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Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times

Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share

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Aeroflex Industries subscribed 97 times

The initial public offering (IPO) of Aeroflex Industries was subscribed 97.07 times on Thursday, the concluding day of the issue. The institutional portion was subscribed 194 times, the wealthy investor portion 126 times, and the retail investor portion 34 times.

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The Mumbai-based company on Monday allotted nearly 9.6 million shares, worth Rs 103.68 crore at Rs 108 apiece, to anchor investors. Some institutions allotted shares under the anchor category were Societe Generale, Nippon India Mutual Fund, Invesco Mutual Fund, Winro Commercial and Universal Sompo General Insurance.

Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share. At the top end, Aeroflex is valued at nearly Rs 1,400 crore. The IPO comprises a fresh fundraise of Rs 162 crore and an offer for sale of Rs 189 crore.
 

VPRPL subscribed 3.7 times on day 1

The initial public offering (IPO) of Vishnu Prakash R Punglia Ltd (VPRPL) was subscribed 3.7 times on Thursday, the first day of the issue.

The institutional investor portion was subscribed 5 per cent, wealthy investor portion 6.3 times, retail investor portion 4.8 times, and employee portion 1.9 times. The company allotted shares worth Rs 91.7 crore to anchor investors. VPRPL is an engineering, procurement and construction firm with experience in designing and constructing various infrastructure projects for government and private bodies. The company is involved in water supply, railways, roads, and irrigation network projects.

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First Published: Aug 24 2023 | 8:35 PM IST

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