sorry for the echo though, something wrong with my laptop's mic apparently. My dog spilled water on it lol
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Ipo analysis for Aeroflex Industries coming up
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What does the company do?
Aeroflex Industries, a subsidiary of SAT Industries, manufactures and supplies environment friendly metallic flexible flow solution products. In simpler words, pipes and hose (hose, not the other word you’re thinking).
Aeroflex Industries, a subsidiary of SAT Industries, manufactures and supplies environment friendly metallic flexible flow solution products. In simpler words, pipes and hose (hose, not the other word you’re thinking).
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About the issue
The IPO closes on 24th August, tomorrow.
IPO size - 351 crores, out of which 162 crores is a fresh issue and 189 crores is an offer for sale.
Issue price: 102-108 per share
Lot sizes
Retail - 130 shares
Small HNI - 1950 shares
BHNI - 9360 shares
The IPO closes on 24th August, tomorrow.
IPO size - 351 crores, out of which 162 crores is a fresh issue and 189 crores is an offer for sale.
Issue price: 102-108 per share
Lot sizes
Retail - 130 shares
Small HNI - 1950 shares
BHNI - 9360 shares
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Financials
The revenue of the company grew from 144 crores in 2020 to 269 crores in 2023. A decent CAGR of 17%.
The real growth came in profits as they grew from 4.69 crores to 30 crores in the same period.
The P/E ratio at issue price is 40x (high but we dont care). Return on equity was 27%.
The revenue of the company grew from 144 crores in 2020 to 269 crores in 2023. A decent CAGR of 17%.
The real growth came in profits as they grew from 4.69 crores to 30 crores in the same period.
The P/E ratio at issue price is 40x (high but we dont care). Return on equity was 27%.
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Most important
The demand in the grey market is really good with the latest GMP being 63%.
The subscription numbers on day 1 were through the roof, esp given its small size of issue.
I would be aggressively applying for this IPO.
Further, this IPO has shareholder quota so if you held shares of SAT industries prior to 11 August, you may apply in both shareholder and retail category to increase your chances of allotment.
HNI cannot apply under the shareholder category.
The demand in the grey market is really good with the latest GMP being 63%.
The subscription numbers on day 1 were through the roof, esp given its small size of issue.
I would be aggressively applying for this IPO.
Further, this IPO has shareholder quota so if you held shares of SAT industries prior to 11 August, you may apply in both shareholder and retail category to increase your chances of allotment.
HNI cannot apply under the shareholder category.
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IPOs and more - by The Momentum Investing Co.
Most important The demand in the grey market is really good with the latest GMP being 63%. The subscription numbers on day 1 were through the roof, esp given its small size of issue. I would be aggressively applying for this IPO. Further, this IPO has…
I think some of you got confused because I made a stupid mistake of using the word prior to 11 Aug. I wanted to use by 11 August here.
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Another good IPO opens today - Vishnu Prakash R Punglia Ltd.
Will share the review of it on Sunday though because I want to finalise as close to the listing date as possible. But overall it is good.
Will share the review of it on Sunday though because I want to finalise as close to the listing date as possible. But overall it is good.
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Probability of allotment
Retail 1/33
Shareholder 1/28
SHNI - 1/126 (this is like getting an admission in IIM A)
BHNI - 1/25
Retail 1/33
Shareholder 1/28
SHNI - 1/126 (this is like getting an admission in IIM A)
BHNI - 1/25
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A question for those who had applied for the Aeroflex IPO under the HNI category using SBI ASBA (netbanking). Did you get a message of your main lien being removed and a lien for 1.96 lakhs created?
Anonymous Poll
4%
Yes
19%
No
77%
Not applicable
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Surprising 🤔 check your net-banking once those who voted no and check the lien amount.
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Vishnu Prakash R Punglia IPO analysis coming up
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What does the company do?
Designing and constructing infra projects for govt and private players.
About the issue
Date: closes tomorrow - 28th August
Size: 309 crores (pretty small sadly)
Price band - 94 to 99 per share
Quota and lot sizes
Retail - 35% (150 shares)
BHNI - 10% (10,200 shares)
SHNI - 5% (2100 shares)
Designing and constructing infra projects for govt and private players.
About the issue
Date: closes tomorrow - 28th August
Size: 309 crores (pretty small sadly)
Price band - 94 to 99 per share
Quota and lot sizes
Retail - 35% (150 shares)
BHNI - 10% (10,200 shares)
SHNI - 5% (2100 shares)
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Financials
Between FY21 to FY23, revenue gree from 487 crores to 1171 crores (CAGR of 55%). During the same time profits grew from 19 crores to 90 crores, a whopping CAGR of 118% p.a.
The company has a return on equity of 38%. Which is higher than all of its listed peers by a strong margin. The next best is HG Infra with 29%.
PE ratio at issue price is 14x.
Between FY21 to FY23, revenue gree from 487 crores to 1171 crores (CAGR of 55%). During the same time profits grew from 19 crores to 90 crores, a whopping CAGR of 118% p.a.
The company has a return on equity of 38%. Which is higher than all of its listed peers by a strong margin. The next best is HG Infra with 29%.
PE ratio at issue price is 14x.
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Demand in the grey market
The IPO has strong demand in the grey market with a GMP of over 54% as of 27th August.
The IPO has strong demand in the grey market with a GMP of over 54% as of 27th August.
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Conclusion
I would be applying for the IPO aggressively.
Note: not investment advice, only for educational purposes.
I would be applying for the IPO aggressively.
Note: not investment advice, only for educational purposes.
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