Aeroflex Industries IPO review , size, price , gmp , Allotment

 

Aeroflex Industries IPO Review, gmp,size,prize and more details:- Aeroflex Industries Limited, is coming up with its Initial Public Offering. The IPO will open for subscription on August 22, 2023, and close on August 24, 2023. In this article, we will look at the Aeroflex Industries Limited IPO Review 2023 and analyze its strengths and weaknesses. Keep reading to find out!

Aeroflex Industries IPO – About The Company

 

Aeroflex Industries is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets.

Its product catalogue includes braided hoses, un-braided hoses, solar hoses, gas hoses, vacuum hoses, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation tubes, expansion bellows, and related end fittings.

The company has more than 1,700 Product SKUs (Stock Keeping Units) in its product catalogue. Its manufacturing plant is located at Taloja, Navi Mumbai. Its client list includes distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and companies in a host of other industry groups.

They export their products to more than 80 countries including Europe, USA and others. The exports contributed to 80.85%, 84.53%, 80.90% and 74.74% of their revenue from operations, for the ten months period ended January 31, 2023 and Fiscals 2022, 2021 and 2020, respectively.

 COMPANY WEBSITE – https://www.aeroflexindia.com/

Aeroflex Industries IPO – Financials

 

 (Amt in Crores)
Particulars FY20 FY21 FY22 FY23
Assets 157.2 161.6 183.4 214.0
Revenue 144.9 144.8 241.0 269.5
Profit After Tax 4.7 6.0 27.5 30.2
Profit % 3.24% 4.15% 11.42% 11.19%
Net Worth 52.7 58.7 86.2 114.1
Total Borrowing 63.5 53.1 39.1 45.0

 

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company,
  2. Funding working capital requirements of the company, and
  3. General corporate purposes and Unidentified Inorganic Acquisitions.

 

Strengths

  • Aeroflex is an ISO 9001:2015 (Quality Management System), ISO 45001:2018 (Occupational Health & Safety Management System) and ISO 14001:2015 (Environment Management System) company
  • We are one of the leading manufacturer of metallic flexible flow solutions made with stainless steel in the organized sector of India.
  • We are an established and reputed brand for flexible hoses in almost all industrial developed countries of the world.
  • We currently export to more than 80 countries.
  • We have a strong customer profile compromising of multinational and reputed domestic brands in India in all industrial segments.
  • Due to its capability to handle high temperatures, shocks and vibrations, stainless steel hoses are fast taking over the use of rubber and other types of hoses across all industrial segments.
  • As per European law, stainless steel hoses are considered to be food-grade hoses, and as such, it can be used in pharmaceutical and other food-related industries.

Weaknesses

  • They export its products to various countries and the export operations of its company contribute more than 80% of revenue from operations (out of which export to USA constitutes 28%). They may be subject to significant import duties or restrictions of the relevant jurisdictions. Its inability to comply with related requirements may have an adverse effect on its business and results of operations.

 

  • They are in the usual course of business do not enter into long-term contracts with suppliers for its raw materials. They are dependent on China for a significant portion of raw material suppliers, loss of any major suppliers increase in the cost of raw material that can effect its business and results of operations.

 

  • Its business is dependent and will continue to depend on its single manufacturing facility, and they are subject to certain risks in that behalf. Any slowdown or shutdown in its manufacturing operations could have an adverse effect on the business, financial condition and results of operations.

 

Aeroflex Industries IPO Review – Key IPO Information

IPO Opening Date 22-Aug-23
IPO Closing Date 24-Aug-23
IPO Listing Date 01-Sep-23
Issue Type Book Built Issue IPO
Face Value Rs 2 per equity share
IPO Price band Rs 102 to Rs 108 per equity share
Lot Size 130 Shares
Min Order Quantity 130 Shares
Listing at BSE and NSE
Total Issue Size Rs. 351 Crores
    Fresh issue     Rs. 162 Crores
    OFS     Rs. 189 Crores

 

Aeroflex Industries IPO Allotment & Listing Dates
PO Opens on 22-Aug-23
IPO Closes on 24-Aug-23
Basis of Allotment 29-Aug-23
Initiation of Refunds 30-Aug-23
Credit of Shares to Demat 31-Aug-23
Listing Date 01-Sep-23

 

 

Aeroflex Industries Limited IPO – GMP

check live gmp on IPO Grey Market Premium (GMP)

In Closing

In this article, we looked at the details of Aeroflex Industries Limited IPO Review 2023. Analysts remain divided on the IPO and its potential gains. This is a good opportunity for investors to look into the company and analyze its strengths and weaknesses. That’s it for this post.

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