Aeroflex Industries to announce IPO allotment today; here’s how to check

29 Aug 2023 , 10:19 AM

Aeroflex Industries, a company based in Navi Mumbai and known for producing environmentally-friendly metallic flexible flow solutions, is anticipated to reveal the outcome of its initial public offering (IPO) allotment today, which falls on August 29th.

The IPO of Aeroflex Industries commenced on August 22^nd and concluded on August 24^th, featuring a price range of Rs 102 to Rs 108 per share. On the final day of the offering, the IPO experienced a remarkable oversubscription, with a subscription rate of 97.11 times. This garnered bids for 225.46 crore equity shares, surpassing the 2.32 crore shares that were available for purchase.

The qualified institutional buyer segment saw an oversubscription rate of 194.73 times, while the non-institutional investors segment was oversubscribed by 126.13 times. The retail portion displayed robust engagement from investors and was subscribed 34.41 times.

To check the allotment status of the Aeroflex Industries IPO, interested individuals can visit either the BSE website or the website of the IPO’s registrar, Link Intime Pvt Ltd.

Aeroflex Industries IPO important details:

Open date	22 August 2023
Close date	24 August 2023
Lot size	130 Shares
IPO size (Rs crore)	Rs 351 crore
IPO price range (Rs)	Rs 102 to 108
Minimum investment	Rs 14,040
Basis of allotment date	29 August 2023
Refunds date	30 August 2023
Credit to demat account date	31 August 2023
Listing date	31 August 2023