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, .
Aeroflex Industries is expected to announce its share allotment status today, August 29.The shares of Aeroflex Industries were subscribed 97.11 times.The shares
The company exports Make-in-India metallic flexible flow solutions to over 85 countries. Exports contribute more than 80% to the total revenues. The IPO, with a face value of Rs 2 per equity share, comprises a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale of up to 17.5 million equity shares by the promoting shareholders.
Aeroflex filed its preliminary IPO papers with the regulator in March of this year. Prior to the IPO, prominent investors, including Ashish Kacholia and Jagdish Master, acquired stakes in the company
Aeroflex Industries has witnessed investors such as Ashish Kacholia and Jagdish Master increase stakes ahead of its initial public offering (IPO) scheduled this month. The IPO seeks to raise Rs 350 crore and comprises a fresh equity shares issue worth up to Rs 160 crore and an offer for sale of up to 17.5 million equity shares by promoter shareholders. More than 7% stakes in the firm were purchased by the investors over two months. Aeroflex s metallic flexible flow solutions account for more than 80% of the firm s revenues and are used by fire-fighting, space, aviation, and other sectors.