Aeroflex Industries Limited

Company Profile
Company Name Aeroflex Industries Limited
Open Date 22-08-2023
Close Date 24-08-2023
Exchange BSE,NSE
Lot Size 130 Shares
Issue Price ₹102 to ₹108 per share
Issue Size 3,25,00,000 Equity Shares
Application Amount Min. Inv. - ₹ 14,040 (130 shares) Max. Inv. – ₹ 1,96,560 (1,820 shares)
Recommendation Apply

Company was incorporated in the year 1993 and has its registered office in Mumbai.  Company is engaged in manufacturing and supplying of environment friendly metallic flexible flow solution products.  The company exports the products to more than 80 countries including Europe, USA and others. The company is also into metallic flexible flow solutions made of SS.

The company have recently developed products made of bronze. The company supply the products to a wide spectrum of industries for controlled flow of all forms of substances including air, liquid and solid.  As on March-23, Company has 57 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 16,164.20 18,343.70 21,397.70
Net Assets 5,871.70 8,622.30 11,409.30
Total Borrowings 5,306.80 3,912.70 4,500.60
Total Revenue 14,483.50 24,099.20 26,947.80
Profit After Tax 601.00 2,750.70 3,015.40

Tentative Timeline

Opening Date 22/08/2023
Closing Date 24-08-2023
Basis of Allotment 29-08-2023
Initiation of Refunds 30-08-2023
Credit of Shares to Demat 31-08-2023
Listing Date 01-09-2023

Objects of the Issue

Full or part repayment and/or prepayment of certain outstanding secured borrowings.
Working Capital Requirements.
General corporate purposes and unidentified inorganic acquisitions.

Contact Information

Registered Office Aeroflex Industries Limited 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

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

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

Shareholding Pattern

Pre Issue Share Holding (Promoters) 91.09%
Post Issue Share Holding (Promoters) 66.99%

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