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.
Aeroflex Industries produces eco-friendly metallic flexible flow solutions. It has over 1,700 products in the catalogue, serving worldwide markets and focusing on varied customer requirements.
In addition, richer product mix and favourable steel prices helped to expand its operating margin by over 500 basis points over the last two fiscal years.