Issuance of 30,10,398 equity shares of the Company having a face value of Rs. 2 each at an issue price of Rs. 182.70 per equity shares (including premium), by way of preferential issue to non-promoters, subject to receipt of necessary regulatory and statutory approvals, as may be required.
AEROFLEX · price
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Aeroflex Industries Limited is issuing 30,10,398 equity shares (face value Rs. 2 each) at an issue price of Rs. 182.70 per share, including a premium of Rs. 180.70 per share. The total issue size comes to approximately Rs. 55 crore. These shares will be allotted to non-promoters on a preferential basis, subject to necessary regulatory and statutory approvals.
Existing shareholders may see some dilution of their stake due to the new share issuance. However, the shares are being allotted at a significant premium over face value, which is generally seen as a positive signal about investor confidence in the company's valuation.