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.
Aeroflex IPO: Aeroflex Industries' unlisted shares are currently trading at Rs 178 in the grey market, indicating about 64 per cent gain on the listing day
Analysts gave a thumbs-up to the issue as it offers a favourable risk-reward ratio for long-term investors, given its unique business model, decent return ratios and margins.