Aeroflex Industries lists with 82.78% premium on the BSE
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Aeroflex Industries has debuted at Rs 197.40 on the BSE, up by 89.40 points or 82.78% from its issue price of Rs 108.00.
The scrip is currently trading at Rs 167.50, up by 59.50 points or 55.09% from its issue price. It has touched a high and low of Rs 197.40 and Rs 166.50 respectively. So far 22.19 lakh shares were traded on the counter.
The offering, which was open for subscription between August 22, 2023 and August 24, 2023 was subscribed 97.11 times. The issue price was fixed at Rs 108 per share i.e. at upper end of price band of Rs 102-108 apiece.
Aeroflex Industries 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, USA and others and generates 80 per cent of its revenue from exports.
