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Aeroflex Industries Limited’s first public offering (IPO) was oversubscribed 97 times in three days of bidding from August 22nd to August 24th, 2023. The book build issue was issued in a price range of 102 to 108 per equity share and got a positive response from investors across the board. Meanwhile, grey market opinion towards Aeroflex Industries’ IPO has remained consistent.
GMP Aeroflex Industries IPO today
According to market experts, shares of Aeroflex Industries Limited are now available in the grey market for a premium of 70 per equity share. This implies that the Industries IPO grey market premium (GMP) today is 70, and it has been steady since the 24th of August 2023, when it was last bid on. According to observers, constant GMP is a positive indicator because stock market confidence has been poor over this period. They predicted that GMP would shift north if the trend on Dalal Street reversed.
What does this GMP mean?
According to market experts, Aeroflex Industries’ IPO GMP today is ₹70, which implies the grey market expects Aeroflex Industries IPO listing price to be about ₹178 (₹108 + ₹70), which is approximately 65 percent higher than Industries IPO pricing band of ₹102 to ₹108 per equity share. So, ahead of the Industries IPO allotment date, the grey market is predicting a 65% return on the Industries IPO listing.
Date of Industries first public offering
The most likely date for Aeroflex Industries’ IPO allocation is August 29, 2023. Those who applied for the book build issue are recommended to monitor the Industries IPO allotment status online by logging in at the BSE website — bseindia.com — or the registrar’s website. Link Intime India Private Limited is the Industries IPO’s official registrant. A bidder may check Industries IPO allotment status online by logging in at the direct BSE website — bseindia.com/investors/appli_check.aspx or the direct website Intime web connection — linkintime.co.in/mipo/ipoallotment.html.