Established in 1993 as Suyog Intermediates Private Limited and later rebranded as Aeroflex Industries Limited, the company specializes in manufacturing and distributing environmentally friendly metallic flexible flow solution products. Their product range encompasses various hoses, hose assemblies, connectors, and related fittings, totaling more than 1,700 different SKUs as of March 31, 2023.
Aeroflex Industries is set to launch an IPO, which is a Book Built Issue with a total issue size of Rs 351.00 Cr. The IPO price per share ranges from ₹102 to ₹108, and it will be listed on both BSE and NSE. The IPO will take place from August 22, 2023, to August 24, 2023, with a lot size of 130 shares.
Face Value: ₹2 per share
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)
IPO Type: Book Built Issue IPO
Ownership Details:
Shareholding Pre-Issue: 114,320,370
Shareholding Post-Issue: 129,320,370
Reservation for IPO:
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
IPO Timetable (Tentative):
IPO Opens: August 22, 2023
IPO Closes: August 24, 2023
Basis of Allotment: August 29, 2023
Refund Initiation: August 30, 2023
Shares Credited to Demat: August 31, 2023
Listing Date: September 1, 2023
Cut-off Time for UPI Mandate Confirmation: 5 PM on August 24, 2023
Lot Size:
Minimum Lot Size: 130 shares, requiring ₹14,040.
Promoters:
Sat Industries Limited and Italica Global FZC are the promoters of the company.
Financial Highlights (Restated Consolidated):
As of March 31, 2023:
Assets: ₹213.98 Crore
Revenue: ₹269.48 Crore
Profit After Tax: ₹30.15 Crore
Net Worth: ₹114.09 Crore
Market Cap: ₹1396.66 Crore
P/E (x): 40.91
Return on Equity (ROE): 26.43%
Return on Capital Employed (ROCE): 31.91%
Debt/Equity Ratio: 0.39
Earnings Per Share (EPS): ₹2.64
Return on Net Worth (RoNW): 26.43%