The initial public offer (IPO) of Aeroflex Industries will open on August 22 and close on August 24. The anchor investors’ subscription will be done on August 21.
The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. Under the OFS, promoter SAT Industries will offload the 1.75 crore shares.
The company has fixed a price band of Rs 102-108 per share and investors can bid for a minimum of 130 shares in one lot and in multiples thereafter.
Aeroflex Industries exports Make-in-India metallic flexible flow solutions to more than 85 countries, as exports account for more than 80% of the total revenues.
Pyramid Technoplast
The IPO of Pyramid Technoplast, which opened on Friday, received strong response from investors with the subscription rate at 1.61 times. The issue closes on August 22.
The response was overwhelming from across the spectrum of investors, but retail investors showed the maximum interest. The retail portion was subscribed 1.9 times, while the NII category was subscribed 1.06 times.
The IPO comprises a fresh issue of 55 lakh shares and an offer for sale of 37.2 lakh shares. The issue is priced in the range of Rs 151-166.
Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements.
Vishnu Prakash R Punglia
The SME IPO of Vishnu Prakash R Punglia will open for subscription on August 24 and closes on August 28.
The shares are being offered in the range of Rs 94-99 for the IPO, which is completely a fresh issue of Rs 3.12 crore shares, aggregating up to Rs 309 crore.
Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company with experience in design and construction of various infrastructure projects for the central and state government and other autonomous bodies.
Bondada Engineering, Crop Life Science
The two SME IPOs of Bondada Engineering and Crop LifeScience opened for subscription on August 18 and will close on August 22.
While Bondada Engineering issue is a fresh equity of 56.9 lakh shares, which priced at Rs 75, Crop Life Science IPO comprises fresh issue of 51.4 lakh shares, priced at Rs 52.