Aeroflex Industries Listing: Aeroflex shares listed at 83% premium, Ashish Kacholia – ashish kacholia’s latest pick: aeroflex industries ipo lists with 83 percent premium


New Delhi: Aeroflex Industries’ core business revolves around the production of eco-friendly metallic flexible flow solutions products. This includes various types of hoses, tubes and hoses assemblies. Its customers include distributors, fabricators, maintenance repair and operation companies (MROs), original equipment manufacturers (OEMs) and companies operating in various industries. In addition, the company has recently expanded its product offerings to include products made of copper. This has further expanded the company’s portfolio and opened new avenues for growth. Aeroflex Industries has fixed the date of listing its IPO on 31st August, 2023 which is a significant milestone for the company. As per the information provided by BSE, the equity shares of Aeroflex Industries Limited will be admitted for listing and trading within the ‘B’ group of securities on the exchange with effect from Thursday, August 31, 2023. The listing will commence with a special pre-open session on Thursday at 10:00 am.

The decision to list on both BSE and NSE follows the successful Initial Public Offering (IPO) of the company, which had attracted considerable attention owing to its unique position in the market. With first-come-first-served advantage, the IPO witnessed strong subscription demand, reflecting investors’ confidence in the company’s potential. Strong financial performance in the past and an improving debt-to-equity ratio add to this positive sentiment. Backed by veteran investor Ashish Kacholia, shares of Aeroflex Industries debuted on BSE with a significant premium of 82.78%, surpassing the IPO price of Rs 108 per share.

The company’s recent financial initiatives highlight its strong market position. Through a combination of pre-IPO placements, Aeroflex Industries successfully raised Rs 427 crore. The IPO, held between August 22-24, generated tremendous interest, being subscribed over 97.11 times. Institutional bidders placed bids of 194.73 times. Similarly, it was subscribed 126.13 times in the non-institutional investor category and 34.41 times in the retail portion. Pantomath Capital was acting as the sole book-running lead manager to the issue, while Link Intime India was acting as the registrar. With its IPO, the company has started a new chapter and the attention of the market remains on it.

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