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News Details

14/08/2023 14:00

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Aeroflex Industries announces launch of initial public offering

Aeroflex Industries Ltd. has announced public offering of 32500000 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 106.00 per share. The gross proceeds of the issue are expected to be Rs 35,100.00 lakhs.

The company's initial public offer (IPO) will open on 22 August 2023 and is expected to close on 24 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 102.00-108.00 per share.

The IPO includes a fresh Issue of 32500000 Equity Shares of the Company at an price of Rs 108.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 130 shares with bids in multiples of 130.

Aeroflex Industries Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt.Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.