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Aeroflex Industries Limited IPO

Published : August 19, 2023

Aeroflex Industries IPO

Aeroflex Industries IPO

About Company

Aeroflex Industries Limited, established in 1993 and formerly known as Suyog Intermediates Private Limited, is a manufacturer and supplier of eco-friendly metallic flexible flow solution products.

Aeroflex Industries Products

The corporation offers a broad selection of products, including but not limited to braided hoses, 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. As of March 31, 2023, the company prides itself on having a product catalog that comprises over 1,700 Product SKUs (Stock Keeping Units).

Aeroflex Industries Limited
Aeroflex Industries Limited

Situated in Taloja, Navi Mumbai, Maharashtra, the manufacturing plant of Aeroflex Industries covers an area of 3,59,528 square feet. The facility holds certifications such as Annex III, Module H of Directive 97/23/EC on Pressure Equipment, Management System as per ISO 9001:2015, Environmental Management System-ISO 14001:2015, ISO 45001:2015 (Occupational Health & Safety), Testing Certificate-Gas Hoses-1/2″ NB Hose Assembly, 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.

Aeroflex serves a customer spectrum that includes distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and enterprises spanning diverse industries.

In Fiscal 2023 and Fiscal 2022 respectively, Aeroflex reported total revenues of Rs. 2694.78 Lakhs and Rs. 2409.92 Million.

Who is the director of Aeroflex Industries Limited?

Mustafa Abid Kachwala’s tenure on the board spans over 13 years. The board welcomed its freshest addition, Arpit Khandelwal, who assumed the role on November 28, 2022.

What is the objective of Aeroflex Industries IPO?

Aeroflex Industries IPO Objectives

  1. Total or partial resolution and/or advance settlement of particular secured borrowings already in place.
  2. Funding working capital requirements of the company.
  3. General corporate purposes.
  4. Unidentified Inorganic Acquisitions.

Aeroflex Industries IPO Details

What are the open and close dates of the for Aeroflex Industries IPO?

IPO Opening DateAugust 22, 2023
IPO Closing DateAugust 24, 2023
Open and Close Dates of the Aeroflex Industries IPO

Aeroflex Industries IPO Other Details

Issue TypeBook Built Issue IPO
Face Value₹2 per share
IPO Price₹102 to ₹108 per share
Market Lot130 Shares
Listing AtBSE, NSE
Total Issue Size(aggregating up to ₹351.00 Cr)
Aeroflex Industries IPO Details

Aeroflex Industries Promoter Holding

The company is promoted by Sat Industries Limited and Italica Global FZC.

Pre Issue Share Holding91.09%
Post Issue Share Holding66.99%
Aeroflex Industries Promoter Holding

Aeroflex Industries’ Company Financial Information (Reiterated)

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax4.696.0127.5130.15
Net Worth52.7058.7286.22114.09
Reserves and Surplus
Total Borrowing63.4653.0739.1345.01
Aeroflex Industries’ Company Financial Information

Who is the registrar of Aeroflex Industries IPO?

Link Intime India Private Ltd, Phone: +91-22-4918 6270
Email: aeroflexindustries.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

Aeroflex Industries IPO Lead Managers

Pantomath Capital

Contact Information

Aeroflex Industries Limited
Plot No. 41, 42/13, 42/14 & 42/18,
near Taloja MIDC, Village Chal, Behind IGPL,
Panvel, Navi Mumbai – 410 208
Phone: +91 22 61467100
Email: corporate@aeroflexindia.com
Website: https://www.aeroflexindia.com/

Aeroflex Industries IPO Prospectus

Aeroflex Industries IPO DRHP
Aeroflex Industries IPO RHP

How to Apply ? 

Vishnu Prakash R Punglia Limited IPO (VPRP IPO)

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