{"id":2041,"date":"2023-08-02T16:49:45","date_gmt":"2023-08-02T11:19:45","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=2041"},"modified":"2023-08-02T16:49:47","modified_gmt":"2023-08-02T11:19:47","slug":"aeroflex-industries-gets-sebis-clearance-to-float-ipo","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/aeroflex-industries-gets-sebis-clearance-to-float-ipo\/","title":{"rendered":"Aeroflex Industries gets Sebi\u2019s clearance to float IPO"},"content":{"rendered":"\n

The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities \u2014 Sat Industries and It\u00e1lica Global FZC, according to the draft red herring prospectus (DRHP).<\/p>\n\n\n\n

Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator Sebi\u2018s go ahead to raise funds through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities \u2014 Sat Industries and It\u00e1lica Global FZC, according to the draft red herring prospectus (DRHP).<\/p>\n\n\n\n

The OFS comprises sale of 1.23 crore shares by Sat Industries Ltd and up to 52 lakh shares by It\u00e1lica Global FZC. At present, Sat Industries owns 92.18 per cent stake in the company, while It\u00e1lica Global FZC holds 6.52 per cent stake. \u201cWe have been informed by Aeroflex Industries Ltd, our subsidiary, that it has got clearance from the Securities and Exchange Board of India (Sebi) for its IPO, subject to the submission of requisite documents as per the final observation letter dated July 31,\u201d Sat Industries said in a regulatory filing on Wednesday.<\/p>\n\n\n\n

Going by the draft papers, proceeds from the fresh issue will be utilised to the extent of Rs 35 crore for the payment of debt, Rs 84 crore for funding its working capital requirements, and a certain amount will be used for general corporate purposes and acquisitions. According to merchant banking sources, the size of the IPO is estimated at Rs 350 crore.<\/p>\n\n\n\n

The Mumbai-based Aeroflex 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, the US & others and generates 80 per cent of its revenue from exports.<\/p>\n\n\n\n

For fiscal 2022, Aeroflex generated consolidated revenue from operations at Rs 240.8 crore and profit after tax (PAT) was at Rs 27.5 crore. Panto math Capital Advisors is the sole book-running lead manager to the issue. The company\u2019s equity shares are proposed to be listed on the BSE and NSE.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

