Outlook Business Team
Aeroflex Industries Limited IPO had received substantial attention from investors with the IPO being subscribed 97.07 times in between 22nd and 24th August.
The Rs 351-crore IPO is set to be listed on the bourses on August 31.
According to reports, the grey market premium (GMP) for Aeroflex on Tuesday was Rs 72. The price band of the IPO was set as Rs 102-108. The GMP of Rs 72 suggests that the IPO can list around Rs 180 on August 31.
The promoters hold 91.1 per cent stake before its listing. After the stock is listed on the bourses, promoters’ shareholding will come down to 66.9 per cent.
In this issue, the 1,50,00,000 shares amounting to Rs 162 crore are fresh issue while 1,75,00,000 shares worth 189 crore are offer for sale. The minimum lot size was set as 130 shares in the IPO.
To check the allotment status today, investors can go to the BSE India website and know the status under the application status check section.