Aeroflex Industries IPO GMP, Allotment Status: Check Your Application Status Online

Aeroflex Industries IPO GMP, Allotment Status: Check Your Application Status Online

Investors anxiously anticipate the introduction of new companies on the stock exchange, which keeps the initial public offering (IPO) market buzzing with enthusiasm. Aeroflex Industries is one such business that draws investors’ interest. Understanding the Grey Market Premium (GMP) and maintaining tabs on the allotment status become increasingly important for investors as the IPO process moves forward. This article will examine the Aeroflex Industries IPO’s features, define the term “Grey Market Premium,” and show you how to check the status of your application online.

Aeroflex Industries IPO Overview

From August 22 through 24, 2023, over 97 times were subscribed to Aeroflex Industries Limited’s initial public offering (IPO). The book build issue, which was sold at a price range of 102 to 108 per equity share, was a huge success with investors of all types. In the meantime, opinions on the grey market haven’t changed much in relation to the IPO of Aeroflex Industries.

Today’s Aeroflex Industries IPO GMP

Market watchers claim that shares of Aeroflex Industries Limited are currently trading in the grey market at a premium of 70 rupees per equity share. As a result, the Aeroflex Industries IPO grey market premium (GMP) today is 70, unchanged from the 24th of August 2023, when bids were last accepted. In light of the persistently negative sentiment on the stock market during this time, observers remarked that stable GMP is a positive indicator. They claimed that if the trend on Dalal Street reverses, GMP may move northward.

Meaning of this GMP

According to market watchers, the grey market is anticipating that Aeroflex Industries’ IPO listing price would be around 178 ($108 + 70), which is around 65% more than the company’s original pricing range of $102 to $108 per equity share. Therefore, the grey market is indicating that the Aeroflex Industries IPO listing gain would be in the range of 65% prior to the IPO allotment date.

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Date of the Aeroflex Industries IPO allocation

The 29th of August 2023 is the most likely date for Aeroflex Industries’ IPO allocation. People who have applied for the book build issue are urged to log in to the BSE website, bseindia.com, or the website of its registrar to verify the status of their Aeroflex Industries IPO allotment online.

Link Intime India Private Limited is the Aeroflex Industries Initial Public Offering’s official registrar.

A bidder can login and check the progress of the Aeroflex Industries IPO allotment online by visiting the direct BSE link at bseindia.com/investors/appli_check.aspx or the direct Link Intime website.

Here are the steps on how to check your Aeroflex Industries IPO allotment status online:

1. Go to the website of Link Intime India Private Limited.
2. Click on the “IPO Allotment Status” tab.
3. Enter your PAN number and application number.
4. Click on the “Submit” button.