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Aeroflex Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 13,260 / 130 shares

    Minimum Investment

IPO Details

  • Open Date

    22 Aug 2023

  • Close Date

    24 Aug 2023

  • IPO Price Range

    ₹ 102 to ₹ 108

  • IPO Size

    ₹ 351 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    31 Aug 2023

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IPO Timeline

Aeroflex Industries IPO Subscription Status

Last Updated: 31 August 2023 3:14 PM by 5Paisa

Aeroflex Industries Limited IPO is all set to open from 22nd August to 24th August 2023. The company manufactures and supplies environment-friendly metallic flexible flow solution products. The IPO includes a fresh issue of 15,000,000 equity shares worth ₹162 cr and an Offer-for-Sale (OFS) of 1,75,00,000 equity shares. The issue size is ₹351 cr. The share allotment date is 29th August, and the IPO will be listed on 1st September on the stock exchanges. The price band is ₹102 to ₹108 per share and the lot size is 130 shares.    

Pantomath Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Aeroflex IPO:

Aeroflex Industries plans to utilize the raised capital from IPO to:

●    Complete or partial settlement, as well as advance payment of specific existing secured loans (including any foreclosure fees, if applicable) obtained by the company
●    Fund working capital requirements 
●    Fund general corporate purposes and inorganic acquisitions

Aeroflex IPO Video:

 

Established in 1993, Aeroflex Industries Limited designs and produces environmentally friendly metallic flexible solutions for fluid transportation for both international and domestic markets. Their products are distributed to over 80 countries, including Europe and the USA. They serve a wide array of industries, ensuring the regulated movement of various substances such as air, liquids, and solids. As of January 31, 2023, their product portfolio contains more than 1,700 unique Stock Keeping Units (SKUs). 

Aeroflex Industries offers an extensive range of products, including braided and unbraided hoses, solar hoses, gas and vacuum hoses, as well as items like braiding, interlock hoses, and different types of hose assemblies. They also provide specialized components like lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators, and associated fittings.

The company's manufacturing facility, situated in Taloja, Navi Mumbai, Maharashtra, covers an expansive area of 359,528 square feet. This facility is equipped with an in-house Design and Research & Development laboratory, a product testing unit, dedicated spaces for storing finished products, and separate areas for raw materials, spare parts, and consumables.

Peer Comparison
●    Parker Hannifin Corporation
●    Senior PLC
 

For More Information:
Webstory on Aeroflex Industries IPO
Aeroflex Industries IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 269.46 240.80 144.77
EBITDA 54.03 46.69 22.33
PAT 30.15 27.50 6.01
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 213.97 183.43 161.64
Share Capital 22.86 22.86 22.86
Total Borrowings 99.88 97.21 102.92
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 3.78 32.06 12.08
Net cash from / (used in) investing activities -9.45 -13.38 -2.90
Net cash flow from / (used in) financing activities 3.59 -13.94 -10.38
Net increase (decrease) in cash and cash equivalents -2.07 4.73 -1.20

Strengths

1.    The company is a provider of flexible flow solutions operating within a target market, serving a wide range of industry sectors.
2.    The company exports its products to more than 80 countries.
3.    High entry and exit barriers
4.    Well-positioned in the industry with a diverse customer base. 
5.    Primary Manufacturer of flexible flow solutions with no listed peers.
6.    It has an advanced manufacturing facility and R&D infrastructure
 

Risks

1.    Can be impacted by higher important duties and foreign regulations. 
2.    Higher working capital requirements. 
3.    No long-term contracts with customers or suppliers and a high reliance on China for raw materials.
4.    Negative cash flow in the past which can repeat. 
5.    The company has been listed as a wilful defaulter in the past.

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FAQs

The minimum lot size is 130 shares and the investment required for Aeroflex Industries IPO is ₹13,260.

The price band of Aeroflex Industries IPO is ₹102 to ₹108.

Aeroflex Industries IPO is open from 22nd August to 24th August 2023.
 

The Aeroflex Industries IPO total size is ₹351 cr. 

The share allotment date of Aeroflex Industries IPO is the 29th of August.

The Aeroflex Industries IPO will be listed on the 1st of September.

Pantomath Capital Advisors Private Limited is the book-running lead manager for Aeroflex Industries IPO.

Aeroflex Industries plans to utilize the raised capital from IPO to:

1.    Complete or partial settlement, as well as advance payment of specific existing secured loans (including any foreclosure fees, if applicable) obtained by the company
2.    Fund working capital requirements 
3.    Fund general corporate purposes and inorganic acquisitions
 

To apply for Aeroflex Industries IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Aeroflex Industries IPO.   ●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.