Aeroflex Industries Limited, formerly Suyog Intermediates Private Limited, was founded in 1993 and manufactures and distributes environmentally friendly metallic flexible flow solution solutions.
Braided and 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 are among the company’s products. The company had around 1,700 Product SKUs (Stock Keeping Units) in its product portfolio as of March 31, 2023.
Aeroflex Industries’ production facility is in Taloja, Navi Mumbai, Maharashtra, and covers an area of 3,59,528 square feet. The facility is accredited in accordance with Annex III, Module H of Directive 97/23/EC on Pressure Equipment, ISO 9001:2015 Management System, ISO 14001:2015 Environmental Management System, ISO 45001:2015 (Occupational Health & Safety). NABL ISO / IEC 17025:2017, Statement of 153 Conformity for design, manufacturing, and testing of SS corrugated flexible Hose Assembly, Statement of Conformity for Quality Procedures applied standard EN ISO 10380:2012 and BS 6501-1 (E:2004), Certificate of Design Assessment required for quality management systems, environmental management systems, and health and safety management systems.
Clients include distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and businesses from a variety of industries.
Aeroflex’s total income in Fiscal 2023 was Rs. 2694.78 Lakhs, compared to Rs. 2409.92 Million in Fiscal 2022.
Aeroflex Industries IPO Details
| IPO Date | Aug 22, 2023 to Aug 24, 2023 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price | Rs 102 to Rs 108 per share |
| Lot Size | 130 Shares |
| Total Issue Size | 32,500,000 shares (aggregating up to Rs 351.00 Cr) |
| Fresh Issue | 15,000,000 shares (aggregating up to Rs 162.00 Cr) |
| Offer for Sale | 17,500,000 shares of Rs 2 (aggregating up to ₹189.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 114,320,370 |
Aeroflex Industries IPO Timetable
| IPO Open Date | Tuesday, 22 August 2023 |
| IPO Close Date | Thursday, 24 August 2023 |
| Basis of Allotment | Tuesday, 29 August 2023 |
| Initiation of Refunds | Wednesday, 30 August 2023 |
| Credit of Shares to Demat | Thursday, 31 August 2023 |
| Listing Date | Friday, 1 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 24, 2023 |
Aeroflex Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 130 | Rs 14,040 |
| Retail (Max) | 14 | 1820 | Rs 196,560 |
| S-HNI (Min) | 15 | 1,950 | Rs 210,600 |
| S-HNI (Max) | 71 | 9,230 | Rs 996,840 |
| B-HNI (Min) | 72 | 9,360 | Rs 1,010,880 |
