Flexible flow solutions company Aeroflex Industries is a subsidiary of Sat Industries, developing and manufacturing environment-friendly metallic flexible corrugated hoses, assemblies and fittings
Shares of Aeroflex Industries Ltd on Thursday make stock market debut opening at Rs 197.4 on the BSE, which is about 82.78 per cent higher than the issue price of Rs 108 per share
Most sectors, including banks, infra, FMCG and pharma reeled under pressure, while automobiles and information technology inched higher. The Adani group stocks, too, were under pressure following fresh allegations of stock manipulation
Aeroflex Industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses. It is a subsidiary of Sat Industries which is also a listed company.
The IPO, with a face value of Rs 2 per equity, is priced in the range of Rs 102-108. The issue consists of a fresh equity of Rs 160 crore and an offer-for-sale (OFS) of up to 17.5 million shares by promoters selling shareholders