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Aeroflex Industries Limited IPO (Aeroflex Industries IPO) Detail

 Incorporated in 1993, Aeroflex Industries Limited, previously known as Suyog Intermediates Private Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.

The company's product list includes braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators, and related end fittings. As on March 31, 2023, the company recorded more than 1,700 Product SKUs (Stock Keeping Units) in its product portfolio.

Aeroflex Industries' manufacturing facility is located at Taloja, Navi Mumbai, Maharashtra, and is spread across 3,59,528 square feet of area. The facility is certified with Annex III, Module H of Directive 97/23/EC on Pressure Equipment, Management System as per ISO 9001:2015, Environmental Management System-ISO 14001:2015, ISO 45001:2015 (Occupational Health & Safety), Testing Certificate-Gas Hoses-1/2" NB Hose Assembly, NABL ISO /IEC 17025:2017, Statement of 153 Conformity for design, manufacturing, and testing of SS corrugated flexible Hose Assembly, Statement of Conformity for Quality Procedures applied standard EN ISO 10380:2012 and BS 6501-1 (E:2004), Certificate of Design Assessment required for quality management systems, environmental management systems, health and safety management systems.

The company's clientele includes distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and companies operating in a wide range of industries.

Aeroflex recorded Rs. 2694.78 Lakhs in total revenue in Fiscal 2023 and Rs. 2409.92 Million in Fiscal 2022.

Aeroflex Industries IPO Details

Aeroflex Industries IPO is a Book Built Issue. The IPO total issue size is Rs 351.00 Cr. The Aeroflex Industries IPO price is ₹102 to ₹108 per share. The IPO will list on BSE, NSE.

IPO Date

Aug 22, 2023 to Aug 24, 2023

Listing Date

[.]

Face Value

₹2 per share

Price

₹102 to ₹108 per share

Lot Size

130 Shares

Total Issue Size

32,500,000 shares

(aggregating up to ₹351.00 Cr)

Fresh Issue

15,000,000 shares

(aggregating up to ₹162.00 Cr)

Offer for Sale

17,500,000 shares of ₹2

(aggregating up to ₹189.00 Cr)

Issue Type

Book Built Issue IPO

Listing At

BSE, NSE

Share holding pre issue

114,320,370

Share holding post issue

129,320,370

Aeroflex Industries IPO Reservation

QIB Shares Offered

Not more than 50.00% of the Net offer

NII (HNI) Shares Offered

Not less than 15.00% of the Offer

Retail Shares Offered

Not less than 35.00% of the Offer

Aeroflex Industries IPO Timetable (Tentative)

Aeroflex Industries IPO opens on Aug 22, 2023, and closes on Aug 24, 2023.

IPO Open Date

Tuesday, 22 August 2023

IPO Close Date

Thursday, 24 August 2023

Basis of Allotment

Tuesday, 29 August 2023

Initiation of Refunds

Wednesday, 30 August 2023

Credit of Shares to Demat

Thursday, 31 August 2023

Listing Date

Friday, 1 September 2023

Cut-off time for UPI mandate confirmation

5 PM on Aug 24, 2023

Aeroflex Industries IPO Lot Size

The minimum lot size of this Aeroflex Industries IPO is 130 shares required is ₹14,040.

Application

Lots

Shares

Amount

Retail (Min)

1

130

₹14,040

Retail (Max)

14

1820

₹196,560

S-HNI (Min)

15

1,950

₹210,600

S-HNI (Max)

71

9,230

₹996,840

B-HNI (Min)

72

9,360

₹1,010,880

Aeroflex Industries IPO Promoter Holding

Sat Industries Limited and Italica Global FZC are the promoters of the company.

Pre Issue Share Holding

91.09%

Post Issue Share Holding

66.99%

Company Financials

Period Ended

31 Mar 2020

31 Mar 2021

31 Mar 2022

31 Mar 2023

Assets

157.19

161.64

183.44

213.98

Revenue

144.94

144.84

240.99

269.48

Profit After Tax

4.69

6.01

27.51

30.15

Net Worth

52.70

58.72

86.22

114.09

Reserves and Surplus





Total Borrowing

63.46

53.07

39.13

45.01


Key Performance Indicator

Aeroflex Industries IPO Market Cap is Rs 1396.66 Cr and P/E (x) is 40.91.

KPI

Values

P/E (x)

40.91

Market Cap (₹ Cr.)

1396.66

ROE

26.43%

ROCE

31.91%

Debt/Equity

0.39

EPS (Rs)

2.64

RoNW

26.43%



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