Read on the application
Aeroflex Industries IPO: Ashish Kacholia-backed Aeroflex Industries Ltd’s IPO was subscribed 97.05 times on its third and final day. The Aeroflex Industries IPO will open for subscription on Tuesday, August 22 and close on Thursday, August 24. The shares are available in the gray market today at a premium of ₹67.
The IPO received a tremendous response
Aeroflex Industries IPO again received unprecedented response from non-institutional investors (NIIS) and retail investors on the third day. Eligible institutional buyers also responded positively to the issue on the second day. All the three categories were oversubscribed today. Retail investors’ share of Aeroflex IPO was subscribed 34.31 times, NII portion 126.09 times and QIB portion 194.73 times.
Company gets another multi-crore order, broke investors buy shares, profits rise 63%
Aeroflex Industries IPO Details
The price band of Aeroflex Industries IPO has been fixed at ₹102 to ₹108 per equity share. The Aeroflex Industries IPO comprises a fresh issue of equity shares worth up to ₹162 crore and an offer for sale (OFS) of up to 1.75 crore equity shares to selling shareholders by the promoters.