Aeroflex Industries IPO allotment likely today. Here's how you can check status
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through BSE or by visiting the registrar's website.
Here's how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
The company's shares are expected to list on the exchanges on August 31. According to market sources, Aeroflex Industries is commanding a premium of Rs 70 in the unlisted market.
At the upper price band of Rs 108, the stock is expected to fetch a bumper premium of 65% on the listing.
The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories.
The issue was subscribed 97 times overall at close.
The qualified institutional buyer category was the most subscribed at 194.7 times, followed by the non-institutional investors portion with 126.10 times. Reservation shareholders portion was subscribed 28.51 times, whereas the retail part was subscribed 34.35 times.
Aeroflex Industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses.
The company has grown at more than 37% revenue CAGR in the last 3 years, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating approximately 32% ROCE.
The proceeds from the issue will be utilised to the extent of Rs 35 crore for the prepayment of outstanding secured borrowings availed by the company, Rs 84 crore for funding its working capital requirements,
