About Aeroflex Industries Limited IPO
Incorporated in 1993, Aeroflex Industries Limited is a manufacturer and supplier of environment friendly hoses, hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators and related end fittings collectively known as flexible flow solutions. Its products are used in various industries such as fire sprinklers, aerospace and defense, semiconductors, robotics and automation and many others.
Its manufacturing facility is located at Taloja in Navi Mumbai and its customers include distributors, fabricators, MROs i.e. Maintenance Repair and Operations Companies, Original Equipment Manufacturers (OEMs) and companies which use flexible flow solutions as part of their direct operations. Its products are also exported to more than 80 countries including the USA and Europe. In FY23, it served a total of 723 customers, out of which 217 belonged to 51 countries outside India.
Between FY21 and FY23, the company’s revenue from operations grew at a CAGR of 36.4% and its profit grew at a CAGR of 123.9%. Moreover, the global market for SS flexible hose is estimated to grow at a CAGR of 7.5% to $38 billion between FY20 and FY27.
And now, Aeroflex Industries Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to repay borrowings, fund capital expenditure and general corporate purposes. Its shares will be listed on the NSE and the BSE.
Here are key details about the Aeroflex Industries IPO:
A quick look at Aeroflex Industries IPO’s strengths, risks and threats
Risks and threats
Aeroflex Industries Limited IPO details
| Aeroflex Industries Limited IPO date
According to the offer document filed by the company with the SEBI, the Aeroflex Industries IPO’s opening date – in other words, the Aeroflex Industries IPO launch date – will be 22nd August 2023. The Aeroflex Industries IPO closing date is 24th August 2023. After this, investors will be updated about the allotment status on 29th August 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 31st August 2023. The Aeroflex Industries IPO listing date is 1st September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Aeroflex Industries Limited IPO price band
The IPO is an offer for sale as well as a fresh issue. The Aeroflex Industries IPO price band has been set between ₹102 and ₹108 per share. Interested investors can choose a price within this band to apply for the IPO.
The Aeroflex Industries IPO listing price will be determined on 1st September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Aeroflex Industries Limited IPO lot size
The Aeroflex Industries IPO details have been declared. The Aeroflex Industries IPO lot size is set at 130 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Aeroflex Industries IPO issue size is approx ₹351 crore.
How to pre-apply for the Aeroflex Industries Limited IPO?
You can pre-apply for the Aeroflex Industries IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Aeroflex Industries IPO?
If you are interested in this investment opportunity but unsure how to apply for the Aeroflex Industries IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Aeroflex Industries IPO on Upstox:
How to check the Aeroflex Industries IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Aeroflex Industries IPO allotment status:
Open a demat account with Upstox to apply for the Aeroflex Industries IPO
To apply for the Aeroflex Industries IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Aeroflex Industries IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Aeroflex Industries IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Aeroflex Industries IPO means applying for this public issue before it goes live. Click here to pre-apply for the Aeroflex Industries IPO on Upstox.
You can pre-apply for the Aeroflex Industries IPO from 19 August 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Aeroflex Industries IPO opens for the subscription.
The Aeroflex Industries IPO launch date is 22nd August 2023. The Aeroflex Industries IPO will be open for subscription till 24th August 2023.
The Aeroflex Industries lot size is 130 shares and the minimum investment required is ₹13,260.
The Aeroflex Industries IPO price band is ₹102 – ₹108 per share.
The size of the Aeroflex Industries IPO is approx. ₹351 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 31st August 2023.
Aeroflex Industries shares will be on NSE and BSE.
Aeroflex Industries shares’ listing date is 1st September 2023.