Exciting news for investors! The much-awaited allotment of shares for Aeroflex Industries Ltd's Rs 351-crore IPO is on the horizon, expected on August 29. If you've been eagerly waiting to know about your share allotment, the wait is almost over.
Aeroflex Industries' IPO, with a size of Rs 351 crore, received an incredible response during its three-day bidding process. The subscription rate was a staggering 97.11 times, indicating immense interest from investors. The IPO was open for subscription from August 22 to August 24, offering shares at a fixed price range of Rs 102 to Rs 108 per piece.
The enthusiasm was widespread, with the retail category receiving bids that were a whopping 34.41 times the allotted quota. Non-institutional investors took it even further, booking shares at an impressive rate of 126.13 times. Even qualified institutional bidders showed substantial interest, subscribing 194.73 times of their quota.
Once the shares are allotted, eligible shareholders can expect them to be credited to their accounts by August 31, 2023.
Here's How You Can Check Your IPO Allotment Status:
The IPO's official registrar is Link Intime India Pvt Ltd. You can check your allotment status on both the registrar's website and the official BSE website on the day of allotment.
For checking on BSE, follow these simple steps:
- Visit https://www.bseindia.com/investors/appli_check.aspx
- Choose 'Equity' under 'Issue Type'
- Select Aeroflex Industries Limited from the list
- Enter your application number or PAN no.
- Click submit
You can also check the allotment status on Link Intime India's official website.
Aeroflex Industries stands out as a leading producer and provider of eco-friendly metallic flexible flow solutions. These innovative products replace traditional rubber and polymer pipes, catering to various industries like fire safety, aviation, and space, among others. With such a strong response to their IPO, the future looks bright for Aeroflex Industries and its investors.