Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
IPO News

| More

Aeroflex Industries Ltd raises over 103 crores from anchor investors

Posted On: 2023-08-22 17:28:31 (Time Zone: IST)

Mumbai-based Aeroflex Industries Ltd has garnered Rs 103.68 Crores from anchor investors ahead of its initial public offering of Rs 351 Crores, that opens for public subscription on Tuesday, August 22, 2023. The Company informed the bourses that it allocated 95,99,980 shares at Rs. 108 per share on Monday, August 21, 2023, to anchor investors.

Aeroflex Industries is a manufacturer of environment friendly Metallic Flexible Flow Solution products, catering to global markets. The Company has grown at more than 37% revenue CAGR in last 3 years, operating at more than 4.85 times asset turnover, clocking more than 20% EBITA margins and generating approximately 32% ROCE.

Diversified anchor book of Aeroflex comprises 10 anchors including mutual funds, large insurance & NBFC treasuries, AIFs and foreign portfolio institution. The institutions who participated in the anchor are the following :

Mutual Funds : Nippon Mutual Fund, Invesco Mutual Fund, White Oak Mutual Fund, BOI Mutual Fund

Institutional Treasuries : Winro Commercial India and Universal Sampo General Insurance

AIFs : Quantun State Investment Fund and Negen Undiscovered Value Fund

Foreign Institution : Societe GeneraleOut of the total anchor book, 55% allocation was made to 4 domestic mutual funds through a total of 9 schemes amounting to Rs 57 Crores. Nippon Mutual Fund took single largest allocation, approximately 20% of the total anchor book size, whereas other funds like Invesco Mutual Fund, White Oak Mutual Fund, BOI Mutual Fund, Winro Commercial and Societe Generale followed the pack.

arlier, marquee investors such as Ashish Kacholia, Jagdish Master and Vikas Khemani led Carnelian Fund and certain other investors bought approximately 7% stake in Aeroflex Industries pre-IPO.

Pantomath Capital Advisors Private Limited is the sole book running lead manager.

Click here to send ur comments or to

Other Headlines:

Three M Paper Boards Ltd's SME IPO to open on Friday, July 12, 2024

Virtual Galaxy Infotech attracts marquee investors, raises Rs 21.44 Crore ahead of IPO Launch

IT Solutions provider Orient Technologies gets Sebi nod for IPO

Accel and Flipkart-backed Zinka Logistics Solutions Limited files DRHP for IPO

Sleepwear-focused company S D Retail Limited files DRHP for SME IPO

ACME Solar Holdings Limited files DRHP for Rs 3,000 crore IPO

Nephro Care India Makes History - First SME IPO to Surpass Rs. 20,000 Crore in bids

Gala Precision Engineering gets Sebi nod for IPO

Noida-based Interarch Building Products Limited gets SEBI nod for IPO

Shivalik Engineering Industries Limited files DRHP for IPO

Niva Bupa files for Rs 3,000Cr IPO

Sagility India Limited files DRHP for IPO

Ambey Laboratories Ltd IPO to open for subscription on July 4, 2024

Nephro Care India Limited IPO opened today, Anchor Book fully subscribed

Allied Blenders & Distillers IPO subscribed 23.49 times on Final Day

Allied Blenders & Distillers IPO fully subscribed on Day 2

Allied Blenders & Distillers IPO subscribed 51% on Day 1

Stanley Lifestyles IPO subscribed 95.75 times on Final Day

Deepak Parekh-backed Nephro Care India Limited's IPO opens on Friday, June 28

Allied Blenders & Distillers Limited raises Rs. 449.1 crore from Anchor Investors

Stanley Lifestyles IPO subscribed 5.22 times on Day 2

Mason Infratech Limited IPO Opens on June 24, 2024

Stanley Lifestyles IPO fully subscribed on Day 1 led by strong retail, NII demand

Stanley Lifestyles Limited raises Rs. 161.10 crore from Anchor Investors

Allied Blenders & Distillers Ltd's IPO to open on Tuesday, June 25, 2024

GEM Enviro Management Limited IPO Opens on June 19, 2024

Stanley Lifestyles Limited's IPO to open on Friday, June 21, 2024

Bajaj Housing Finance Ltd files DRHP for IPO

Bajaj Housing Finance Limited to raise funds through IPO

Kronox Lab Sciences IPO subscribed 117.25 times on Final Day

Kronox Lab Sciences IPO fully subscribed in less than half an hour of opening

Kronox Lab Sciences Limited raises Rs. 39.04 crore from Anchor Investors

Sattrix Information Security Limited SME IPO to open on June 5, price band set at ?121 per share

Kronox Lab Sciences Ltd's Initial Public Offering to open on Friday June 3, 2024

Aimtron Electronics Limited's SME IPO to open on Thursday, May 30, 2024

Garuda Construction and Engineering refiles DRHP for IPO

Nephro Care India Limited plans to raise Rs. 35-40 crore from its upcoming IPO

Vilas Transcore Ltd's SME IPO to open on Monday, May 27, 2024, price band set at ?139/- to ?147/- per Equity Share

Rulka Electricals Ltd, HOAC Foods India Ltd NSE-SME IPOs garner huge oversubscription

HOAC Foods India Limited IPO subscribed 807.44 times, issue closes today

Allied Blenders and Distillers Limited gets Sebi nod for Rs 1500 crore IPO

Go Digit General Insurance Ltd's IPO to open on Wednesday, May 15, 2024

Sanstar Limited, gets SEBI nod to float IPO

Sattrix Information Security files DRHP for SME IPO, targeting a listing by mid-May.

Belstar Microfinance Ltd files DRHP with SEBI for IPO

Asirvad Micro Finance Limited gets Sebi nod for IPO

Diffusion Engineers refiles DRHP with SEBI for IPO

Racks & Rollers - Storage Technologies and Automation Limited's SME Initial Public Offering to open on Tuesday, April 30, 2024

JNK India IPO subscribed 28 times on the Final Day

JNK India IPO fully subscribed on Day 2 led by NII and Retail

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020