Aeroflex Industries IPO: Ashish Kacholia-backed issue subscribed 21.10 times on day 2; check details

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IPO subscription status : Ashish Kacholia backed Aeroflex Industries Limited IPO was subscribed 21.10 times on day 2. Aeroflex Industries IPO opened for subscription on Tuesday, August 22 and will close on Thursday, August 24. Aeroflex Industries IPO again received overwhelming response from non-institutional investors (NIIS) and retail investors on day 2.

Qualified institutional buyers also responded positively to the issue on the second day. All three categories were oversubscribed on day 2. Aeroflex IPO's retail investors portion was subscribed 17.78 times, NII portion was subscribed 46.42 times, and QIBs portion was subscribed 8.05 times.

Portion reserved for shareholders was subscribed 11.46 times. Aeroflex IPO was subscribed 6.72 times on day 1. Aeroflex Industries Limited IPO has received bids for 48,98,46,370 shares against 2,32,17,667 shares on offer, according to data from the BSE.

Aeroflex Industries IPO's retail investors' portion received bids for 20,46,65,370 shares against 1,15,08,824 shares on offer for this segment. Aeroflex Industries Limited IPO's non-institutional investors' portion received bids for 22,89,55,740 shares against 49,32,353 on offer for this segment. Aeroflex Industries IPO's QIBs portion received bids for 5,04,94,730 shares against 62,76,490 on offer for this segment.

Also Read: Aeroflex Industries IPO Day 1: Ashish Kacholia-backed issue subscribed 6.72 times; retail portion booked 6.71x Aeroflex Industries IPO price band has been fixed at ₹102 to ₹108 per equity share for the proposed initial public offer. Bids can be made for a minimum of 130 equity shares and in multiples of 130 equity shares thereafter. Aeroflex Industries IPO comprises of fresh issue of equity shares up to the