Start your Trading & Investing Journey with us

Join our channel for Daily Free Trades with Live analysis on Youtube, Trade Setup with Important Levels, and Important Stock Market Updates

Daily Free Trades Live Market Analysis

AEROFLEX INDUSTRIES IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

IPO Details IPO GMP IPO Subscription Reviews About Company IPO Timeline KPI Financial Information Peer Comparison Allotment
AEROFLEX INDUSTRIES Limited Day Wise IPO GMP Trend
GMP Date Issue Price Expected Listing Price GMP Last Updated

AEROFLEX INDUSTRIES Limited IPO GMP

Aeroflex Industries IPO bidding started from August 22, 2023 and ended on August 24, 2023. The allotment for Aeroflex Industries IPO was finalized on Tuesday, August 29, 2023. The shares got listed on BSE, NSE on August 31, 2023.

Aeroflex Industries IPO is a book built issue of Rs 351.00 crores. The issue is a combination of fresh issue of 1.5 crore shares aggregating to Rs 162.00 crores and offer for sale of 1.75 crore shares aggregating to Rs 189.00 crores.

Aeroflex Industries IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 130 Shares. The minimum amount of investment required by retail investors is ₹14,040. The minimum lot size investment for sNII is 15 lots (1,950 shares), amounting to ₹210,600, and for bNII, it is 72 lots (9,360 shares), amounting to ₹1,010,880

OBJECTIVE OF IPO

The proceeds will be used for:

  • Offer for Sale
  • Fresh Issue
    • Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any).
    • Funding working capital requirements.
    • General corporate purposes
    • Unidentified Inorganic Acquisitions.

© 2022 CA Abhay Varn. All Rights Reserved Abhayvarn.com