AEROFLEX INDUSTRIES is the manufacturer and supplier of environmentally friendly metallic flexible flow solution products such as braided/unbraided hoses, solar hoses, interlocked hoses, vacuum hoses, jacketed hoses, lancing hoses, etc. This Flow solution uses to transfer the gas/liquid/solid from one industry to another industry. The company exports its product to more than 80 countries including the USA, Europe, and other countries, and export operations contribute more than 80% of the company’s revenue. In the fiscal year 2023, the company generated Rs. 217.18 Crore (80.60%) in revenue from export operations, and Rs. 203.55 crore (84.53%) in the fiscal year 2022. As on March 2023, the company has more than 1700 products in its product portfolio. The Company has served (Domestically & internationally) more than 723 customers in the fiscal year 2023 and 606 in the fiscal year 2022. #Object of Aeroflex Industries IPO The company proposed to use the IPO Funds for the below-mentioned purposes:Aeroflex Industries Limited is set to launch an IPO of Rs. 351 crore which will open on August 22, 2023, and close on August 24, 2023. Through this public offer company wants to raise Rs.351 Crore from the primary market which comprise Rs. 162 crore fresh issue and Rs. 189 crores offer for sale (OFS), according to the preliminary papers draft red herring prospectus (DRHP) filed to the capital market regulator SEBI .
- Rs. 320 crore of the total net proceed fund will be used for prepayment/repayment of the secured borrowing amount.
- Rs. 880 crore of the total net proceed fund will be used for the working capital of the company.
- Rest funds will be used for unidentified inorganic acquisitions and other general corporate purposes.
- Export-oriented business model.
- Global presence, primary manufacture of the flexible flow solution, addressable market, catering to diverse industry segments.
- Experienced and dedicated senior team members.
- High entry and existing barriers.
- As more than 80% of revenue comes from the export operation, the significant role of import duties & their related risk.
- No long-term contracts with the suppliers of a significant portion of raw materials, and depend on China, Spain, and Germany.
- Dependence on single manufacturing facilities only.
- No long-term contracts with the customers.
- Significant amount of working capital consumed in trade receivable/inventories.
| Issue Size | Rs. 351 crores |
| Issue Price | Rs. 108 per share |
| Lot size | 130 shares |
| Market Capitalization | Rs. 1396.66 crore |
| Profit – 2023 | crore Total |
| Total Assets – 2023 | Rs. 213.98 crore |
| Debt/Equity ratio | 0.39 |
| NAV Value | Rs. 9.98 per share |
| Promoter holding | 91.09% |
| Listing on Stock Exchanges | NSE & BSE (Mainboard) |
| IPO Deliver Rating | 4/10 |
| Type of issue | Fresh issue and Offer for sale |
| Issue Size | Rs. 351 Crore (32,500,000 shares) |
| Price band | Rs. 102 – Rs. 108 |
| Lot size | 130 equity shares |
| Face Value | Rs. 2 each equity share |
| IPO Open | August 22, 2023 |
| IPO Close | August 24, 2023 |
| IPO Allotment Date | August 29, 2023 |
| Refund Date | August 30, 2023 |
| Listing Date | September 01, 2023 |
| Fresh issue (FOR PUBLIC) | Rs. 162 Crore (1500,00,000 equity shares) |
| Offer for sale (FOR PROMOTER) | Rs. 189 Crore (1750,00,000 equity shares) |
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 269.46 | 240.80 | 144.77 |
| Operating Profit | 54.03 | 46.69 | 22.33 |
| Net Worth | 114.09 | 86.22 | 58.72 |
| Profit after Tax (PAT) | 30.15 | 27.51 | 6.01 |
| Total borrowings | 45.00 | 39.13 | 53.07 |
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 2.64 | 2.41 | 0.53 |
| Diluted EPS | 2.64 | 2.41 | 0.53 |
| P/E Ratio | 38.64 | – | – |
| Industries P/E Ratio | Not applicable | Not applicable | Not applicable |
| RoNW | 26.43 | 31.90 | 10.24 |
| NAV | 9.98 per equity share | 7.54 per equity share | 5.14 per equity share |
- Pre-offer shareholding: 84.57% (96,681,833 equity shares) post-offer shareholding: 66.99%
- The average cost of acquisition for promoter-selling shareholders: Rs. 1.95 per equity share.
- Log into your bank account.
- In invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO & Select the ongoing IPO “Aeroflex Industries Limited.”
- Enter the basic detail like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Aeroflex Industries Limited.”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or get refunded in case no allotment is made to you.
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