Mumbai-based Aeroflex Industries made a strong listing debut today on BSE at a premium of 82.78 per cent at Rs.197.40.Pantomath Capital is the sole Book Running Lead Manager in Aeroflex Industries IPO.Together with Pre-IPO of Rs 76 crore, .
"If we just look at data of the last five years of emerging market performance in dollar terms – it is negative, and India is about 7% to 8% positive in the dollar terms. It is negative is because China, Russia, etc., everything has disappointed. Overall, eventually people will realise that this basket approach of investing with BRICS or EMs, etc. in India, may not be working for them. It is probably not a scientifically constructed basket.."
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.