Aeroflex Industries Ltd has approved a proposal to raise up to ₹400 crore through equity shares via Qualified Institutional Placement (QIP) or other permitted modes. The funds will support strategic expansion, working capital, and corporate needs. A board meeting is scheduled for December 18 to finalize modalities and deployment plans.
Expansion-Focused Fundraising Gains Momentum
Aeroflex Industries Ltd, a leading manufacturer of stainless steel flexible hoses and assemblies, has announced plans to raise up to ₹400 crore through the issuance of equity shares. The fundraising will be executed via Qualified Institutional Placement (QIP) or other SEBI-approved mechanisms, in one or more tranches.
The company’s board approved the proposal during its meeting on December 14, 2024, and has scheduled a follow-up meeting on December 18, 2025, to discuss strategic expansion initiatives and fund deployment.
Aeroflex, which reported a 17.96% rise in net profit and a 12.98% increase in sales in Q2 FY25, aims to leverage this capital infusion to scale operations, enhance manufacturing capabilities, and meet working capital requirements.
The move reflects Aeroflex’s ambition to strengthen its market position amid rising demand for industrial fluid transfer solutions across sectors like oil & gas, chemicals, and infrastructure.
Key Highlights
Fundraising Size: Up to ₹400 crore via equity shares.
Mode: Qualified Institutional Placement (QIP) or other SEBI-compliant routes.
Board Approval Date: December 14, 2024.
Next Meeting: December 18, 2025, to finalize expansion and fund utilization.
Growth Metrics: Q2 FY25 net profit up 17.96%; sales up 12.98%.
Strategic Focus: Expansion, manufacturing enhancement, and working capital support.
Sources:CNBC TV18, ScanX News, Capital Market