Aeroflex Industries IPO: GMP, price, review, other details you should know
₹351 crore. The Aeroflex Industries IPO, which closes on August 24, consists of a fresh issue of shares as well as an offer for sale (OFS) portion. Aeroflex Industries IPO GMP today, or grey market premium today, indicates a decent listing of Aeroflex Industries shares.
As per topsharebrokers.com, Aeroflex Industries IPO GMP today is ₹58 per share ahead of IPO opening. According to market observations, Aeroflex Industries shares are trading at a premium of ₹58 to the issue price in the grey market. The GMP today is lower than the GMP of ₹61 on August 20.
Considering the GMP today and the upper end of the price band, Aeroflex Industries shares are estimated to list at ₹166 apiece ( ₹108 + ₹58) on the exchanges, which is a premium of more than 53%. Also Read: Ashish Kacholia backed Aeroflex Industries IPO opens this week, check key dates to price band Aeroflex Industries IPO opens of August 22 and will close on August 24, The basis of allotment of shares will be finalised on Tuesday, August 29, and the company will initiate refunds on Wednesday, August 30, while the shares will be credited to the demat account of allottees on Thursday, August 31. Aeroflex Industries IPO shares are likely to be listed on BSE and NSE on Friday, September 1.
Also Read: Pyramid Technoplast IPO: GMP, subscription status, review, apply or not? Aeroflex Industries IPO comprises fresh issue of equity shares up to the value of ₹162 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by the promoters selling shareholders and promoter group. Aeroflex Industries IPO price band has been fixed at ₹102 to ₹108 per equity share for the proposed initial public offer. At the upper end of the price band, Aeroflex Industries IPO size is ₹351
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