Venture Intelligence (TSJ Media Pvt. Ltd.)
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Aeroflex Industries' Rs.351-Cr IPO subscribed 97 times
The initial public offering (IPO) of Mumbai-based 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. Backed by investor Ashish Kacholia, Aeroflex has priced its issue between INR 102 and INR 108 a share. At the top end, Aeroflex is valued at nearly INR 1,400 crore. The IPO comprises a fresh fundraise of INR 162 crore and an offer for sale of INR 189 crore. Earlier, the company allotted nearly 9.6 million shares, worth INR 103.68 crore at INR 108 apiece, to anchor investors that included Societe Generale, Nippon India Mutual Fund, Invesco Mutual Fund, Winro Commercial, and Universal Sompo General Insurance.
From the Venture Intelligence PE-VC Deal Database: In Mar-08, Aeroflex had raised USD 7 M from Avigo Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.