IPO
Aeroflex Industries raises Rs.75-Cr from investors ahead of Rs.350-Cr IPO
Investors, including Ashish Kacholia, Jagdish Master, have picked up stakes in Mumbai-based Aeroflex Industries ahead of its initial public offering (IPO). Aeroflex had filed its draft papers with the capital markets regulator Sebi in April to raise about INR 350 crore via an IPO. Other investors who bought a stake in the company are Vikas Khemani, Rosy Blue India, VPK Global Ventures Fund, Samedh Trinity Partners, Shyam Agarwal, Mitul Prafulbhai Mehta and Rajnik Savaliya. All the investors put together have bought over 7% stake in Aeroflex for about INR 75 crore over two months. Aeroflex exports metallic flexible flow solutions to more than 85 countries, with exports accounting for more than 80% of the company's revenues.
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