Ashish Kacholia backed Aeroflex Industries IPO opens next week, check key dates to price band
₹269.4 crores, according to Red Herring Prospectus (RHP). EBITDA for the company was ₹54 crores, with a 20.05% EBITDA margin. The company's profit after tax for the fiscal year 2023 was ₹30.1 crores, with a PAT margin of 11.19%.
For Fiscal 2023, the Company's Return on Equity (RoE) and Return on Capital Employed (RoCE) were 26.43% and 31.91%, respectively. Aeroflex Industries IPO's floor price is 51 times the face value of the equity share and the cap price is 54 times the face value of the equity share. In consultation with the lead bankers to the offering, the company's promoters sold 8.69 million equity shares, or 7.6% of the company, and raised ₹76.14 crore from institutional investors, including Ashish Kacholia, Bengal Finance and Investment Private Ltd, Mitul Prafulbhai Mehta, Samedh Trinity Partners, Jagdish Master, Shyamsundar Basudev Agarwal, VPK Global Ventures Fund, Rajnikkumar Sureshbhai Savaliya HUF, Rosy Blue (India) Private Ltd, Carnelian Structural Shift Fund, according to reports.
Kacholia has a reputation for picking the top multibagger stocks. He is referred to as the Indian stock market's ‘Big Whale’. He has picked the best multibagger stocks over the years by focusing on the midcap and smallcap firms with the quickest rate of growth.
In April, Aeroflex Industries, which is a subsidiary of Sat Industries had filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise about ₹350 crores through an Initial Public Offering (IPO). Also Read: Mumbai-based Aeroflex Industries gets SEBI nod for IPO Here are the 10 key things to know about Aeroflex Industries IPO: Aeroflex Industries IPO date: Aeroflex Industries IPO opens for subscription on Tuesday, August 22 and closes on Thursday, August 24. Aeroflex
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