IPO Details

Bidding Dates

22 Aug '23 - 24 Aug '23

Minimum Investment

₹14,040 / 1 Lots (130 Shares)

Price Range

₹102 - ₹108

Maximum Investment

₹196,560 / 14 Lots (1820 Shares)

Retail Discount

Not Applicable

Issue Size

₹351.00 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Aeroflex Industries IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Aug 22, 2023

IPO Closing Date

Aug 24, 2023

Basis of Allotment

Aug 29, 2023

Initiation of Refunds

Aug 30, 2023

Credit of Shares to Demat Account

Aug 31, 2023

IPO Listing Date

Sep 1, 2023

UPI Mandatory Expiry Date

Aug 24, 2023

Aeroflex Industries IPO Subscription Details


Day 1Aug 22, 2023

1.17 14.17 6.81 6.77

Day 2Aug 23, 2023

8.05 46.50 17.86 21.08

Day 3Aug 24, 2023

194.73 126.10 34.35 97.07

Aeroflex Industries IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 194.73
Non-Institutional Buyers 126.10
Retail Investors 34.35
Other 28.50
Total 97.07

About Aeroflex Industries Limited

Aeroflex Industries Limited is a manufacturer and supplier of eco-friendly metallic flexible flow solution products that cater to domestic and international markets. With its products exported to over 80 countries, including prominent regions like the USA and Europe, Aeroflex has established a global presence in the industry. The company offers a comprehensive range of more than 1,700 Stock Keeping Units (SKUs) for its products, showcasing its commitment to meeting diverse customer needs. 

Aeroflex Industries Limited IPO Details

Aeroflex Industries is a fresh issue and offer for sale worth ₹351 crore. The issue comprises 32,500,000 shares and is priced at ₹102 to ₹108 per share. Retail investors can bid for the Aeroflex Industries Limited IPO, which will open on August 22, 2023. Aeroflex Industries Limited’s IPO will list on BSE and NSE exchanges on September 1, 2023.

Aeroflex Industries Limited IPO Objectives 

The objectives of Aeroflex Industries Limited's IPO are listed below:

  • For the full or part repayment and/or prepayment of outstanding secured borrowings carried out by the company.
  • To fund the working capital requirements of the company.
  • General corporate purposes and unidentified inorganic acquisitions.

Noteworthy Highlights of Aeroflex Industries Ltd

  • The company’s professional team has experience in production, R&D, quality control and sales and marketing. The knowledge and experience of their management and team of dedicated personnel provide Aeroflex Industries with a competitive advantage as they seek to grow their existing markets and enter new geographic markets.
  • Aeroflex's extensive product pipeline, with over 55 products under development, indicates its commitment to innovation and adaptability to evolving customer requirements.
  • During FY 2021, 2022, and 2023, the company’s exports constituted 80.90%, 84.53%, and 80.60% of the revenue from operations, respectively. 

Peer Details

There are no listed companies in India that are engaged in a business similar to that of the company accordingly, it is not possible to provide an industry comparison in relation to the company in India. However, globally, there are listed peers such as Parker Hannifin Corporation and Senior PLC that are engaged in a business similar to that of the company.

Aeroflex Industries Company Financials

Particulars March 31, 2023 (₹ in lakh) March 31, 2022 (₹ in lakh) March 31, 2021 (₹ in lakh)
Revenue from Operations 2,694.61 2,408.00 1,447.74
Profit After Tax (PAT) 223.08 275.06 60.11
PAT Margin 301.52 11.41% 4.15%
EBITDA 540.33 466.92 223.35
EBITDA Margin 20.05% 19.39% 15.43%
Debt-to-Equity Ratio 0.39 0.45 0.90
Return on capital employed 31.91% 36.29% 17.13%

Know before investing


  1. The company’s revenue from operation increased by ~86%.1 from ₹1,447.74 lakh on March 31, 2021, to ₹2,694.61 lakh on March 31, 2023.

  2. The company’s profit after tax grew by 5X from ₹60.11 lakh on March 31, 2021, to ₹301.52 lakh on March 31, 2023.


  1. The company is dependent and will continue to depend on our single manufacturing facility, and the company is subject to certain risks on that behalf. Any slowdown or shutdown in the manufacturing operations could have an unwanted effect on Aeroflex’s business.

  2. The company does not hold any long-term agreements with raw materials suppliers. They are dependent on China for a significant portion of raw materials. Any delay or loss of raw materials can impact the revenue of the company adversely.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Choose IPO section on Home Page

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Aeroflex Industries IPO FAQs

What is Aeroflex Industries Limited's IPO?

The Aeroflex Industries Ltd. IPO is a fresh issue containing 52,00,000 fresh equity shares. The price band is yet to be announced.

When will Aeroflex Industries Limited's IPO allotment be available?

The Basis of Allotment is yet to be announced.

What will be Aeroflex Industries Limited's IPO lot size?

The lot size for Aeroflex Industries Ltd. is yet to be announced.

When will Aeroflex Industries Limited's IPO open for subscription?

The IPO subscription window is yet to be announced.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Aeroflex Industries Limited list on exchanges?

Aeroflex Industries Ltd. IPO will list on the NSE exchange. The date is yet to be announced.

How do I check the allotment status of the Aeroflex Industries Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  •  Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Aeroflex Industries Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is yet to be announced, for Aeroflex Industries Ltd.

I have finished the application process for the Aeroflex Industries Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Aeroflex Industries Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Aeroflex Industries Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Aeroflex Industries Limited IPO?

The minimum order size for the Aeroflex Industries Limited IPO is yet to be announced.