Aeroflex Industries’ IPO was oversubscribed 97x, with QIBs 194.73x, Non-Institutional 126.10x and Retail 34.35x. Promoter Sat Industries raised ₹104cr from anchor investors, proceeds to be used for debt payment, working capital & acquisitions.

Aeroflex Ind IPO subscribed 97 times

Aeroflex, which manufactures stainless steel flexible flow solutions, filed a draft red herring prospectus with Sebi in April to raise around Rs 350 crore via IPO

SAT industries rises after subsidiary Aeroflex gets IPO nod

According to the NSE, Societe Generale picked up 16,10,437 equity shares of Sat Industries on Thursday at an average price of Rs 85.05 apiece, aggregating to Rs 13.69 crore.

Sat Industries shares jump 12% as Society Generale picks up stake

The Europe-based financial services group has bought 16.1 lakh shares, or 1.42 percent stake, in SAT Industries at an average price of Rs 85.05 a share

SAT Industries hits 52-week high as Societe Generale picks 1.4% stake

Sat Industries, the promoter of Aeroflex, said that it has sold a total of 7.6 per cent stake of the IPO-bound firm to select investors and garnered a total of Rs 76.14 crore before the IPO.

Ashish Kacholia, Vikas Khemani pick up stake in IPO-bound Aeroflex Industries

SAT Industries sold a 3.55 percent stake in Aeroflex Industries to Carnelian Structural Fund managed by Khemani and others for Rs 35.58 crore

SAT Industries zooms 8% as Vikas Khemani’s fund buys stake in subsidiary

SAT Industries sold 4.05 percent equity shares held in its material subsidiary, Aeroflex Industries Ltd, to Ashish Kacholia and Bengal Finance & Investments Private Ltd for an aggregate amount of Rs 40.56 crore.

SAT Industries gains over 3% as ace investor Ashish Kacholia picks stake

Buzzing stocks of IOC, Bharti Airtel, LIC Housing, Bank of Baroda, Jindal Steel & Power, Chemplast Sanmar, Eiko Life, CreditAccess, Granules India, Paris Defence, HDFC, SAT Industries, Jupiter Wagons, Rajoo Engineers, HDFC, Vedanta

Stocks to watch on May 16, 2023

The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities -- Sat Industries and Italica Global FZC, according to the draft red herring prospectus (DRHP).

Aeroflex Industries Files Draft Papers To Raise Rs 350 Cr Via IPO

Cool Caps Industries Ltd., Sat Industries, Radaan Media, Varanium Cloud Ltd. and Felix Industries, hit their fresh 52-week highs at 10:45AM.

Stock market update: Stocks that hit 52-week highs on NSE

The board of SAT Industries approved offloading stake in Genext Students to Navneet Futuretech.

SAT Inds to sell stake in Genext Students

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sat Industries Limited is engaged in the business of general trading mainly fabric, and leasing of machinery and molds. It also makes Polypropylene (PP) Woven Bags and Sacks.