Allotment of shares is happening today in Aeroflex Industries IPO

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Mumbai: If you applied in the IPO of Aeroflex Industries, then read this news carefully. The allotment of its shares is to be done on Tuesday, August 29. Its investors will get shares on the basis of lottery and the whole process will be monitored by the registrar. On the allotment date, investors get to know how many shares have been allotted to them against the bids placed.

How to know allotment status

Applicants to Aeroflex Industries IPO can check the allotment status from the website of BSE or from the website of the registrar. We are telling you how to check allotment status on BSE.

Step 1: Visit the website of BSE

Step 2: Please select the issue name, which is the company name in the drop down.

Step 3: Enter application number or PAN number to check allotment status.

When will the shares be listed

The shares of the company are expected to be listed on the stock exchanges on August 31. According to market sources, the share price of Aeroflex Industries is currently trading at a premium of Rs 70 in the unlisted market. The stock is expected to fetch a bumper premium of 65% on listing if investors get allotted even at the upper price band of IPO of Rs 108.

was oversubscribed 97 times

The IPO of Aeroflex Industries was well received across categories. For this reason, its issue was subscribed 97 times in total. The Qualified Institutional Buyer category was subscribed the highest at 194.7 times, followed by the Non-Institutional Investors category at 126.10 times. The Reservation Shareholders’ portion was subscribed 28.51 times, while the Retail portion was subscribed 34.35 times.

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