Aeroflex Industries Ltd - IPO

Aeroflex Industries Ltd IPO Details

Initial public offer of 32,500,000^ equity shares of face value Rs. 2/- each (Equity Shares) of Aeroflex Industries Limited for cash at a price of Rs. 108/- per equity share (including a share premium of Rs. 106/- per equity share) (the Offer Price), aggregating Rs. 351.00 crores (Offer) comprising of a fresh issue of 15,000,000^ equity shares aggregating Rs. 162.00 crores by the company (Fresh Issue) and an offer for sale of 17,500,000 equity shares aggregating to Rs. 189.00 crores comprising of 17,500,000 equity shares by Sat Industries Limited (Promoter Selling Shareholder) (The Offer for Sale). The offer will constitute 25.13 % of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 2/- each. the offer includes a reservation of 500,000 equity shares, aggregating Rs. 5.40 crores (constituting to 0.39% of the post-offer paid-up equity share capital), for subscription by holding company eligible shareholder. The offer less the reservation portion of holding company eligible shareholder is hereinafter referred to as the net offer. the offer and the net offer constitute 25.13% and 24.74% of the post-offer paid-up equity share capital.

Objective of issue

Full or part repayment and/or prepayment of certain outstanding secured borrowings(including foreclosure charges, if any)availed by the company. Funding working capital requirements of the company. General corporate purposes and Unidentified inorganic acquisitions.

Aeroflex Industries Ltd Contact Details

Aeroflex Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - corporate@aeroflexindia.com

Website - www.aeroflexindia.com