Shares of Aeroflex Industries on Thursday bought listed on the bourses with an enormous premium of 83 per cent over its situation value of Rs 108.
The inventory listed at Rs 197.40, reflecting a steep leap of 82.8 per cent on the BSE. On the NSE, the scrip made its debut at Rs 190, witnessing a pointy uptick of 76 per cent.
The preliminary public providing (IPO) of Aeroflex Industries final week obtained a whopping 97.07 instances subscription.
The Rs 351-crore preliminary share sale had a value vary of Rs 102-108 apiece.
Mumbai-based Aeroflex is a producer and provider of metallic versatile circulate answer merchandise, catering to world markets. It exports its merchandise to greater than 80 nations, together with Europe and the US, and generates 80 per cent of its income from exports.
For fiscal 2023, Aeroflex generated a consolidated income from operations of Rs 269.4 crore and a revenue after tax (PAT) of Rs 30.1 crore.
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