Eqwires Research Analyst<\/a><\/strong><\/h3>\n\n\n\n

Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n

Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n

info@eqwires.com<\/a><\/p>\n\n\n\n

Telegram <\/a>| Facebook <\/a>| Twitter<\/a><\/strong><\/p>\n\n\n\n

Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n

www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities \u2014 Sat Industries and It\u00e1lica Global FZC, according to the draft red herring prospectus (DRHP). Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator Sebi\u2018s go ahead to raise funds through an initial share-sale. The initial public offering … Continue reading “Aeroflex Industries gets Sebi\u2019s clearance to float IPO”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-2041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-tips","category-intraday-trading-tips-strategies","category-investment-adviser","category-investments","category-it-industry","category-jackpot-intraday-tips","category-most-accurate-stock-tips-provider","category-most-successful-intraday-strategy","category-most-successful-intraday-tips-provider","category-most-successful-stock-advisor-in-india","category-most-successful-stock-advisors-in-india","category-news","category-nifty-intraday-trading-tips","category-nse-fo","category-operator-based-calls","category-politics","category-portfolio-management-services","category-promotions","category-sebi-registered-advisory-company","category-sebi-registered-advisory-company-in-india","category-sebi-registered-best-investment-advisory","category-sebi-registered-intraday-tips-provider-list","category-sebi-registered-investment-advisor","category-sebi-registered-research-analyst","category-share-market-tips","category-stock-market","category-stock-market-basics","category-stock-market-expert-in-india","category-stock-market-tips","category-stock-market-tips-india","category-stock-tips","category-sure-shot-intraday-tips","category-sureshot-tips-provider","category-top-10-advisory-company","category-top-10-intraday-tips-provider-in-india","category-top-10-sebi-registered-stock-advisory-company-in-india","category-top-10-share-market-advisor-in-india","category-top-10-stock-advisory-firms-in-india","category-top-rated-investment-advisor","category-top-rated-sebi-registered-stock-tips-provider","category-top-rated-telegram-channel-for-stock-market-tips-in-india","category-top-stock-advisory-services","category-top-stock-advisory-services-in-india","category-top-stock-market-advisors","category-truth-about-fii-based-calls","category-truth-about-jackpot-intraday-tips","category-truth-about-operator-sureshot-calls","tag-1-in-list-of-sebi-registered-advisory-companies","tag-1-stock-adviser-in-india","tag-100-accurate-intraday-technique","tag-100-profitable-intraday-tips","tag-100-sureshot-calls-provider","tag-100-sureshot-operator-calls","tag-100-sureshot-tips-provider","tag-accurate-stock-tips","tag-accurate-stock-tips-provider","tag-bank-nifty-options-tips-provider","tag-bank-nifty-trading-tips","tag-best-advisory-company-for-beginners","tag-best-banknifty-tips-provider-in-india","tag-best-equity-portfolio-management","tag-best-equity-tips-provider-in-india","tag-best-ethical-investment-advisor","tag-best-index-futures-services","tag-best-index-options-services","tag-best-intraday-advisory-in-india","tag-best-intraday-call-provider","tag-best-intraday-calls-provider","tag-best-intraday-jackpot-calls","tag-best-intraday-paid-service","tag-best-intraday-research-company","tag-best-intraday-tips","tag-best-intraday-tips-advisor-in-india","tag-best-intraday-tips-in-indian-stock-market","tag-best-intraday-tips-on-telegram","tag-best-intraday-tips-provider","tag-best-intraday-tips-site-in-india","tag-best-intraday-tips-telegram-channel","tag-best-investment-adviser-in-india","tag-best-investment-advisor-in-india","tag-best-jackpot-tips-provider","tag-best-nifty-future-tips-provider-in-india","tag-best-nifty-options-tips-provider","tag-best-nifty-tips-provider-in-india","tag-best-online-trading-tips","tag-best-option-trading-telegram-channel","tag-best-options-tips-on-telegram","tag-best-options-tips-provider","tag-best-options-tips-provider-in-india","tag-best-options-trading-tips-provider","tag-best-performing-pms-in-india","tag-best-pms-company-in-india","tag-best-pms-in-india","tag-best-portfolio-management-services-in-india","tag-best-returns-in-pms","tag-best-sebi-registered-advisory-company","tag-best-sebi-registered-investment-advisor","tag-best-sebi-registered-research-analyst","tag-best-sebi-registered-stock-advisory-company","tag-best-sebi-registered-telegram-channel","tag-best-share-market-advisor-in-india","tag-best-share-market-advisory-company-in-india","tag-best-share-market-consultants-in-india","tag-best-share-market-intraday-tips","tag-best-share-market-tips","tag-best-share-market-tips-provider-in-india","tag-best-share-tips-provider","tag-best-share-trading-tips-provider-in-india","tag-best-stock-advisor","tag-best-stock-advisor-website-in-india","tag-best-stock-advisor-websites","tag-best-stock-advisor-websites-in-india","tag-best-stock-advisory-company-in-india","tag-best-stock-market-advisory-services-in-india","tag-best-stock-market-telegram-channel","tag-best-stock-market-tips-provider-service","tag-best-stock-recommendation-service","tag-best-stock-recommendation-service-in-india","tag-best-stock-tips-advisory-company-in-india","tag-best-stock-tips-company-in-india","tag-best-stock-tips