Aeroflex Industries IPO allotment: Follow these steps to check application

 Aeroflex Industries, a leading manufacturer of flexible hoses and fittings, is going public with its initial public offering (IPO) on September 1, 2023. The company has fixed the price band of its IPO at Rs 485-488 per share, and aims to raise Rs 460 crore from the issue. The IPO was subscribed 176.85 times on the last day of bidding, indicating a strong demand from investors.

If you have applied for the Aeroflex Industries IPO, you might be eager to know the status of your application. Here are the steps you can follow to check whether you have been allotted any shares or not:

- Visit the website of the registrar of the IPO, which is Link Intime India (https://linkintime.co.in/ipo/public-issues.html).

- Select Aeroflex Industries Limited from the drop-down menu and enter your PAN, application number, or DP ID/Client ID.

- Click on the 'Submit' button and view the details of your allotment.

- Alternatively, you can also visit the website of BSE (https://www.bseindia.com/investors/appli_check.aspx) and select Equity and Issue Name as Aeroflex Industries Limited.

- Enter your application number and PAN and click on the 'Search' button to view your allotment status.

The refund or unblocking of funds for unsuccessful applicants will be done by September 6, 2023. The credit of shares to the demat accounts of successful applicants will be done by September 7, 2023. The listing and trading of shares will commence on September 8, 2023.

Aeroflex Industries is a profitable and debt-free company with a strong presence in the domestic and international markets. The company has a diversified product portfolio catering to various sectors such as oil and gas, power, steel, chemical, pharmaceutical, etc. The company has a robust distribution network with over 200 dealers across India and exports to over 25 countries.

The company intends to use the net proceeds from the IPO for expansion of its manufacturing facilities, working capital requirements, and general corporate purposes. The company expects to benefit from the increasing demand for flexible hoses and fittings in various industries due to their advantages such as durability, corrosion resistance, ease of installation, etc.

The IPO of Aeroflex Industries is one of the most anticipated public issues of this year and has received positive reviews from analysts and investors. If you have applied for this IPO, we hope you get a good allotment and enjoy the listing gains. Happy investing!