Aeroflex IPO receives response worth ₹24,500 crore. Check GMP, how to check allotment
₹24,500 crore. Together, the Pre-IPO and IPO of Aeroflex raised ₹426 crores for the company and its corporate promoter, Sat Industries Ltd.
Pre-IPO investments totalled ₹76 crores, and the IPO raised ₹351 crores. Aeroflex Industries IPO had a resoundingly positive response across the board, to the point where the level of subscription exceeded several other benchmarks.
A stunning 190.47 times were subscribed to in the category of Qualified Institutional Buyers (QIBs), compared to 129.06 times for Non-Institutional Investors, 34.55 times for Retail Individual Investors (RIIs), and 12.41 times for Holding Company Shareholders. Notably, according to BSE/NSE disclosures, the Aeroflex IPO attracted more than 27 lakh applications, which is the largest number of applications received for IPOs in 2023.
The Aeroflex Industries IPO's diversified anchor book included 10 anchors, including as mutual funds, large insurance and NBFC treasuries, alternative investment funds (AIFs), and foreign portfolio institutions. The following institutions participated in the anchor: the Institutional Treasuries included Winro Commercial India and Universal Sampo General Insurance; the Mutual Funds included Nippon Mutual Fund, Invesco Mutual Fund, White Oak Mutual Fund, and BOI Mutual Fund; the AIFs included Quantun State Investment Fund and Negen Undiscovered Value Fund; and the Foreign Institution: Societe Generale.
Prior to the IPO, notable investors like Ashish Kacholia, Jagdish Master, and Vikas Khemani, who led the Carlenien Fund, Rosy Blue India, the VPK Global Ventures Fund, Shyam Agarwal, and others, acquired about 7% of Aeroflex. Aeroflex Industries Limited IPO opened for subscription on Tuesday, August 22 and closed on Thursday, August
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