Read on the application
Aeroflex Industries IPO Subscription Status: Ashish Kacholia-backed Aeroflex Industries Ltd’s IPO was subscribed 21.10 times the next day. The Aeroflex Industries IPO opened for investment on Tuesday, August 22. Investors can place bets on the issue till Thursday, August 24. Its price band has been fixed at Rs 102-108.
Huge response to IPO
The Aeroflex Industries IPO again received an unprecedented response from non-institutional investors (NIIs) and retail investors on the second day. Qualified institutional buyers have also responded positively to the issue the other day. All three categories were oversubscribed on the second day.
Foreign investors bet on Ambani’s company, bought major stake for ₹8278 crore
How many subscribe from which segment
The retail investor portion of the Aeroflex IPO was subscribed 17.78 times, the NII portion 46.42 times and the QIB portion 8.05 times. The reserved portion for shareholders was subscribed 11.46 times. The Aeroflex IPO was subscribed 6.72 times on the first day.
Also Read- The stock could go to ₹145, experts say – buy, now priced at ₹92, chance to bet
Aeroflex Industries Limited IPO GMP What is going on
According to Topsharebrokers.com, Aeroflex IPO GMP today traded in the gray market at Rs. is trading at a premium of 72, which is higher than the previous sessions. It indicates that this IPO will have a great listing. Considering the upper end of the Aeroflex Industries IPO price band and the existing premium in the gray market, the expected listing price of Aeroflex Industries IPO shares is ₹180 per share, a 66.67% premium to the IPO price.