New Delhi: Aeroflex Industries IPO has subscribed fully within 1 hour of the opening on the first day. Ashish Kacholia-backed public issue will remain open for subscription until August 24, 2023. It has been susbcribed over 2 times by afternoon on Tuesday.
The company kept the price band between Rs 102 to Rs 108 per equity share with 100% book building.
Aeroflex industries is expecting to raise a fresh issue worth Rs 1,620 million.
The minimum bid lot for the IPO is 130 equity shares and in multiple thereof whereas the maximum retail investor limit is Rs 2,00,000. Experts say Aeroflex Industries ltd shares are available at a premium of Rs 65 in grey market.
The allotment date for the IPO is August 29, 2023.
The book build issue is proposed for listing on BSE and NSE and tentative Aeroflex Industries IPO listing date is 1st September 2023.
Aeroflex Industries produces eco-friendly metallic flexible flow solutions. It has over 1,700 products in the catalogue, serving worldwide markets and focusing on varied customer requirements.