iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Aeroflex Industries IPO subscribed 5.28 times on day 1 so far

22 Aug 2023 , 04:00 PM

The public offering of Aeroflex Industries demonstrated strong investor interest, as indicated by cumulative data on the BSE, with a subscription rate of 5.28 times. Click here to apply in the IPO.

The total applications received amounted to 12.39 crore shares against the available 2.32 crore shares. Notably, retail investors oversubscribed by 5.70 times, while non-institutional investors showcased an oversubscription of 10.22 times, and shareholder quota was oversubscribed by 2.05 times. Qualified institutional buyers subscribed to 1.10 times of the reserved portion.

Aiming to raise Rs 351 crore through this IPO, the Mumbai-based firm has set the upper price band. The IPO structure consists of fresh issuance of shares amounting to Rs 162 crore, along with an offer-for-sale (OFS) component of 1.75 crore shares by the promoter entity SAT Industries.

The public offer will be available in lots, with each lot comprising 130 company shares.

The book build issue is anticipated to be listed on both BSE and NSE, with the tentative listing date for the Aeroflex Industries IPO set for September 1, 2023.

Related Tags

  • Aeroflex Industries IPO
  • Aeroflex Industries IPO Apply
  • Aeroflex Industries IPO GMP
  • Aeroflex Industries IPO subscribe
  • Aeroflex Industries IPO subscription status
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.