The organization said it has created near Rs 104 crore from anchor financial backers in front of Monday's Initial public offering.
The organization's value shares are proposed to be recorded on the BSE and NSE.
Here is all you want to be aware of the Initial public offering
Initial public offering beginning
The First sale of stock (Initial public offering) will open for membership on August 22(today) and close on August 24(thursday).
Cost brand
The cost band has been fixed at Rs 102-108 for every offer. The organization means to raise Rs 340.5 crore at the lower end and Rs 351 crore at the upper cost band.
Offers
The Initial public offering cotains a new issue of value shares worth up to Rs 162 crore and a Proposal available to be purchased (OFS) of up to 1.75 crore value shares by advertiser body Sat Businesses.
Financial backers
A portion of the anchor financial backers are Societe Generale, Winro Business India Asset Ltd, All inclusive Sompo General Insurance Agency Ltd, Nippon India Common Asset, WhiteOak Shared Asset, Bank of India Common Asset and Invesco Common Asset.
Designation
A circuar transferred on the BSE site said that the organization has chosen to distribute 95.99 lakh value offers to 15 assets at Rs 108 each, which is likewise the upper finish of the cost band.
Offering size
Financial backers can offer for at least 130 value shares and in products of 130 value shares from there on.
About Aeroflex
The Mumbai-based organization makes and supplies climate friendlymetallic adaptable stream arrangement items.
It additionally sends out its items to in excess of 80 nations, including Europe and US, and creates 80% of its income from unfamiliar business sectors. It took special care of north of 50 nations in FY23.
For financial 2023, the organization produced solidified income from tasks of Rs 269.4 crore, and benefit after charge (PAT) was Rs 30.1 crore.
As of now, advertiser and advertiser bunch individuals own more than 91% of the stake in the organization.
Continues from the new issue will be used for installment of an obligation, and subsidizing working capital prerequisites, and a specific sum will be utilized for general corporate purposes and acquisitions for inorganic development.
Pantomath Capital Consultants is the sole book-running lead director to the issue.