Aeroflex IPO: High GMP and Strong Subscription Signals Potential 60% Listing Gain
The stock market is abuzz with anticipation as Aeroflex Industries prepares for its highly awaited initial public offering (IPO) debut on August 31st. Both the NSE and BSE will witness the listing of Aeroflex Industries, a moment that investors have been eagerly awaiting. The recent market trends and the remarkable response to the IPO point to a potentially significant listing gain, making it a hot topic of discussion among investors and financial experts.
Aeroflex IPO GMP: An Indicator of Promising Listing Gain
The Grey Market Premium (GMP) of Aeroflex Industries has become a subject of interest for market observers. The GMP, currently at Rs 65, signifies a 60% increase from its upper issue price of Rs 108 per share. This suggests that the grey market expects a substantial listing gain, reflecting investors’ willingness to pay above the issue price for Aeroflex shares. The GMP’s upward trajectory showcases the market’s confidence in the potential growth of the company’s stock value.
Record-Breaking Subscription Numbers
Aeroflex IPO’s subscription numbers have left an indelible mark on the IPO landscape of 2023. With over 27 lakh applications received, Aeroflex IPO has set a new record for the highest number of applications received in an IPO this year. This exceptional response speaks volumes about investors’ confidence in the company’s prospects and its potential to deliver substantial returns. The overwhelming subscription rate of 97.07 times further validates the widespread anticipation for a robust listing performance.
“The remarkable subscription numbers reaffirm the market’s belief in Aeroflex Industries and its growth trajectory.”
Comprehensive Quota-Wise Subscription
Aeroflex IPO’s subscription success cuts across various investor categories. The Qualified Institutional Buyers (QIBs) category witnessed an astonishing subscription rate of 190.47 times, while the Non-Institutional Investors category saw a strong demand with a subscription rate of 129.06 times. Retail Individual Investors (RIIs) also displayed a keen interest with a subscription rate of 34.55 times. Even the Holding Company Shareholders category experienced a substantial subscription rate of 12.41 times, further underlining the broad-based enthusiasm for Aeroflex shares.
Ensuring Your Share Allotment
If you’re one of the eager applicants awaiting share allotment, here’s how you can check your Aeroflex IPO allotment status:
- Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under ‘Issue Type’
- Choose ‘Aeroflex Industries Limited’ from the drop-down menu under ‘Issue Name’
- Enter your application number or Permanent Account Number (PAN)
- Complete the verification process and click ‘Search’
Your share application status will be promptly displayed, providing clarity on your allotment status. This transparency ensures that investors are kept well-informed about their investment in Aeroflex IPO.
Unveiling Details About Aeroflex IPO
The journey of Aeroflex IPO commenced on August 22, 2023, with an offering size of Rs 351 crore at the upper price band. The IPO closed on August 24, 2023, following an active response from investors. The price band for the IPO was set at Rs 102 to Rs 108 per equity share, offering a diversified range for investors to participate. The book-building process was employed, with 1.54% of the total issue size reserved for eligible shareholders of the holding company.
The allocation was strategically distributed among different investor categories. Qualified Institutional Buyers were allocated 50% of the offer, Non-Institutional Investors received 15%, and Retail Individual Investors secured 35% of the offer. This meticulous allotment approach aimed to ensure a balanced distribution of shares, catering to the diverse investor base.
The finalization of share allotment occurred on August 29, 2023, and the refund initiation is scheduled for August 30, 2023. Investors can expect their shares to be credited to their demat accounts on the same day. The culmination of this process sets the stage for the highly anticipated listing of Aeroflex Industries on both BSE and NSE on August 31, 2023.
About Aeroflex Industries Ltd
Aeroflex Industries Ltd stands out as a manufacturer of environmentally friendly metallic flexible flow solution products. Its global footprint is evidenced by exports to more than 80 countries, including prominent markets in Europe and North America. The company’s revenue structure is diversified, with exports contributing over 80% of its revenue from operations.
The company’s product portfolio serves a wide spectrum of industries, ensuring the controlled flow of various substances such as air, liquids, and solids. Aeroflex Industries has demonstrated remarkable financial performance, achieving a revenue Compound Annual Growth Rate (CAGR) of over 37% in the last three years. The company’s operational efficiency is evident in its asset turnover ratio of over 4.85 times, accompanied by impressive EBITA margins of more than 20% and a return on capital employed (ROCE) of about 32%.
The upcoming listing of Aeroflex Industries is anticipated to mark a significant milestone for the company and its investors. The impressive subscription numbers, coupled with the high Grey Market Premium, underscore the positive sentiment surrounding the IPO and foreshadow a potentially substantial listing gain.
Investors and market enthusiasts alike are looking forward to witnessing how Aeroflex Industries performs in the stock market arena. As the listing day approaches, all eyes are on the company’s stock performance and its journey as a publicly traded entity.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investing in the stock market involves risks, and individuals should conduct thorough research or consult with financial advisors before making investment decisions.