The Ashish Kacholia-backed company raised Rs 351 crore from its initial public offering, as it sold its shares in the Rs 102-108 price band from August 22 to August 24.
The Ashish Kacholia-backed company raised Rs 351 crore from its initial public offering as it offered its shares in the range of Rs 102-108 per share between August 22-24.
Aeroflex Industries: The grey market premium has reduced from 70 percent to 60 percent, especially after closing the public issue, which may be due to volatility in the equity markets.
Aeroflex Industries IPO: "With high entry barriers and with investing in new technologies which has helped the company to improve its products, we believe that the company has a potential to grow in the long term and thus we assign a 'Subscribe' rating for the issue," Choice Broking said.
Aeroflex Industries IPO: Ahead of its IPO, the Mumbai-based company said it has garnered Rs 103.68 crore from anchor investors. Aeroflex informed the bourses that it allocated 95,99,980 shares at Rs 108 apiece to anchor investors.