Aeroflex Industries IPO

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 nameAeroflex Industries Limited
SectorCapital Goods
IndustryEngineering – Industrial Equipment
Company Website

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 date22 August 2023
IPO Closing24 August 2023
Basis of Allotment29 August 2023
Initiation Refund30 August 2023
Credit to Demat Account31 August 2023
Listing Date01 September 2023

IPO details

Issue typeBook 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 size130 Shares
Retail Allocation35%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)1130₹14,040
Retail (Max)141820₹196,560
S-HNI (Min)151,950₹210,600
S-HNI (Max)719,230₹996,840
B-HNI (Min)729,360₹1,010,880

Reservation Details

QIB Shares Offered50 %
NII (HNI) Shares Offered15 %
Retail Shares Offered35 %

Financial Performance

 FY 2021FY 2022FY 2023
Net income6.0127.5130.15
Margin (%)4.1511.4211.19
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio38.64 – 40.91
RONW (%)10.2431.9026.43
ROCE (%)17.1336.2931.91
EBITDA (%)15.4319.3920.05

Company Promoters

  • Sat Industries Limited
  • Italica Global FZC

Promoter Holding

Pre Issue Share Holding91.09 %
Post Issue Share Holding66.99 %

Lead Manager(s)

Pantomath Nucleus House,
Saki Vihar Road, Andheri East, Mumbai – 400072
Phone: +91-22 6194 6700

IPO Registrar

C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200

Contact Details

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

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

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