Aeroflex Industries Limited IPO Detail
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.
Company PromotersSat Industries Limited and Italica Global FZC are the promoters of the company.
|IPO Opening Date||Aug 22, 2023|
|IPO Closing Date||Aug 24, 2023|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
|IPO Price||₹102 - 108 per equity share|
|Market Lot||130 Shares|
|Min Order Quantity||130 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹351.00 Cr|
|Fresh Issue||₹162.00 Cr|
|Offer for Sale||₹189.00 Cr|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Aeroflex Industries Limited IPO open date is Aug 22, 2023, and the close date is Aug 24, 2023. The issue may list on Sep 01, 2023.
|IPO Open Date||Aug 22, 2023|
|IPO Close Date||Aug 24, 2023|
|Basis of Allotment Date||Aug 29, 2023|
|Initiation of Refunds||Aug 30, 2023|
|Credit of Shares to Demat Account||Aug 31, 2023|
|IPO Listing Date||Sep 01, 2023|
IPO Lot Size
The Aeroflex Industries Limited IPO market lot size is 130 shares. A retail-individual investor can apply for up to 13 lots (1690 shares or ₹182520).
IPO Promoter Holding
|Pre Issue Share Holding||91.09%|
|Post Issue Share Holding||66.99%|
For the year/period ended (₹ in Crore)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
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.
Aeroflex Industries Limited IPO Registrar:
Link Intime India Private Ltd
Aeroflex Industries Limited IPO Lead Manager(s):
Pantomath Capital Advisors Pvt Ltd
Company Contact Information:
Aeroflex Industries Limited
Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC, Village Chal, Behind IGPL, Panvel