Aeroflex Industries Limited is a leading manufacturer of high-quality foam and rubber products. Operating for more than thirty years, the company has established a good reputation for industry excellence. By prioritizing innovation and ensuring customer satisfaction, Aeroflex Industries Limited has solidified its position as a trusted and reputable name in the market.
About Aeroflex
The company offers insulation foam, acoustic foam, packaging foam, and rubber sheets, comprising a wide product range. State-of-the-art technology manufactures all these products to meet the highest quality standards. The company’s ISO 9001:2015 certification demonstrates its commitment to quality.
Aeroflex Industries Limited dedicates itself to delivering the best possible service to its customers. Our team of highly skilled professionals ensures customers receive prompt and efficient service. Additionally, the company tailors solutions to meet the specific needs of its customers.
Various industries, including automotive, construction, electronics, and packaging, utilize the company’s products. Aeroflex Industries Limited maintains a strong presence in both domestic and international markets, exporting to over 25 countries.
In addition to its quality and customer service focus, Aeroflex Industries Limited prioritizes sustainability. Eco-friendly processes and materials are used in its manufacturing operations, and the company continually seeks ways to reduce its carbon footprint.
Overall, Aeroflex Industries Limited excels in all aspects of its operations. With its emphasis on quality, customer service, and sustainability, the company has positioned itself as an industry leader.
Aeroflex Industries IPO Timetable (Tentative)
Aeroflex Industries 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 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 be listed on BSE and 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 |
| Shareholding post issue | 114,320,370 |
| Share holding post issue | 129,320,370 |
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 |
Aeroflex Industries 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 Limited 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% |
Aeroflex | Anchor Investors Details
Aeroflex Industries IPO raises Rs 103.68 crore from anchor investors. Aeroflex Industries IPO Anchor bid date is Aug 21, 2023.
| Bid Date | Aug 21, 2023 |
| Shares Offered | 9599980 |
| Anchor Portion Size (In Cr.) | 103.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 12, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Jan 10, 2024 |
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 |
|---|---|
| P/E (x) | 40.91 |
| ROE | 26.43% |
| ROCE | 31.96% |
| Debt/Equity | 0.39 |
| EPS (Rs) | 2.64 |
| RoNW | 26.43% |
Aeroflex Industries Limited GMP
| GMP Rate | 53.70% |
| GMP in INR | 58 |