Metal Hoses / Flexible Piping - Listed on 31 August 2023
Aeroflex Industries (Metal Hoses / Flexible Piping) closed its IPO window in 2023 and listed on NSE and BSE on 31 August 2023 at an upper band issue price of Rs 108, opening at Rs 190 for a listing gain of +75.9% and closing day one at Rs 163.6 (+51.5% on closing basis). The IPO was subscribed 96.99x overall - QIB 194.73x, HNI/NII 126.08x, Retail 34.20x. The total issue size was Rs 351 Cr (Fresh Issue Rs 162 Cr, OFS Rs 189 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Metal Hoses / Flexible Piping
Aeroflex Industries operates in the Metal Hoses / Flexible Piping space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Aeroflex Industries issue was offered at an upper price of Rs 108 and raised approximately Rs 351 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 60 | +55.56% |
| Day 2 | Rs 65 | +60.19% |
| Day 3 | Rs 62 | +57.41% |
| Day 4 | Rs 55 | +50.93% |
| Day 5 | Rs 55 | +50.93% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Aeroflex Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Aeroflex Industries IPO listed at +75.9% versus the upper issue price of Rs 108 on 31 August 2023.
Aeroflex Industries IPO was subscribed 96.99x overall. QIB portion was subscribed 194.73x, HNI / NII 126.08x and Retail 34.20x.
IPO GMP started at Rs 60 on Day 1 and moved to Rs 55 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.