Aeroflex Industries IPO Allotment Date: Know How To Check Allotment Status, Important Dates, Subscription Status, GMP And Other Details Here

The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries which opened for subscription on Tuesday (August 22) ended on Thursday (August 24).

The tentative date for Aeroflex Industries IPO allotment is August 29, 2023. Investors who have applied for the book build issue can check Aeroflex Industries IPO allotment status online either by logging in at the BSE website, or the website of its registrar. The official registrar of the Aeroflex Industries IPO is Link Intime India Private Limited. Besides, a bidder can log in at the direct BSE link — bseindia.com/investors/appli_check.aspx or direct Link Intime web link — (linkintime.co.in/mipo/ipoallotment.html) and check Aeroflex Industries IPO allotment status online. 

The book build issue was offered at a price band of Rs 102 to Rs 108 per share and it received an overwhelming response from investors in all categories. Meanwhile, grey market sentiment has remained steady in regard to Aeroflex Industries IPO.

Aeroflex Industries IPO allotment status

The IPO of Aeroflex Industries was overall subscribed 97.11 times. The portion for qualified institutional buyers (QIB) was booked a whopping 194.73 times, while the non-institutional investors' (NII) category was subscribed a stellar 126.13 times. The quota allocated for retail investors was subscribed 34.41 times.

Aeroflex Industries IPO Price Band:

The price band of Aeroflex Industries IPO has been fixed in the range between Rs 102 to Rs 108 per equity share. The IPO has a face value of Rs 2 per equity. The company aims to raise Rs 351 crore from this offer. Aeroflex is a subsidiary of Sat Industries, which is a listed company. 

Ahead of the IPO, Ace investors Ashish Kacholia and Jagdish Master picked up stakes in the company. Aeroflex Industries IPO has received robust response from investors and it has been fully subscribed within one hour of bidding.

Aeroflex Industries IPO GMP today: 

According to market observers, Aeroflex Industries shares are available at a premium of Rs 70 per share in the grey market today. This suggests, Aeroflex Industries IPO grey market premium (GMP) today is Rs70. Analysts believe that a steady GMP is a good sign as stock market sentiment has been weak during this period. The GMP could move northward if the trend reversal happens on D-Street. 

The GMP of Aeroflex Industries was around Rs 55-60, one day before the issue opened for bidding. 

Aeroflex Industries IPO Important Dates:

Bidders who could not get allotment in the IPO may see the initialization of refunds on August 30 (Wednesday). Others, who would be allotted shares may see the credit of shares, in the Demat accounts by August 31 (Thursday), which is also the tentative date for the listing of its equity shares. 

Incorporated in 1993, Aeroflex Industries is the manufacturer and supplier of environment-friendly metallic flexible flow solution products. In the last three years, the company has grown at over 37% revenue CAGR, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating roughly 32% ROCE. For the financial year ending March 2023, the company’s revenue from operations stood at Rs 269.4 crore.