-provider","tag-best-stock-tips-provider-company-in-india","tag-best-stock-tips-provider-in-india","tag-best-stock-tips-provider-in-telegram","tag-best-telegram-channel-for-indian-stock-market","tag-best-telegram-channel-for-intraday-tips","tag-best-telegram-channel-for-stock-market-tips-in-india","tag-best-telegram-channel-for-swing-trading","tag-best-telegram-channel-of-stock-market","tag-best-tips-provider-in-india","tag-best-trading-tips-provider-in-india","tag-daily-stock-tips-intraday","tag-eqwires-best-intraday-tips-provider-in-india","tag-eqwires-best-investment-advisor-in-india","tag-eqwires-best-option-trading-telegram-channel","tag-eqwires-best-sebi-registered-investment-advisor","tag-eqwires-best-sebi-registered-research-analyst","tag-eqwires-best-sebi-registered-telegram-channel","tag-eqwires-best-stock-advisor-websites-in-india","tag-eqwires-best-stock-tips-provider-on-telegram","tag-eqwires-genuine-stock-tips-provider","tag-eqwires-high-accuracy-stock-tips-provider","tag-eqwires-most-successful-stock-advisors-in-india","tag-ethical-sebi-registered-investment-advisor","tag-fo-intraday-trading-tips","tag-fact-about-jackpot-tips-in-stock-market","tag-fii-operator-calls","tag-free-intraday-stock-tips-for-tomorrow","tag-free-intraday-trading-tips","tag-genuine-account-management-services","tag-genuine-equity-advisory-company","tag-genuine-fo-trading-call","tag-genuine-fo-trading-calls","tag-genuine-intraday-tips-provider","tag-genuine-sebi-registered-advisory-company","tag-genuine-stock-tips-provider","tag-how-can-i-make-profit-in-intraday-trading","tag-how-to-earn-profit-from-intraday-trading","tag-how-to-earn-profit-in-stock-market","tag-how-to-make-profit-in-intraday-trading-in-stock-market","tag-indias-top-rated-stock-tips-provider","tag-indian-stock-market-tips-for-intraday","tag-intraday-breakout-trading-strategy","tag-intraday-calls-in-stock-future","tag-intraday-calls-in-stock-market","tag-intraday-stock-advisory-services","tag-intraday-sureshot-tips","tag-intraday-sureshot-tips-provider","tag-intraday-telegram-channel","tag-intraday-tips","tag-intraday-trading-advisor","tag-intraday-trading-in-share-market","tag-intraday-trading-tips","tag-intraday-trading-tips-strategies","tag-intraday-trading-tips-and-strategies","tag-intraday-trading-tips-in-stock-market","tag-investment-adviser","tag-jackpot-intraday-tips","tag-jackpot-options-tips","tag-list-of-top-10-stock-advisory-company-in-india","tag-most-accurate-intraday-tips-provider","tag-most-accurate-intraday-trading-tips","tag-most-accurate-stock-tips-provider","tag-most-accurate-stock-tips-provider-in-india","tag-most-accurate-trading-tips","tag-most-reliable-intraday-tips-provider","tag-most-successful-advisory-company-in-india","tag-most-successful-advisory-company-in-stock-market","tag-most-successful-intraday-strategy","tag-most-successful-stock-advisors-in-india","tag-nifty-future-intraday-calls","tag-nifty-future-tips-provider","tag-nifty-intraday-trading-tips","tag-nifty-trading-tips","tag-no-1-sebi-registered-tips-provider","tag-nse-fo","tag-portfolio-management-services","tag-profit-making-intraday-calls","tag-reliable-advisory-company-in-india","tag-reliable-portfolio-management-services","tag-reliable-sebi-registered-tips-provider","tag-sebi-registered-advisor","tag-sebi-registered-advisory-company","tag-sebi-registered-advisory-company-in-india","tag-sebi-registered-best-intraday-tips-provider","tag-sebi-registered-best-investment-advisory","tag-sebi-registered-intraday-tips-provider","tag-sebi-registered-intraday-tips-provider-list","tag-sebi-registered-investment-advisor","tag-sebi-registered-research-analyst","tag-sebi-registered-top-10-advisory-company","tag-share-market-tips","tag-share-market-trading-tips-telegram-channel","tag-simple-day-trading-strategy","tag-stock-market-expert-advice","tag-stock-market-expert-advisor","tag-stock-market-expert-advisor-in-india","tag-stock-market-expert-in-india","tag-stock-market-telegram-channel","tag-stock-market-tips-india","tag-strategy-for-wealth-management-and-financial-planning","tag-successful-intraday-trading-strategies","tag-sureshot-intraday-tips","tag-sureshot-tips-provider","tag-top-10-advisory-company","tag-top-10-intraday-tips-provider-in-india","tag-top-10-sebi-registered-stock-advisory-company-in-india","tag-top-10-share-market-advisor-in-india","tag-top-10-stock-advisory-firms-in-india","tag-top-performing-pms-in-india","tag-top-rated-portfolio-management-services","tag-top-rated-sebi-registered-stock-advisory-firms","tag-top-rated-telegram-channel-for-stock-market-tips-in-india","tag-top-stock-advisory-services-in-india","tag-top-stock-market-advisors","tag-top-trading-tips-companies-in-india","tag-truth-about-fii-based-calls","tag-truth-about-jackpot-intraday-tips","tag-truth-about-operator-calls","tag-truth-about-operator-sureshot-calls","tag-which-is-the-best-stock-advisory-company-in-india"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/2041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=2041"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/2041\/revisions"}],"predecessor-version":[{"id":2042,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/2041\/revisions\/2042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/631"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=2041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=2041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=2041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}