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Aeroflex Industries’ IPO has been well received by investors. The company’s IPO has opened on August 22 i.e. today. And in no time, it was fully subscribed within hours. As per data available till 1.40 pm, Aeroflex Industries’ IPO was oversubscribed almost 4 times. The company is also cracking down on the gray market. Let’s know the details-
What is a price band? (Aeroflex Industries IPO Price Band)
The company has set an IPO price band of Rs. 102 to Rs. 108 in the range of Rs. 2 is. The lot size of Aeroflex Industries IPO has been kept at 130 shares. Due to which the investor has to invest at least 14,040 rupees. Let us tell you that this IPO will be open for investors till 24 August 2023.
Shares of the drone maker soared to seven highs, once trading at Rs 30
Subscription Details (Aeroflex Industries IPO Subscription Details)
As per data available at 1.49 p.m., the company’s IPO was oversubscribed 3.88 times. In which 4.17 times was received in retail segment, 1.05 times in qualified institutional buyers category and 7.11 times in non-institutional investors category.
What is GMP? (Aeroflex Industries IPO GMP Today)
According to a top stockbroker report, the company’s shares in the gray market were trading at Rs. were trading at a premium of 68. Due to which the listing can be around Rs.176. Let us tell you that, yesterday i.e. on 21 August, the GMP of Aeroflex was Rs.58.