Ashish Kacholia-backed AEROFLEX to get listed soon: Here's how its parent firm’s stock surged 4x in 1 year

[{ "selector": ".meugm-a", "duration": "1500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".jgpmi-a", "duration": "1500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Aeroflex Industries

Mumbai-based Aeroflex, backed by ace investor Ashish Kacholia, is a manufacturer and supplier of metallic flexible flow solution products, catering to global markets. It exports its products to more than 80 countries including Europe, the US & others and generates 80% of its revenue from exports [{ "selector": ".finzl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 389px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".tdkpm-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Aeroflex IPO

The initial public offering (IPO) of Aeroflex Industries Ltd received a strong response from investors as all portions of the initial share sale were fully booked within three hours. The Rs 350-crore IPO would conclude on August 24. The IPO price band has been fixed at Rs 102-108 per equity share. Investors can bid for a minimum of 130 equity shares and in multiples of 130 equity shares thereafter [{ "selector": ".agsxt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 369px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".tgfar-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Brokerage view

A majority of brokerages are positive on the IPO. "The company has a 'Make in India' model with no listed peers with advanced manufacturing facilities and R&D infrastructure. We believe that issue is fairly priced and recommend 'Subscribe-long term' rating to the IPO," Anand Rathi Shares & Stock Brokers stated [{ "selector": ".bfara-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 369px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".gdbqj-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Watch BTTV

Continue viewing BT Visual Story Catch the latest business news, share market updates, expert analysis and exclusives only on BTTV.in Click Here

Aeroflex GMP

In the grey market, Aeroflex shares were last seen trading at a premium of nearly 67 per cent against its issue price of Rs 108 (upper price band). The stock is likely to get listed on September 1, 2023 [{ "selector": ".xqmmr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 409px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ilcuc-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Aeroflex's parent company

SAT Industries is the parent firm of Aeroflex Industries and holds 92.18 per cent stake in the company. Aeroflex IPO consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities -- Sat Industries and Italica Global FZC. The OFS comprises sale of 1.23 crore shares by SAT Industries Ltd and up to 52 lakh shares by Italica Global FZC [{ "selector": ".fgegz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 359px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".impnd-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

SAT Industries

SAT Industries is engaged in an extensive array of endeavours, including manufacturing, global product and service outsourcing, real estate, mining, and marketing activities. Headquartered in Mumbai, SAT Industries is a diversified conglomerate involved in manufacturing, leasing, finance, investments, domestic trade, and both import and export. It’s reach extends to over 100 countries through its subsidiary companies [{ "selector": ".nbxqc-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 359px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".itaek-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

The rise and rise of SAT
Industries stock

The stock price of SAT Industries has nearly surged 4x from its all-time low of Rs 30.10 in August 29, 2022 to an all-time high of Rs 145.50 by August, 2023. The surge came following its listing on National Stock Exchange (NSE) on November 21, 2022. Prior to NSE listing, the stock only traded on Bombay Stock Exchange (BSE) [{ "selector": ".krpxc-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 382px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".xldnn-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

SAT Industries'
investing spree

According to SAT Industries’ website, the company has invested around Rs 2 crore in 18 start-ups in last few years. This includes investment in Inc42, Betel Leaf Co., Pee Safe, Brew House, Sunfox, Greencure, Karma Healthcare, Synthera, Janani, Venture Catalysts, Prescient, Nupay, Powerboat, Spoofsense etc [{ "selector": ".rpgrz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 382px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".wsemx-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Road ahead for Aeroflex

The initial public offering (IPO) of Aeroflex Industries Ltd continued to gather strong investor response on the third and last day (Day 3) of bidding. At 6:27 pm on Thursday, the issue was booked 97.07 times. Aeroflex's IPO received 2,25,38,01,680 bids compared to the issue size of 2,32,17,667 shares, BSE data showed. The category reserved for qualified institutional buyers (QIBs) was booked 194.73 times and non-institutional investors (NIIs) saw 126.10 times of the total bids. The quota for retail investors was booked 34.35 times and the portion kept for shareholders was subscribed 28.51 times [{ "selector": ".eilwn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 294px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".tjntb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Related Stories Stock recommendations by analyst for March 24: Buy Canara Bank, CDSL & HPCL shares Stock recommendations by analyst for March 21: Buy Maruti Suzuki, Titan & Zen Technologies shares Stock recommendations by analyst for March 20: ‘Buy’ SBI, SJVN & MOFSL shares Stock recommendations by analysts for March 19: 'Buy' Tata Power, HDFC Bank & NTPC shares