to distributors, fabricators, MROs, OEMs, and companies spanning various industries, the company has positioned itself as a reliable partner across different sectors. From automotive to aerospace, its products find applications in critical systems. Objects of the IPO:
The upcoming IPO by Aeroflex Industries aims to leverage the net proceeds for specific purposes. The company intends to utilize the funds for the repayment of secured borrowings, addressing working capital requirements, and pursuing general corporate goals. Additionally, the potential for unidentified inorganic acquisitions opens doors to exciting future possibilities.
Promoter Holdings:
Sat Industries Limited and Italica Global FZC play instrumental roles as promoters of Aeroflex Industries. Their pre-issue shareholding of 91.09% underscores their commitment to the company's growth trajectory, while post-issue, this shareholding stands at 66.99%, indicating an infusion of fresh investors. Aeroflex Industries IPO Details For investors interested in participating in the IPO, the IPO details are as follows: IPO Dates: 22 to 24 Aug 2023 Price: 102 to 108 Lot Size: 130 Shares Issue Size: 351 Crores Allotment Date: 29/30 Aug 2023 Listing Date: 1 Sept 2023 GMP: +45% Per share (only for information)
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