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AEROFLEX INDUSTRIES LIMITED

Aeroflex Industries Limited (AIL) incorporated in 1993 specializes in providing environment friendly metallic flexible flow solutions to critical global industries. Acquired by Sat Industries Ltd in April, 2018 AIL’s products include a wide range of metallic flexible hoses and assemblies, providing global specialized industries with products conforming to international quality standards

AIL exports to 80+ countries across Asia, Americas, Europe and Africa, through a diversified go-to-market model. More importantly AIL has over 1700 SKUs in its product portfolio and caters to over 700 customers as on date

AIL’s product categories include braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, composite hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators and related end fittings

AIL is promoted & is part of the diversified SAT Group since 2018 & is headed by Mr Asad Daud Managing Director & Chairman of AIL & Mr Mustafa Abid Kachwala Wholetime Director of AIL. Mr Asad Daud has over 12 years of experience in the manufacturing industry and has played an instrumental role in expanding the domestic and foreign operations for AIL. Mr Mustafa Kachwala has been associated with AIL since 2010 and was re-designated as the Chief Financial Officer with effect from November 28, 2022 & currently looks after the financial affairs of AIL

AIL is now looking at raising Rs 351 crs (at the upper price band) via a fresh issue & OFS primarily to fund working capital requirements, repayment of debt & investments in inorganic business opportunities and balance for general corporate purposes

AIL is making a fresh issue of 15000000 shares of Rs 2 each aggregating Rs 162 crs. Also AIL will be making a OFS of 17500000 shares aggregating Rs 189 crs. The net offer to the public is 15000000 shares offered in a price band of Rs 102-108 per share. 52.50 lac shares to retail, 22.50 lac shares to the NonInstitutional HNI category & 75 lacs share to QIBs. The shares will be listed on the stock exchanges being BSE Limited & National Stock Exchange of India Limited (NSE Limited)

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