Aeroflex Industries IPO will open for subscription from 22 August 2023. the company aims for an issue size of ₹351 Cr through this IPO.
Company Overview
| Full name | Aeroflex Industries Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipment |
| Company Website | https://www.aeroflexindia.com/ |
About Company
Incorporated in 1993, Aeroflex Industries is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. The company exports the products to more than 80 countries including Europe, the USA, and others. Its exports contributed to 80.85%, 84.53%, 80.90%, and 74.74% of the revenue from operations, for the ten months period ended 31 January 2023 and FY 2022, 2021, and 2020, respectively.
During the ten months ended 31 January 2023, it supplied the products to 633 customers. Aeroflex Industries’ manufacturing facility, located at Taloja, Navi Mumbai in the state of Maharashtra, is spread across 3,59,528 square feet of area. The company’s product categories include 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 31 January 2023, it had more than 1,700 Product SKUs (Stock Keeping Units) in the product portfolio.
The Objective of the Issue
- Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any availed by the company,
- Funding working capital requirements of the company, and
- General corporate purposes and Unidentified Inorganic Acquisitions.
IPO Timetable
| IPO Opening date | 22 August 2023 |
| IPO Closing | 24 August 2023 |
| Basis of Allotment | 29 August 2023 |
| Initiation Refund | 30 August 2023 |
| Credit to Demat Account | 31 August 2023 |
| Listing Date | 01 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹351 Cr – 32,500,000 shares |
| Fresh Issue | ₹162 Cr – 15,000,000 shares |
| Offer for sale | ₹189 Cr – 17,500,000 shares |
| Face value | ₹02 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot size | 130 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| 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 |
Reservation Details
| QIB Shares Offered | 50 % |
| NII (HNI) Shares Offered | 15 % |
| Retail Shares Offered | 35 % |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 144.77 | 240.80 | 269.46 |
| Expenses | 135.16 | 204.54 | 225.20 |
| Net income | 6.01 | 27.51 | 30.15 |
| Margin (%) | 4.15 | 11.42 | 11.19 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.53 | 2.41 | 2.64 |
| PE ratio | – | – | 38.64 – 40.91 |
| RONW (%) | 10.24 | 31.90 | 26.43 |
| NAV | 5.14 | 7.54 | 9.98 |
| ROCE (%) | 17.13 | 36.29 | 31.91 |
| EBITDA (%) | 15.43 | 19.39 | 20.05 |
| Debt/Equity | 0.90 | 0.45 | 0.39 |
Company Promoters
- Sat Industries Limited
- Italica Global FZC
Promoter Holding
| Pre Issue Share Holding | 91.09 % |
| Post Issue Share Holding | 66.99 % |
Lead Manager(s)
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House,
Saki Vihar Road, Andheri East, Mumbai – 400072
Phone: +91-22 6194 6700
Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: aeroflexindustries.ipo@linkintime.co.in
Website: www.linkintime.com
Contact Details
AEROFLEX INDUSTRIES LIMITED
Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC,
Village Chal, Behind IGPL, Panvel, Navi Mumbai – 410 208
Phone: +91 91 22 61467100/ 22 22850888
Email: corporate@aeroflexindia.com
Website: www.aeroflexindia.com
Allotment Status
Aeroflex Industries IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Aeroflex Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
