Aeroflex Makes a Stellar Debut on the Indian Stock Exchanges with a Record-Breaking IPO and is Now Scouting Inorganic Growth Opportunities in the USA.
[Mumbai, 15th Sep 2023]
Aeroflex Industries Ltd, the leading Indian manufacturer of flexible hoses and assemblies and an active member of NAHAD is thrilled to announce the resounding success of its recent Initial Public Offering in India that has made headlines across the financial world and represents a significant milestone in the company's journey.
The Aeroflex IPO garnered an overwhelming response, with an astounding 97 times subscription rate, translating to an impressive $2.95 billion in investor interest. The combined funds raised amounted to a total of $51.3 million.
This historic IPO witnessed unprecedented enthusiasm from investors, surpassing multiple subscription benchmarks. Notably, the Aeroflex IPO received an extraordinary 2.7 million applications, marking it as the IPO with the highest number of applications received in 2023 (till date), according to stock exchange disclosures.
On August 31st, 2023, Aeroflex Industries Ltd made its highly anticipated debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with an opening price of $2.37 on BSE, commanding a premium of 82.78% over the IPO issue price over the IPO issue price of $1.3 per share.
Aeroflex Industries Ltd, buoyed by the success of its IPO, is now focused on the next phase of its growth journey. The company is actively seeking strategic growth opportunities in the United States’ flexible hose / flow solutions industry. As part of this expansion strategy, Aeroflex is keen to explore collaborative ventures, strategic investments, acquisitions, and joint ventures with US-based hose manufacturers, distributors and hose assembly fabricators.
This strategic move aligns with Aeroflex's commitment to innovation, excellence, and customer satisfaction. By forging partnerships and investments in the US market, Aeroflex aims to further strengthen its global presence and deliver cutting-edge solutions to its valued customers.
Aeroflex Industries invites potential partners and stakeholders to reach out and explore opportunities for mutual growth and success. The company's track record of success and its dedication to innovation make it a compelling partner in the hose manufacturing industry.
For inquiries and collaboration opportunities, please contact:
Aeroflex Industries Ltd.
+91 99300 00399
About Aeroflex Industries Ltd:
Aeroflex Industries Ltd is a leading Indian manufacturer and supplier of high-quality hoses and hose assemblies possessing one of the world’s largest manufacturing plants for flexible metal hoses and a host of prestigious quality certifications. With a focus on innovation, quality, and customer satisfaction, Aeroflex has established itself as a trusted name in the industry. Backed by strong leadership and a commitment to excellence, the company is poised for continued growth and success.