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.
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