Aeroflex Industries Limited IPO : Key Information

Aeroflex Industries Limited IPO is set to launch on 22 August, 2023. The company initiated its business operations in 1993. It was known as Suyod Intermediaries Private Limited before. The company provides environmentally friendly metallic Flexible Flow Solution Products. Its product line includes Solar hoses, braided hoses, vacuum hoses, Unbraided hoses, gas hoses, interlock hoses, braiding, lancing hoses assemblies, hose assemblies, exhaust connectors, jacketed hose assemblies, exhaust gas recirculation hoses, compensators, expansion bellows, and the fittings related to all such products.

The company’s manufacturing facility is located in Maharashtra. It has more than 1700 SKUs  and its facility is spread across 359528 Sq Feet. The clients of Aeroflex Industries are Distributors, Maintenance repair and operation companies, fabricators, OEM;s etc. 

Aeroflex Industries Limited IPO DETAILS

Aeroflex Industries Limited IPO is set to launch on 22 August, 2023. The subscription timeline extends till 24 August, 2023. The size for the IPO is 351 Crore Rs. Shares issued through fresh issue mode are worth 162 Crore Rs. Shares issued through offer for sale mode are worth Rs 189 Crore. The lot size is 130 shares and the price is 102 to 108 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.2 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Aeroflex Industries Limited IPO

IPO OPENING DATE	22 August, 2023
CLOSING DATE FOR IPO	24 August, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	2 Rs. per share
IPO price band	102 Rs. to 108 Rs. per share
LOT SIZE	130 shares
MINIMUM ORDER QUANTITY	130 shares
ISSUE SIZE	351 Crore Rs.
OFFER FOR SALE	189 Crore Rs.
FRESH ISSUE	162 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	1 September, 2023

Aeroflex Industries Limited IPO : IMPORTANT DATES

IPO OPENING DATE	22 August, 2023
CLOSING DATE FOR IPO	24 August, 2023
IPO ALLOTMENT DATE	29 August, 2023
REFUNDS	30 August, 2023
DEMAT A/C CREDITED ON	31 August, 2023
IPO LISTING DATE	1 September, 2023

Aeroflex Industries Limited IPO begins for subscription from 22 August, 2023. The IPO subscription would continue till 24 August, 2023. The allotment status for the shareholders who applied would come on 29 August, 2023. The refunds for the ones who did not get allotment would be initiated on 30 August, 2023. The DEMAT accounts of shareholders would be credited on 31 August, 2023. The listing of the company would be completed on 1 September, 2023.

Aeroflex Industries Limited IPO : Lead Managers

The lead managers are :

• Pantomath Capital Advisors Private Limited

The minimum lot size for the company is decided at 130 shares. This holding accounts to 14040 Rs.. The maximum lot size is decided at 1820 shares. This amounts to 196560 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	130 shares	14040 Rs.
Maximum	1820 shares	196560 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The money will be used for repayment of borrowings.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	161	183	213
Revenue	144	240	269
PAT	6	27	30

Aeroflex Industries Limited had an asset base of 161 Crore Rs in the year 2021. This went on to 183 Crore Rs in the year 2022 and 213 Crore Rs in the year 2023. The revenue of the firm was 144 Crore Rs in the year 2021. The revenue increased by more than 96 Crore Rs in the next year itself to 240 Crore Rs. Aeroflex’s revenue for the year 2023 was 269 Crore rs. The profit of the firm was 6 Crore Rs in the year 2021 which increased to 27 Crore Rs in the year 2022 and 30 crore rs in the year 2023.

PROS

• Its product line includes Solar hoses, braided hoses, vacuum hoses, Unbraided hoses, gas hoses, interlock hoses, braiding, lancing hoses assemblies, hose assemblies, exhaust connectors, jacketed hose assemblies, exhaust gas recirculation hoses, compensators, expansion bellows, and the fittings related to all such products.
• It has more than 1700 SKUs and its facility is spread across 359528 Sq Feet.
• The clients of Aeroflex Industries are Distributors, Maintenance repair and operation companies, fabricators, OEM;s etc.

CONS

• The company works in a highly competitive segment.

Aeroflex Industries Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Aeroflex Industries Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.