Aeroflex Industries, a prominent producer and supplier of eco-friendly metallic flexible flow solution products, wrapped up its initial public offering (IPO) on August 24, 2023. The issue, which was oversubscribed 97.11 times by the investors, fetched Rs 351 crore for the company. The IPO consisted of a fresh issue of Rs 162 crore and an offer for sale of Rs 189 crore by the promoter Sat Industries.
The company set the price band of its shares at Rs 102-108 per share and the lot size at 130 shares. The shares are slated to be listed on the BSE and NSE on August 31 2023.
If you have applied for the Aeroflex IPO, you must be curious to know the status of your allotment. Here are two methods to check your application status and the grey market premium (GMP) of the company.
How to check Aeroflex IPO allotment status via BSE website
- Visit the official BSE website via the URL .
- Choose ‘Equity’ as the issue type and ‘Aeroflex Industries Limited’ as the issue name from the drop-down menus.
- Enter your application number and PAN number in the respective fields.
- Click on ‘Search’ to view your allotment status.
How to check Aeroflex IPO allotment status via registrar’s website
- Visit the official website of Link Intime India, the registrar of Aeroflex IPO, via the URL .
- Choose ‘Aeroflex Industries Limited – IPO’ as the company name from the drop-down menu.
- Enter your PAN number, application number or DP ID/Client ID in the respective fields.
- Click on ‘Submit’ to view your allotment status.
What is Aeroflex IPO GMP today
The grey market premium (GMP) of Aeroflex IPO is a sign of the listing price and demand of the shares in the unofficial market. The GMP is the difference between the issue price and the price at which the shares are traded in the grey market.
As per some sources, Aeroflex IPO GMP today is around Rs 70-75 per share, which implies a listing gain of about 65-69% over the issue price . However, this is not an official or reliable measure and may change depending on various factors.
About Aeroflex Industries
Aeroflex Industries was established in 1993 and is involved in manufacturing and supplying environment-friendly metallic flexible flow solution products. These products replace rubber and polymer pipes and tubes and have applications in various industries such as fire-fighting, aviation, space, oil and gas, power, etc.
The company has a varied product portfolio with more than 1,700 product SKUs as of March 31, 2023. The company exports its products to more than 85 countries, with exports accounting for more than 80% of its total revenues.
The company has a modern manufacturing facility at Taloja, Navi Mumbai, Maharashtra, with a capacity of 1.5 million meters per annum. The facility is certified with various quality and environmental standards such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2015, etc.
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The company has no listed peers in its segment and enjoys a virtual monopoly in its business. The company has also received backing from some eminent investors such as Ashish Kacholia, Jagdish Master, Vikas Khemani-led Carnelian Fund, etc., who acquired around 7% stake in the company in pre-IPO rounds.
The company’s financial performance has been robust and consistent over the years. The company’s total revenue increased from Rs 2409.92 million in FY 2022 to Rs 2694.78 million in FY 2023, registering a growth of 11.82%. The company’s profit after tax increased from Rs 223.67 million in FY 2022 to Rs 258.71 million in FY 2023, registering a growth of 15.68%. The company’s return on net worth was 26.87% in FY 2023.
