Ashish Kacholia & his investment firm were allotted 8,21,018 shares of this small-cap company; Trades at high ROE & high ROCE
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In the allotment, an ace investor, Ashish Kacholia, was allocated 4,10,509 shares. Additionally, his investment firm, Bengal Finance and Investment Pvt Ltd, was allocated 4,10,509 shares.
Today, shares of Aeroflex Industries Limited jumped 7.61 per cent to Rs 185.85 per share, up from its previous close of Rs 172.70 per share. The stock’s 52-week high is Rs 271.60 per share and its 52-week low is Rs 145.05 per share.
The Board of Directors approved the preferential allotment of 30,10,398 fully paid-up equity shares (face value of Rs 2 each) to six non-promoter investors. Issued for Rs 182.70 per share (including a Rs 180.70 premium), the allotment generated a total consideration of approximately Rs 55 crore on a private placement basis. These new shares, issued in compliance with SEBI ICDR Regulations, will rank pari passu with existing equity, carrying the same voting and dividend rights.
In the allotment, an Ace Investor, Ashish Kacholia, was allocated 4,10,509 shares. Additionally, his investment firm, Bengal Finance and Investment Pvt Ltd, was allocated 4,10,509 shares.
About the Company
Aeroflex Industries Limited, established in 1993 as part of Sat Industries Limited, is a prominent Indian manufacturer specialising in environmentally friendly metallic flexible flow solution products made primarily from stainless steel. The company offers a diverse range of 2,777 Stock Keeping Units (SKUs), catering to controlled flow applications across various industries. Their focus on metallic flexible flow solutions positions them as a key player in this specialised manufacturing sector in India.
The promoters own 66.99 per cent stake, FIIs own 0.99 per cent stake, DIIs own 3.55 per cent stake and the remaining 28.46 per cent is owned by public shareholders. The company has a market cap of over Rs 2,400 crore. The shares of the company have an ROE of 17 per cent and an ROCE of 22 per cent. The stock is up by 28 per cent from its 52-week low of Rs 122.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.