Aeroflex Industries' IPO subscribed 97 times
The public issue of Aeroflex, a manufacturer of environment-friendly metallic flexible flow solution products, comprised fresh shares worth ₹160 crore and an offer for sale (OFS) of up to 17.5 million shares.
By ET Bureau | Updated:
BCCL - Non Copyright
Mumbai: The ₹351-crore initial public offering (IPO) of Aeroflex Industries was subscribed 97 times on Thursday - the final day of bidding. The issue received bids for 225 crore shares against the offer size of 2.32 crore shares. The qualified institutional buyers' portion was subscribed 195 times, while the high net worth individual segment received bids for 126 times the shares set aside for them. Retail investor's portion was subscribed 34 times.
The public issue of Aeroflex, a manufacturer of environment-friendly metallic flexible flow solution products, comprised fresh shares worth ₹160 crore and an offer for sale (OFS) of up to 17.5 million shares. The net proceeds from the issue will be used to prepay debts and fund capital requirements.
The public issue of Aeroflex, a manufacturer of environment-friendly metallic flexible flow solution products, comprised fresh shares worth ₹160 crore and an offer for sale (OFS) of up to 17.5 million shares. The net proceeds from the issue will be used to prepay debts and fund capital requirements.
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