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Open
22 Aug 2023
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Close
24 Aug 2023
3
Allotment
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Listing
Thu, Aug 31, 2023
Price Band
₹102 to ₹108
Issue Size
3,25,00,000 shares (agg. up to ₹351 Cr)
Lot Size
130 Shares
Listing Date
Thu, Aug 31, 2023
Latest GMP
₹71
Est. Gain
65.74%
✦ AI Insight
GMP Trend
31-08-2023₹71Est. ₹179+65.74%
30-08-2023₹71Est. ₹179+65.74%
29-08-2023₹65Est. ₹173+60.19%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 69.39x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 213.98 | 183.44 | 161.64 | 157.19 |
| Total Income | 269.48 | 240.99 | 144.84 | 144.94 |
| Profit After Tax | 30.15 | 27.51 | 6.01 | 4.69 |
| NET Worth | 114.09 | 86.22 | 58.72 | 52.70 |
| Total Borrowing | 45.01 | 39.13 | 53.07 | 63.46 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Cosmic CRF Ltd. | SME | ₹57.21 Cr | ₹314 | 35.64 | ₹238.65 | -24.00% | ₹1,441.80 (+2.89%) |
| Krishca Strapping Solutions Ltd. | SME | ₹17.93 Cr | ₹54 | 3.43 | ₹112.90 | +109.07% | ₹171.60 (-1.89%) |
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹196.45 (+0.74%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the Company | 32.00 |
| 2 | Funding working capital requirements of the Company | 84.00 |
| 3 | General corporate purposes and Unidentified Inorganic Acquisitions | 15.53 |
About Aeroflex Industries IPO
Incorporated in 1993, Aeroflex Industries Limited, previously known as Suyog Intermediates Private Limited, manufactures and supplies environment-friendly metallic flexible flow solution products. The company's product list includes braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators, and related end fittings. As on March 31, 2023, the company recorded more than 1,700 Product SKUs (Stock Keeping Units) in its product portfolio. Aeroflex Industries' manufacturing facility is located at Taloja, Navi Mumbai, Maharashtra, and is spread across 3,59,528 square feet of area. The facility is certified with Annex III, Module H of Directive 97/23/EC on Pressure Equipment, Management System as per ISO 9001:2015, Environmental Management System-ISO 14001:2015, ISO 45001:2015 (Occupational Health & Safety), Testing Certificate-Gas Hoses-1/2" NB Hose Assembly, NABL ISO /IEC 17025:2017, Statement of 153 Conformity for design, manufacturing, and testing of SS corrugated flexible Hose Assembly, Sta
Contact Details
Aeroflex Industries Ltd. AddressPlot No.41, 42/13, 42/14 & 42/18near Taloja MIDC, Village Chal, Behind IGPLPanvelNavi Mumbai, Maharashtra, 410208+91 22 61467100corporate@aeroflexindia.comVisit Website