Aeroflex Industries Limited, Established in 1993, (formerly Suyog Intermediates Private Limited) specializes in producing environmentally friendly metallic flexible flow solution products.
The company’s offerings encompass a range of products such as braided hoses, solar hoses, gas hoses, vacuum hoses, and more. With over 1,700 Product SKUs, its portfolio is diverse and comprehensive.
Aeroflex Industries operates from a spacious manufacturing facility in Taloja, Navi Mumbai, spanning 3,59,528 square feet. The facility holds certifications for quality, environmental, and occupational health & safety management systems.
The company serves a wide array of clients, including distributors, fabricators, OEMs, and MROs across various industries.
In Fiscal 2023, Aeroflex achieved total revenue of Rs. 2694.78 Lakhs, and Rs. 2409.92 Million in Fiscal 2022.
IPO Details #
Aeroflex Industries IPO is a Book Built Issue. The IPO total issue size is Rs 351.00 Cr. The Aeroflex Industries IPO price is ₹102 to ₹108 per share. The IPO will list on BSE, NSE.
| IPO Date | Aug 22, 2023 to Aug 24, 2023 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | ₹102 to ₹108 per share |
| Lot Size | 130 Shares |
| Total Issue Size | 32,500,000 shares (aggregating up to ₹351.00 Cr) |
| Fresh Issue | 15,000,000 shares (aggregating up to ₹162.00 Cr) |
| Offer for Sale | 17,500,000 shares of ₹2 (aggregating up to ₹189.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 114,320,370 |
| Share holding post issue | 129,320,370 |
IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Aeroflex Industries IPO Timetable (Tentative) #
IPO opens on Aug 22, 2023, and closes on Aug 24, 2023.
| IPO Open Date | Tuesday, 22 August 2023 |
| IPO Close Date | Thursday, 24 August 2023 |
| Basis of Allotment | Tuesday, 29 August 2023 |
| Initiation of Refunds | Wednesday, 30 August 2023 |
| Credit of Shares to Demat | Thursday, 31 August 2023 |
| Listing Date | Friday, 1 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 24, 2023 |
Aeroflex Industries IPO Lot Size #
The minimum lot size of this Aeroflex Industries IPO is 130 shares required is ₹14,040.
| 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 |
| Lot Size Calculator | |||
Aeroflex Industries IPO Promoter Holding #
Sat Industries Limited and Italica Global FZC are the promoters of the company.
| Pre Issue Share Holding | 91.09% |
| Post Issue Share Holding | 66.99% |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 157.19 | 161.64 | 183.44 | 213.98 |
| Revenue | 144.94 | 144.84 | 240.99 | 269.48 |
| Profit After Tax | 4.69 | 6.01 | 27.51 | 30.15 |
| Net Worth | 52.70 | 58.72 | 86.22 | 114.09 |
| Reserves and Surplus | ||||
| Total Borrowing | 63.46 | 53.07 | 39.13 | 45.01 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 1396.66 |
| ROE | 26.43% |
| ROCE | 31.91% |
| Debt/Equity | 0.39 |
Objects 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.
Aeroflex Industries IPO Prospectus #
Company Contact Information #
Plot No. 41, 42/13, 42/14 & 42/18,
near Taloja MIDC, Village Chal, Behind IGPL,
Panvel, Navi Mumbai – 410 208
Phone: +91 22 61467100
Email: corporate@aeroflexindia.com
Website: https://www.aeroflexindia.com/
Aeroflex Industries IPO Registrar #
Phone: +91-22-4918 6270
Email: aeroflexindustries.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
