Great opportunity for those investing in IPO, Aeroflex Industries IPO opens from today
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Shares worth Rs 162 crore will be issued
Investors can put in money for lots of 130 shares. The company will issue new shares worth Rs 162 crore under this IPO. Existing promoters and shareholders will offer up to 1.75 crore equity shares through the offer for sale. Under this IPO, 50 percent of the shares are reserved for qualified institutional buyers. At the same time, 15 percent shares are reserved for non-institutional investors and 35 percent shares are reserved for retail investors.
When will be the allotment
According to the report, the company is expected to complete the allotment of shares under this IPO by August 29, 2023. In this, the shares of the company will be credited in the demat account of the successful investors by August 31. The listing of the company’s shares can happen on September 1. Let us tell you that Aeroflex Industries exports metallic flexible flow solutions made in India to more than 85 countries. Export earnings account for 80 per cent of the company’s total income.
What is GMP
Shares of Aeroflex Industries Limited are available at a premium of ₹65 in the gray market today. Earlier, the IPO of Aeroflex Industries was trading around Rs.62 in the gray market.
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This IPO will open on 24
Vishnu Prakash R Punglia’s IPO is going to open on 24th August. The company will put 3.12 crore shares for sale through this IPO. The company has fixed a price band of Rs 94-99 per share for the IPO. According to the report, the company will issue shares to its employees at a discount of Rs 9. About three lakh shares have been reserved for this. There will be a minimum bid of one lot. There will be 150 shares in one lot.
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