Bumper Debut! Aeroflex Industries shares list at 83% premium over IPO price
Aeroflex Industries debuted at a strong premium of 82.8% at Rs 197.4 on BSE in Thursday's trade over the IPO price of Rs 108. On NSE, the stock listed at Rs 190, up 76% over the issue price.
Ahead of the listing, the shares commanded a premium of Rs 65 in the unlisted market.
The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories.
The issue was subscribed 97 times overall at close.
The qualified institutional buyer category was the most subscribed at 194.7 times, followed by the non-institutional investors' portion with 126.10 times bids. The reservation shareholders' portion was subscribed 28.51 times, whereas the retail part was subscribed 34.35 times.
Aeroflex Industries is a market leader in metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses.
Just days before the IPO, ace investors, including Ashish Kacholia and Jagdish Master had picked up stakes in the company.
