Aeroflex IPO: GMP, subscription status, review. Apply or not as bidding for Ashish Kacholia-backed issue ends today
₹351 crore worth Aeroflex Industries IPO comprises a fresh issue of equity shares up to ₹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. Bids can be made for a minimum of 130 equity shares and in multiples of 130 equity shares thereafter.
Here is Aeroflex Industries IPO subscription status, GMP today and other key details: Aeroflex Industries IPO was subscribed 21.08 times till August 23, the second day of the bidding process, as the public issue received bids for 48.98 crore equity shares against an offer size of 2.32 crore shares. Aeroflex IPO was subscribed 17.86 times in the retail category and 8.05 times in the Qualified Institutional Buyers’ (QIB) category. The Non-Institutional Investors’ (NII) portion was booked 46.50 times so far.
Read here: Aeroflex Industries IPO: Ashish Kacholia-backed issue subscribed 21.10 times on day 2; check details Aeroflex Industries IPO GMP today, or grey market premium today, is ₹72 per share, as per topsharebrokers.com. According to market observers, Aeroflex Industries shares are trading at a premium of ₹72 in the grey market. The GMP today is the same as that on August 24, but higher by ₹4 than on August 22.
Considering the GMP today and the upper end of the IPO price band, Aeroflex Industries IPO listing is estimated to happen around ₹180 per share, which is 66.67% premium to the issue price. Also Read: Vishnu Prakash IPO opens today: GMP, price, issue details, other key things to know Aeroflex Industries Ltd is a part of SAT Group. The company manufactures and supplies environment-friendly metallic flexible flow
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