Recently the news has come on the internet that Aeroflex Industries is designed to complete the basis of allocation of its shares on Tuesday, 29 August 2023. The Rs 351 crore initial public offering (IPO) had obtained a super powerful reaction from the investors during the three-day bidding procedure. The problem was open for subscription from August 22 to 24. Recently the news has come on the internet and went viral on social media platforms. Now many people are inquisitive to know about the whole information about it. We have more information about it and will share it with you in this article.
Aeroflex Industries IPO Allotment
Aeroflex Industries Ltd is a part of SAT Group. The company manufactures and supplies environment-friendly metallic flexible flow solution products. Their product list includes braided hoses, gas hoses, unbranded hoses, solar hoses, vacuum hoses, branding, interlock hoses, hose assemblies, etc. Aeroflex Industries presented its share in the fixed price band of Rs 102 to 108 apiece. The investors could create bids for a minimum of 130 parity shares and their several thereof. The problem contained a fresh share sale of Rs 162 crore, while its promoter Sat Industries unloaded shares worth Rs 189 crore. Scroll down to the next page for more information about it, so please read the complete article.
The IPO of Aeroflex Industries was overall subscribed 97.11 times. The qualified institutional bidder’s portion was oversubscribed 194.73 times, while the non-institutional investors’ portion was subscribed 126.13 times. The quota earmarked for retail investors was subscribed 34.41 times. A grey market premium of Aeroflex Industries’ class was subscribed a stellar 126.13 times. The quota booked for retail investors was subscribed 34.41 times. Grey market premium (GMP)of AI has remained powerful following the stellar subscription numbers. The company is controlling a premium of Rs 70 to 75 per share in the unofficial market which was around Rs 55-60, a day back the issue opened for bidding. You are on the right page for more information about the news, so please read the complete article.
Investors, who held bids for the issue, can check the distribution status on the Bombay Stock Exchange BSE and NSE. 1. You need to visit this site https://www.bseindia.com/investors/appli_check.aspx
2. Under the issue name, click Equity
3. Under the issue name, select Aeroflex Industries Limited in the dropbox
4. Write the application number
5. Add the PAN card ID
6. Click on ‘I am not a Robot’ and hit submit
Investors can also check the distribution status on the online portal of Link Intime India Private Limited.
(https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the point.
The clerk is liable for conceding with the timelines for updating the electronic credit of shares to successful applicants sending and posting refunds, and attending to all investor-connected questions after the issue is finished.
1. Go to the web outlet of Link Intime India Private Limited
2. Choose the IPO in Dropbox whose title will be settled only if the allotment is completed
3. You may need to choose either one of the three modes: Application number, Demat Account number, or PAN ID 4) In application type, choose between ASBA and non-ASBA 5) Enter the points of the mode you selected in Step 2 6) For security purposes, fill the captcha accurately 7) Hit submit
Bidders who could not obtain funding in the IPO may see the initialization of rebates on 30 August 2023, Wednesday. Others, who would be assigned shares may see the make of shares, in the Demat accounts by Thursday, 31 August 2023, which is also the date for the listing of its equity shares. Here we have shared all the information that we had. Stay tuned to Techballed for more updates.