Ashish Kacholia-backed IPO trades at Rs 72 premium; Know how to check the allotment status and the expected listing price

If you're wondering about the status of your allotment in the Aeroflex IPO, here's how to check:

The recent public offering (IPO) by Aeroflex Industries Ltd., a company that makes stainless steel flexible hoses, was very popular and got nearly 97 times more applications than shares available.

If you're wondering about the status of your allotment in the Aeroflex IPO, here's how to check:

Using Link Intime Website

1. Go to Link Intime India Private Limited's official website: https://linkintime.co.in/MIPO/Ipoallotment.html.

2. Choose 'Aeroflex Industries Limited' from the dropdown menu (it will appear after allotment is finalized).

3. Select one of these: Application number, Demat Account number, or PAN ID.

4. Enter the requested information.

5. Click on the "Search" button.

6. You can now see your allotment details.

7. Download or print the allotment status for your records.

Using BSE Website:

1. Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.

2. Choose 'Equity' as the issue type.

3. From the dropdown, select "Aeroflex Industries Limited".

4. Enter your application number or PAN (Permanent Account Number).

5. Complete the 'Captcha' verification.

6. Click on the "Search" button to see your allotment status.

7. Download or print the allotment status for your records.

Aeroflex Industries IPO gained a lot of attention from investors, becoming the third most subscribed IPO of 2023 after Ideaforge Technology and Utkarsh Small Finance Bank.

Notably, the IPO was fully subscribed within just one hour on its opening day. The IPO is planned to be listed on both BSE and NSE, with the expected listing date being August 31, 2023.

Aeroflex Industries is known for its environmentally friendly flexible flow solutions. With a diverse product range of over 1,700 items, it serves global markets while catering to various customer needs.

The renowned investor Ashish Kacholia backed IPO according to market pundits is quoting at a premium of Rs 72 in grey market. This means the grey market is expecting the stock to list at price of around Rs 180 which is calculated at the higher end of the price range of Rs 108 + Rs 72 (GMP)= Rs 180.

Aeroflex Industries is expected to finalize the basis of allotment of its shares today i.e., Tuesday, August 29.

Important note: Grey market premium (GMP) changes with time and it is not a final indicator of listing price.