Aeroflex Industries Limited Incorporated in 1993, the company previously known as Suyog Intermediates Private Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.
The company’s product list includes 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. As on March 31, 2023, the company recorded more than 1,700 Product SKUs (Stock Keeping Units) in its product portfolio.
Aeroflex Industries’ manufacturing facility is located at Taloja, Navi Mumbai, Maharashtra, and is spread across 3,59,528 square feet of area. The facility is certified with Annex III, Module H of Directive 97/23/EC on Pressure Equipment, Management System as per ISO 9001:2015, Environmental Management System-ISO 14001:2015, ISO 45001:2015 (Occupational Health & Safety), Testing Certificate-Gas Hoses-1/2″ NB Hose Assembly, NABL ISO /IEC 17025:2017, Statement of 153 Conformity for design, manufacturing, and testing of SS corrugated flexible Hose Assembly, Statement of Conformity for Quality Procedures applied standard EN ISO 10380:2012 and BS 6501-1 (E:2004), Certificate of Design Assessment required for quality management systems, environmental management systems, health and safety management systems.
The company’s clientele includes distributors, fabricators, Maintenance Repair and Operations Companies (MROs), Original Equipment Manufacturers (OEMs), and companies operating in a wide range of industries.
Aeroflex recorded Rs. 2694.78 Lakhs in total revenue in Fiscal 2023 and Rs. 2409.92 Million in Fiscal 2022.
(Source- https://www.chittorgarh.com/)
Aeroflex Industries Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 22 Aug 2023 |
| IPO Close Date | 24 Aug 2023 |
| Allotment Date | 29 Aug 2023 |
| IPO Listing Date | 31 Aug 2023 |
Aeroflex Industries Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 102 to Rs. 108 Per Equity Share |
| Market Lot | 130 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 351 Crore. |
Aeroflex Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 130 | Rs. 14040 |
| Maximum | 14 | 1820 | Rs. 196560 |
| Small HNI (Minimum) | 15 | 1950 | Rs. 210600 |
| Big HNI (Minimum) | 72 | 9360 | Rs. 1010880 |
Aeroflex Industries Limited IPO Details Allotment Status
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 213.98 | 183.44 | 161.64 |
| Total Revenue | 269.48 | 240.99 | 144.84 |
| Profit After Tax | 30.15 | 27.51 | 6.01 |
Company Promoters:
Sat Industries Limited and Italica Global FZC are the promoters of the company.
Purpose of the Issue
- Full or part repayment and/or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company,
- Funding working capital requirements of the company, and
- General corporate purposes and Unidentified Inorganic Acquisitions.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Aeroflex Industries Limited Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC, Village Chal, Behind IGPL, Panvel, Navi Mumbai – 410 208 Phone: +91 22 61467100 Email: corporate@aeroflexindia.com Website: https://www.aeroflexindia.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: aeroflexindustries.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
