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People have bet heavily on Aeroflex Industries IPO. The company’s IPO has been subscribed more than 97 times. Shares of Aeroflex Industries are also getting a tremendous response in the gray market. The company’s shares are trading at a premium of over 65% in the gray market. Aeroflex Industries IPO Price Band Rs. 102-108 are.
The share’s gray market premium reached Rs.72
According to market watchers, the gray market is bullish on the IPO of Aeroflex Industries. Shares of the company in the gray market at Rs. 72 are being traded at a premium. If the shares of the company are Rs. 108 to be allotted at the upper price band and Rs. 72 premium remains intact, Aeroflex Industries Rs. 180 can be listed. That is, investors can make more than 65% profit on the day of listing.
The company’s IPO has been subscribed 97.11 times.
Aeroflex Industries IPO has been subscribed a total of 97.11 times. The retail quota of the company’s IPO was subscribed 34.41 times. Whereas, Non-Institutional Investors (NII) quota has been subscribed 126.13 times. Whereas, the quota of qualified institutional buyers was subscribed 194.73 times. The allotment of the company’s shares in the IPO may be finalized on August 29. At the same time, shares of Aeroflex Industries may be listed on the exchange on August 31.
Also Read- Shares rise over 1300%, now company is giving away 2 bonus shares
Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.