Ashish Kacholia-backed Aeroflex Industries IPO opens today. GMP, review, apply or not?

livemint.com:

Aeroflex Industries IPO: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd has hit primary market today. The public issue will remain open for bidding till 24th August 2023. The company has fixed Aeroflex Industries IPO price at ₹102 to ₹108 per equity share and it aims to raise ₹351 crore from the initial public offer.

Ace investors Ashish Kacholia and Jagdish Master have picked up stake in this subsidiary of the Sat Industries Ltd, a listed entity on Dalal Street. 1] Aeroflex Industries IPO GMP today: Shares of Aeroflex Industries Ltd are available at a premium of ₹65 in grey market today, say market observers. 2] Aeroflex Industries IPO price: The company has fixed Aeroflex Industries IPO price band at ₹102 to ₹108 per equity share.

3] Aeroflex Industries IPO date: The issue has opened today and it will remain open till 24th August 2023. 4] Aeroflex Industries IPO size: The company aims to raise ₹351 crore from this public issue out of which ₹162 crore is aimed from fresh issues while rest ₹189 core is reserved for offer for sale (OFS) route. 5] Aeroflex Industries IPO lot size: A bidder will be able to apply in lots and one lot of the public offer will comprise 130 company shares.

6] Aeroflex Industries IPO investment limit: As one lot of the public issue comprises 130 shares, a retail investor would require at least ₹14,040 ( ₹108 x 1300)) to apply for the public offer. 7] Aeroflex Industries IPO allotment date: The tentative date for share allocation is 29th August 2023. 8] Aeroflex Industries IPO registrar: Link Intime India Private Ltd has been appointed as official registrar of the IPO.