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Thursday, July 18, 2024

Aeroflex IPO: GMP predicts strong listing gains of 60% for investors ahead of tomorrow’s market debut

<p>On Thursday, August 31, Aeroflex Industries’ initial public offering (IPO) will make its debut on the NSE and BSE stock markets. The most recent GMP of the Rs 351-crore IPO, which concluded last week with a massive 97.07 times subscription, predicts profits of around 60% on the listing day tomorrow.</p>
<p>According to a statement by the business, the Aeroflex IPO had more over 27 lakh applications, which is the most of any 2023 IPO.<img decoding=”async” class=”alignnone wp-image-153315″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon-750×422.png” alt=”theindiaprint.com zomato stock price increases 5 following 10 billion shares switch hands in several block deals ipo 3 e1692684467526 11zon” width=”1480″ height=”833″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon-750×422.png 750w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon-1024×576.png 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon-768×432.png 768w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon-390×220.png 390w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon-150×84.png 150w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-zomato-stock-price-increases-5-following-10-billion-shares-switch-hands-in-several-block-deals-ipo-3-e1692684467526-11zon.png 1200w” sizes=”(max-width: 1480px) 100vw, 1480px” title=”Aeroflex IPO: GMP predicts strong listing gains of 60% for investors ahead of tomorrow's market debut 3″></p>
<p>It claimed that via the pre-IPO and initial public offering of Aeroflex, Aeroflex Industries and its corporate promoter, Sat Industries Ltd, raised a combined Rs 427 crore (approximately $52 million). The pre-IPO round garnered around Rs 76 crore, while the IPO raised about Rs 351 crore.</p>
<p>GMP Aeroflex IPO</p>
<p>Market watchers report that Aeroflex Industries is presently selling 65 rupees more expensively on the black market. The grey market premium, or GMP, of Rs 65 is around 60% more expensive than the share’s maximum issuance price of Rs 108. This indicates that the grey market anticipates a 60% listing gain from the public issuance.</p>
<p>Investors’ willingness to pay more than the issue price is indicated by the term “grey market premium.”</p>
<p>IPO Quota-Wise Subscription for Aeroflex</p>
<p>Response to the Aeroflex IPO was very positive across the board. A staggering 190.47 times as many non-institutional investors subscribed as qualified institutional buyers (QIBs), on the other hand, received 129.06 times as many. Retail individual investors (RIIs) received 34.55 times as many subscriptions as holding company shareholders (12.41 times as many subscriptions).</p>
<p>How to Check the Status of the Aeroflex IPO Share Allotment</p>
<p>How to use the BSE website to check the status of Aeroflex Industries’ IPO allocations:</p>
<p>1) Enter the URL https://www.bseindia.com/investors/appli_check.aspx to access the official BSE website.</p>
<p>2) Choose ‘Equity’ under ‘Issue Type’.</p>
<p>3) From the dropdown menu next to “Issue Name,” choose “Aeroflex Industries Limited.”</p>
<p>4) Enter the Permanent Account Number (PAN) associated with your application.</p>
<p>5) After confirming that you are not a robot, choose “Search” from the menu.</p>
<p>Your screen will display the status of your sharing application.</p>
<p>Information about the Aeroflex IPO</p>
<p>On August 22, 2023, Aeroflex began its initial public offering (IPO) for Rs 351 crore (at the highest price range), which ended on August 24, 2023, a Thursday.</p>
<p>Price range for the first public offering was set at Rs. 102-Rs. 108 per equity share. Through a book-building procedure, 1.54 percent of the total issue size was reserved for the qualified shareholders of the holding company.</p>
<p>A total of 50% of the offer was offered for distribution to qualified institutional purchasers, 15% of the offer was made accessible to non-institutional investors, and 35% was made available to retail individual investors. Refunds will start on August 30, 2023, once the allocation was finalized on August 29, 2023.</p>
<p>On August 30, 2023, the shares will be credited to the demat accounts of qualified investors. On August 31, 2023, the company’s shares are anticipated to list on the BSE and NSE.</p>
<p>Concerning Aeroflex Industries Ltd.</p>
<p>Global markets are served by Aeroflex, a producer of environmentally friendly metallic flexible flow solution solutions. The business sells goods to more than 80 nations, including those in North America and Europe.</p>
<p>Over 80% of the firm’s operating income, according to a statement from the corporation, came from exports. A broad range of industries get products from Aeroflex for the regulated flow of air, liquid, and solid substances.</p>
<p>In the previous three years, Aeroflex’s revenue has increased by more than 37% CAGR, running at more than 4.85 times asset turnover, clocking over 20% EBITA margins, and producing approximately 32% ROCE (return on capital employed).</p>
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