Aeroflex Industries, backed by Ashish Kacholia, marked an impressive entry into the stock market on Thursday.
The company’s shares were listed on the Bombay Stock Exchange (BSE) at ₹197.40 each, reflecting a remarkable 83% premium over the initial price of ₹108 per share.
Similarly, on the National Stock Exchange (NSE), Aeroflex Industries shares debuted at ₹190.00 per share, a substantial 76% increase from the issue price.
The Journey to Listing
Aeroflex Industries’ initial public offering (IPO) phase began on August 22 and continued until August 24. During this period, the response from investors was overwhelming.
The IPO of this manufacturer specializing in metallic flexible flow solution products witnessed exceptional demand, reaching an oversubscription of 97.11 times.
Among the categories, Qualified Institutional Buyers (QIBs) showed a remarkable interest with a subscription rate of 194.73 times, while Non-Institutional Investors (NIIs) subscribed at 126.13 times the offered shares.
Retail investors also showed substantial enthusiasm, with the retail quota being oversubscribed by 34.41 times.
Key IPO Details
Aeroflex IPO’s price band ranged from ₹102 to ₹108 per equity share.
The company successfully raised ₹103.68 crore from anchor investors a day ahead of the IPO launch.
The anchor book featured a diverse group of investors including mutual funds, prominent insurance and NBFC treasuries, alternative investment funds (AIFs), and foreign portfolio institutions.
This successful debut demonstrates the market’s confidence in Aeroflex Industries and its promising future prospects.
