AEROFLEX INDUSTRIES LIMITED
₹ 102 - ₹ 108
22-Aug-2023 - 24-Aug-2023
₹ 14040.00

/ 130 Shares

AEROFLEX INDUSTRIES LIMITED

22-Aug-2023 - 24-Aug-2023

₹ 102 - ₹ 108

Price Band

₹ 14040.00

Minimum Investment

130

Bid Lot

32,500,000

Shares

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 162 Cr + Offer for Sale of upto 17,500,000 Equity Shares

Category % Shares/Amount
QIB 50% 16,000,000 Shares Rs. 660.00 Cr
HNI 1 5% 1,600,000 Shares Rs. 17.28 Cr @ 821 Form 1x
HNI 2 10% 3,200,000 Shares Rs. 34.56 Cr @ 1641 Form 1x
Retail 35% 11,200,000 Shares Rs. 120.96 Cr @ 86154 Form 1X
ShareHolder 0% 500,000 Shares Rs. 5.40 Cr

Pantomath Capital Advisors Pvt Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
86154 Form 1X 821 Form 1x 1641 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 130 ₹ 14,040
Retail (Upto 2 Lakh) 14 1820 ₹ 196,560
S-HNI (2 Lakh to 10 Lakh) 15 1950 ₹ 210,600
S-HNI (2 Lakh to 10 Lakh) 71 9230 ₹ 996,840
B-HNI (Above 10 Lakh) 72 9360 ₹ 1,010,880

IPO Timeline

  • Open Date

    22-Aug-2023

  • Close Date

    24-Aug-2023

  • Basis of Allotment Date

    29-Aug-2023

  • Initiation of Refunds

    30-Aug-2023

  • Credit Shares to Demat A/c

    31-Aug-2023

  • IPO Listing Date

    01-Sep-2023

Subscription as on
24-Aug-2023 17:50

Category Book Size Subscription No. of Times
QIB 6,400,000 ₹ 69.12 Cr. 1,222,231,140 ₹ 13200.10 Cr. 190.97x
HNI (<10 LAKH) 1,600,000 ₹ 17.28 Cr. 208,285,480 ₹ 2249.48 Cr. 130.18x
HNI2 (>10 LAKH) 3,200,000 ₹ 34.56 Cr. 413,663,510 ₹ 4467.57 Cr. 129.27x
RETAIL 11,200,000 ₹ 120.96 Cr. 395,287,620 ₹ 4269.11 Cr. 35.29x
EMP 500,000 ₹ 5.40 Cr. 0 ₹ 0.00 Cr. 0.00x
Total 22,900,000 2,239,467,750 97.79x
Category Book Size Subscription No. of Times
QIB 6,400,000 ₹ 69.12 Cr. 1,222,231,140 ₹ 13200.10 Cr. 190.97x
HNI (<10 LAKH) 1,600,000 ₹ 17.28 Cr. 208,285,480 ₹ 2249.48 Cr. 130.18x
HNI2 (>10 LAKH) 3,200,000 ₹ 34.56 Cr. 413,663,510 ₹ 4467.57 Cr. 129.27x
RETAIL 11,200,000 ₹ 120.96 Cr. 395,287,620 ₹ 4269.11 Cr. 35.29x
EMP 500,000 ₹ 5.40 Cr. 0 ₹ 0.00 Cr. 0.00x
Total 22,900,000 2,239,467,750 97.79x

*Excluding Anchor

Total No. of Application Approx : ~2714153 (31.50 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Aeroflex Industries Limited (“Aeroflex”) was incorporated on October 19, 1993. Acquired by Sat Industries Ltd in April, 2018, Aeroflex is manufacturers and suppliers of environment friendly metallic flexible flow solution products including 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 collectively known as flexible flow solutions catering to global as well as domestic markets.  
  • Aeroflex is into metallic flexible flow solutions made of Stainless Steel (“SS”). They have recently developed products made of bronze as well. Their products replace flow solutions made of rubber and polymers. 
  • Metallic flexible flow solutions made with stainless steel produce significantly lower carbon emissions than those made with synthetic rubber making their products environment friendly and business model green & sustainable. 
  • As on March 31, 2023, they had more than 1,700 Product SKUs (Stock Keeping Units). 
  • Aeroflex is an export-oriented company and they export their products to more than 80 countries including Europe, USA and others. 
  • Aeroflex operates from owned and single manufacturing facility for the manufacture of all their products located at Taloja, Navi Mumbai in the state of Maharashtra spread across 3,59,528 sq.ft. of area. As of March 31, 2023, they have an aggregate installed capacity of 11 million metre per annum.  
  • The manufacturing facility also has an in-house Design and R&D laboratory and as of March 31, 2023, the Design and R&D team had pipeline of 57 products under various phases. 
  • For Fiscals 2023, 2022 and 2021 company’s exports constituted 80.60%, 84.53%, and 80.90% of the revenue from operations respectively. 
  • To serve their export markets better and on real time basis, Aeroflex has incorporated a wholly owned subsidiary in the United Kingdom (UK) in the name of “Aeroflex Industries Limited” in 2019. 
Read More

Strengths

  • Global flexible flow solutions provider operating in addressable market, catering to diverse industry segments;
  • Export oriented business model;
  • Primary Manufacturer of flexible flow solutions (Make-in-India, Make-For-World) with no listed peers with advanced manufacturing facility and R&D infrastructure;
  • High entry and exit barriers;
  • Experienced and dedicated senior team across key functions. 
  • Expand the portfolio of solutions to capitalize on large opportunities across industrial segments;
  • Scale up the In-house Design and R&D efforts;
  • Increase focus on global markets and enhance the international presence;
  • Expand the domestic business to leverage the opportunities across industrial segments;
  • Focus on Digitisation and Industry 4.0 initiatives to drive operational efficiencies and achieve synergies

Company Promoters

Asad Daud is the Managing Director and Chairman of the company. Mustafa Abid Kachwala is the Whole-time Director of the company. Ramesh Chandra Soni is the Independent Director of the company. Harikant Ganeshlal Turgalia is the Non-Executive Director of the company. Shilpa Bhatia is the Independent Director of the company. Partha Sarathi Sarkar is the Independent Director of the company. Arpit Khandelwal is the Independent Director of the company. Kinjal Kamlesh Shah is the Company Secre

Company Financials

Aeroflex Industries IPO Financial Information (Restated Consolidated)
Period Ended 31 Mar 2020 31 Mar 2021 31 Mar 2022 31 Mar 2023
Assets 157.19 161.64 183.44 213.98
Revenue 144.94 144.84 240.99 269.48
Profit After Tax 4.69 6.01 27.51 30.15
Net Worth 52.70 58.72 86.22 114.09
Reserves and Surplus        
Total Borrowing 63.46 53.07 39.13 45.01

Amount in ? Crore

Objects of the Issue

  1. Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company,
  2. Funding working capital requirements of the company, and
  3. General corporate purposes and Unidentified Inorganic Acquisitions.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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