Last day to apply in Ashish Kacholia-backed Aeroflex Industries IPO

24 Aug 2023 , 12:09 PM

Aeroflex Industries, the manufacturer of flexible flow solution products, has garnered significant investor interest, with bids pouring in for 72.74 crore equity shares against an offer size of 2.32 crores. This remarkable demand has led to an impressive oversubscription rate of 31.33 times during the IPO’s final day of bidding on August 23rd. To participate in the IPO, you can click here.

Investors from all categories have displayed remarkable enthusiasm, with high net-worth individuals subscribing at a rate of 76.42 times their allocated quota, and retail investors following closely at 24.36 times their designated portion.

Promoter Sat Industries’ shareholders have demonstrated a strong interest by bidding 15.85 times the reserved portion, which accounts for 5 lakh shares of the total offer size. Qualified institutional buyers, allotted 50% of the IPO size, have subscribed at a rate of 9.91 times.

The Mumbai-based company has strategically allocated 15% of the issue portion to high net-worth individuals, while the remaining 35% is reserved for retail investors.

Aeroflex Industries’ public issue, valued at Rs 351 crore, witnessed an oversubscription rate of 6.72 times upon its debut on August 22nd, which soared to an impressive 21.1 times by the end of the second day.

The IPO’s price band is set between Rs 102 to Rs 108 per equity share. Interested investors can place bids for a minimum of 130 equity shares, with subsequent bids being in multiples of 130 equity shares