Aeroflex Industries Ltd. IPO

Aeroflex Industries, a leading manufacturer and supplier, specializes in eco-friendly metallic flexible flow solutions. Renowned globally, they offer a versatile range of products, including SS and bronze options, replacing conventional rubber solutions. These solutions, utilizing stainless steel corrugation, bring multiple benefits, such as resilience to external factors, media quality preservation, and temperature resistance. With a widespread export presence and a commitment to innovation, Aeroflex Industries is a key player in shaping the flexible flow solutions market.

RHP
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DRHP
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Open Date

2023-08-22

Close Date

2023-08-24

Company Financials

You can get the following financial statements of Aeroflex Industries Ltd. as of now.

Subscription Details

The details about the Aeroflex Industries Ltd IPO is as:

  • The issue size of the IPO is 351 Cr.
  • The price band for Aeroflex Industries IPO is Rs 102 to Rs 108.
  • The shares of Aeroflex Industries IPO will list on 31st August 2023.
  • The latest tentative GMP of Aeroflex Industries IPO is Rs 70.
  • The shares of Aeroflex Industries IPO is subscribed 97.11 Times as of 24th August 2023. 

 

Aeroflex Industries IPO Valuation

The approx valuation of Aeroflex Industries Ltd IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 108
Existing Shares (Qty) 11.43 Cr
Fresh Issue 162 Cr
Market Cap 1396.44 Cr
EPS (FY23) Rs 9.98
PE Ratio 10.82x

 

Aeroflex Industries IPO Issue Size

Aeroflex Industries Ltd IPO issue size is 351 Cr. 

Issue Amount
Fresh Issue 162 Cr
Offer For Sale 189 Cr

 

Aeroflex Industries IPO Market Lot

An Individual can apply for a minimum 1 lot of 130 shares and a maximum of 14 lots of 1820 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 130 Rs 14,040
 Maximum 14 1820 Rs 1,96,560

 

Aeroflex Industries IPO share offer

The shares of Aeroflex Industries IPO is subscribed 97.11 Times as of 24th August 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Maximum 50% 194.73 Times
Non-Institutional Minimum 15% 126.13 Times
Retail Individual Minimum 35% 34.41 Times
Others 5 Lakh Shares 28.52 Times
Total   97.11 Times

 

Allotment Details

Find below the dates for Aeroflex Industries Ltd IPO:

Schedule Date
Basis of Allotment 29 August 2023
Refunds 30 August 2023
Credit to Demat Account 31 August 2023
IPO Listing Date 31 August 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 140.42 144.34 144.73 240.8 269.38
Total Expenditure 116.83 122.25 122.04 193.67 215.02
Operating Profit 23.59 22.09 22.69 47.13 54.36
Other Income 0.03 0.6 0.06 0.2 0.04
Interest 14.64 11.62 9.29 6.63 4.88
Depreciation 4.01 3.92 3.78 4.18 5.22
Exceptional Items 0 -3.57 -1.63 0.41 -3.08
Profit Before Tax 4.97 3.58 8.06 36.92 41.23
Provision for Tax -2.11 -1.13 2.04 9.35 11.07
Net Profit 7.08 4.71 6.02 27.57 30.16
Adjusted EPS (Rs.) 0.06 0.04 0.05 0.24 0.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 22.86 22.86 22.86 22.86 22.86
Total Reserves 24.86 29.86 35.88 63.45 91.32
Borrowings 40.97 37.58 35.28 20.99 19.69
Other N/C liabilities 1.21 -2.04 0.29 0.99 1.27
Current liabilities 61.49 65.93 66.42 75.22 78.95
Total Liabilities 151.39 154.2 160.74 183.51 214.09
Assets
Net Block 46.81 44.39 43.26 46.11 56.32
Capital WIP 0 0 0 6.61 0.64
Intangible WIP 0 0 0.26 0 0
Investments 0 0.1 0.1 0.1 0.19
Loans & Advances 4.61 2.46 1.5 0.61 0.6
Other N/C Assets 0.21 0.48 0.73 1.14 1.98
Current Assets 99.77 106.77 114.89 128.95 154.36
Total Assets 151.39 154.2 160.74 183.51 214.09
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 0.98 0.36 1.19
Profit Before Tax 14.69 15.26 13.35
Tax 3.62 3.69 4.28
Profit After Tax 11.07 11.56 9.07
Adjusted EPS (Rs) 0.97 0.89 0.7

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 66.99 0
Dec 2023 66.99 0
Sep 2023 66.99 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 4.97 3.58 8.06 36.92 41.23
Adjustment 4.01 3.92 3.78 -4.15 -5.63
Changes in Assets & Liabilities -6.14 5.37 0.16 -0.56 -31.76
Tax Paid 0 0 0 0 0
Operating Cash Flow 2.84 12.87 12 32.22 3.84
Investing Cash Flow -3.03 -1.31 -2.91 -13.38 -9.55
Financing Cash Flow -4.8 -9.51 -10.39 -13.94 3.59
Net Cash Flow -4.99 2.05 -1.3 4.89 -2.13
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