Published : August 19, 2023
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.
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).
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.
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.
|IPO Opening Date||August 22, 2023|
|IPO Closing Date||August 24, 2023|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per share|
|IPO Price||₹102 to ₹108 per share|
|Market Lot||130 Shares|
|Listing At||BSE, NSE|
|Total Issue Size||(aggregating up to ₹351.00 Cr)|
The company is promoted by Sat Industries Limited and Italica Global FZC.
|Pre Issue Share Holding||91.09%|
|Post Issue Share Holding||66.99%|
|Period Ended||31 Mar 2020||31 Mar 2021||31 Mar 2022||31 Mar 2023|
|Profit After Tax||4.69||6.01||27.51||30.15|
|Reserves and Surplus|
Link Intime India Private Ltd, Phone: +91-22-4918 6270
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
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