Aeroflex Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Aeroflex

CMP

152.70

+3.96 (2.66%)

  • DRHP
₹108

Offer Price

₹ 351.00 Cr

Issue Size

₹ 14,040

Min Investment

97.11x

Times Subscribed

130

Lot size

Time Line

  • 22
    Aug 2023
    Open
  • 24
    Aug 2023
    Close
  • 29
    Aug 2023
    Finalisation of Basis of Allotment
  • 30
    Aug 2023
    Initiation of Refunds
  • 31
    Aug 2023
    Transfer of Shares to Demat Account
  • 31
    Aug 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expand its portfolio of solutions to capitalize on large opportunities across industrial segments

  • Scale up its In-house Design and R&D efforts.

  • Increase focus on global markets and enhance its international presence.

  • Expand its domestic business to leverage the opportunities across industrial segments.

  • Focus on Digitisation and Industry 4.0 initiatives to drive operational efficiencies and achieve synergies.

Products & Services

  • Aeroflex Industries Ltd is manufacturers and suppliers of environment friendly metallic flexible flow solution products.

Strengths

  • Global flexible flow solutions provider operating in huge addressable market, catering to diverse industry segments

  • Export oriented business model;

  • Primary manufacturer of flexible flow solutions (Make in India with no listed peers with advance manufacturing facility and R&D infrastructure);

  • High entry and exit barriers;

  • Experienced and dedicated senior team across key functions.

Risks

  • The company exports its products to various countries and the export operations of the Company contribute more than 80% of Revenue from Operations. On account of the aforesaid, its may be subject to significant import duties or restrictions of the relevant jurisdictions. Further, adverse fluctuation in foreign exchange rate, unavailability of any fiscal benefits or our inability to comply with related requirements may have an adverse effect on our business and results of operations.

  • The company in the usual course of business do not enter into long-term contracts with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials, in a timely manner or at all, could have an adverse effect on its business and results of operations.

  • The company business is dependent and will continue to depend on its single manufacturing facility, and its subject to certain risks in that behalf. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

  • The Company requires significant amounts of working capital and significant portion of the company working capital is consumed in trade receivables and inventories. Its inability to meet the company working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.

  • The company in the usual course of business do not have long term contracts with most of its customers and rely on purchase orders for delivery of its product and they may cancel or modify their orders, change production quantities, delay production or change their sourcing strategy. Loss of one or more of its customers or a reduction in their demand for the company products could adversely affect its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
84.57%
Pre Holding

84.57%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 144.77 (-3.50%) 240.80 (66.30%) 269.46 (11.90%)
Gross Profit 144.77 (-3.50%) 240.80 (66.30%) 269.46 (11.90%)
Net Income 144.77 (-3.50%) 240.80 (66.30%) 269.46 (11.90%)
Assets 144.77 (-3.50%) 240.80 (66.30%) 269.46 (11.90%)
Liabilities 144.77 (-3.50%) 240.80 (66.30%) 269.46 (11.90%)

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Plot # 41 42/13 42/14 & 42/18,
Taloja MIDC Vilg. Chal Panvel,
Navi Mumbai - 410208
Phone : 91-91-22-61467100/22-22850888 Email : corporate@aeroflexindia.com www.aeroflexindia.com

Offer Related Information

Initial public offer of 32,500,000^ equity shares of face value Rs. 2/- each ("Equity Shares") of Aeroflex Industries Limited for cash at a price of Rs. 108/- per equity share (including a share premium of Rs. 106/- per equity share) (the "Offer Price"), aggregating Rs. 351.00 crores ("Offer") comprising of a fresh issue of 15,000,000^ equity shares aggregating Rs. 162.00 crores by the company ("Fresh Issue") and an offer for sale of 17,500,000 equity shares aggregating to Rs. 189.00 crores... More

News

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