Aeroflex Industries share price: The stock initially dropped 2.22 per cent to hit a low of Rs 145.35 against its previous close of Rs 148.65. Later in the day, the scrip rebounded and jumped 6.69 per cent to touch a high price of Rs 158.60. It eventually settled 4.74 per cent higher at Rs 155.70.
Flexible flow solutions company Aeroflex Industries is a subsidiary of Sat Industries, developing and manufacturing environment-friendly metallic flexible corrugated hoses, assemblies and fittings
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.
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.