Aeroflex Industries Ltd IPO: Check IPO Date, Price, Details | Espresso


Aeroflex Industries Limited IPO opens on August 22. Check IPO Details Issue Date Price

August 18, 2023
Aeroflex Industries Limited IPO opens on August 22. Check IPO Details Issue Date Price

Aeroflex Industries Limited is coming out with a fresh public issue to raise Rs. 351 crores from the market.

Below are the details of the Aeroflex Industries Limited IPO:

  • Issue opens – August 22 (Tuesday)
  • Issue closes – August 24 (Thursday)
  • Issue size – Rs. 351 crores
  • Price band – Rs. 102 to 108 per equity share
  • Bid lot – 130 shares and in multiples thereof.

Heard about Pre-Apply IPO?

With Espresso’s Pre-Apply IPO feature, you can apply for IPOs before the start date or even after the market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website

And here are some details of the company and further details on the Aeroflex Industries Limited IPO.

  • Aeroflex Industries Limited (“Aeroflex”) was incorporated on October 19, 1993. Acquired by Sat Industries Ltd in April, 2018, Aeroflex is manufacturers and suppliers of environment friendly metallic flexible flow solution products including 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 collectively known as flexible flow solutions catering to global as well as domestic markets.  
  • Aeroflex is into metallic flexible flow solutions made of Stainless Steel (“SS”). They have recently developed products made of bronze as well. Their products replace flow solutions made of rubber and polymers. 
  • Metallic flexible flow solutions made with stainless steel produce significantly lower carbon emissions than those made with synthetic rubber making their products environment friendly and business model green & sustainable. 
  • As on March 31, 2023, they had more than 1,700 Product SKUs (Stock Keeping Units). 
  • Aeroflex is an export-oriented company and they export their products to more than 80 countries including Europe, USA and others. 
  • Aeroflex operates from owned and single manufacturing facility for the manufacture of all their products located at Taloja, Navi Mumbai in the state of Maharashtra spread across 3,59,528 sq.ft. of area. As of March 31, 2023, they have an aggregate installed capacity of 11 million metre per annum.  
  • The manufacturing facility also has an in-house Design and R&D laboratory and as of March 31, 2023, the Design and R&D team had pipeline of 57 products under various phases. 
  • For Fiscals 2023, 2022 and 2021 company’s exports constituted 80.60%, 84.53%, and 80.90% of the revenue from operations respectively. 
  • To serve their export markets better and on real time basis, Aeroflex has incorporated a wholly owned subsidiary in the United Kingdom (UK) in the name of “Aeroflex Industries Limited” in 2019.

Company details:

Issue Size: Rs. 351 crores

Holding Company Shareholers Reservation (SAT Industries Ltd)5,00,000 Equity shares aggregating to Rs. 5.4 Crores.

Issue break-up:

  • QIB – 50% of the net offer –  Rs. 172.80 crores
  • NIB – 15% of the net offer – Rs. 51.84 crores
  • RET – 35% of the net offer – Rs. 120.96 crores

Listing: BSE and NSE

Registrar: Link Intime India Pvt Ltd

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Thursday, August 24, 2023     

Not an Espresso customer, but still want to apply for the Aeroflex Industries Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.