AEROFLEX

March 19 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• UNIT AEROFLEX INDUSTRIES, U.K, STANDS DISSOLVED

Source text: [ID:]

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** Shares of Aeroflex Industries AERO.NS rise exchange-allowed maximum of 20% to 223.35 rupees

** Metallic tube and hose maker on Wednesday reported 68.3% Y/Y rise in Q3 consol profit while rev from ops rose 36.5% Y/Y

** Share price currently above 50-day, 100-day and 200-day exponential moving averages

** Stock witnessing most active trading session since Jan. 11, 2024, with more than 8.9 mln shares changing hands, 9x of 30-day avg

** Stock rose 30.4% in 2024

(Reporting by Ashish Chandra in Bengaluru)

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Jan 9 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• AEROFLEX INDUSTRIES LTD - TO CONSIDER AND APPROVE EXPANSION PLAN

Source text: ID:nBSE5517kj

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Oct 30 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• AEROFLEX INDUSTRIES - RE-APPOINTS MUSTAFA ABID KACHWALA AS CFO

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** Shares of India's Aeroflex Industries AERO.NS down 4.7% after falling as much as 5% earlier in the session

** Co's consolidated profit drops about 20% as a surge in costs overpower rev rise

** Stock on track to decline for the third straight session

** YTD stock has shed ~9%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 6 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• DIVIDEND OF 0.25 RUPEE PER SHARE

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** Shares of Aeroflex Industries AERO.NS up 5.6%, paring some gains after rising as much as 7.2% to hit day's high of 140.25 rupees

** Metallic tube and hose maker said that the board has approved to buy complete stake in Hyd-Air Engineering, which makes hydraulic fittings for 172.1 mln rupees ($2.1 mln)

** Co plans to invest about 180 mln rupees in Hyd-Air to increase the production capacity over the next two-three years

** More than 1.1 mln shares change hands by 12:45 p.m. IST, 2.3x the 30-day avg

** Stock on track for a third consecutive session of gains, if trend holds

** Including session's move, stock down 10.8% YTD

($1 = 83.3390 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Aeroflex Industries AERO.NS up 2.2%, paring some gains after rising as much as 3.7% to hit day's high of 130 rupees

** Indian metallic tube and hose maker says installed capacity rose to 13.5 million meters per annum; Phase II expansion completed

** Phase II expansion to increase capacity to 16.5 million meters per annum; expected by Dec with investment worth upto 390 million rupees (nearly $5 million)

** Stock trading below its 50- and 200-day moving averages since early Feb

** More than 337,000 shares change hands, 0.8x the 30-day avg

** Stock down 21.5% since listing in Aug 2023

($1 = 83.1161 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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March 20 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• INSTALLED CAPACITY INCREASED TO 13.5 MILLION METERS P.A., PHASE 1 EXPANSION IS COMPLETED

• PHASE II EXPANSION TO INCREASE INSTALLED CAPACITY FROM 13.5 MILLION METERS P.A. TO 16.5 MILLION METERS P.A.

• PHASE II EXPANSION PLAN EXPECTED TO COMPLETE BY DEC WITH INVESTMENT OF ABOUT 390 MILLION RUPEES

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Nov 3 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• INDIA'S AEROFLEX INDUSTRIES LTD SEPT-QUARTER CONSOL PROFIT 115.8 MILLION RUPEES VERSUS PROFIT 75.2 MILLION RUPEES

• AEROFLEX INDUSTRIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 840.8 MILLION RUPEES VERSUS 681.5 MILLION RUPEES

Source text for Eikon: ID:nBSE8gdpWL

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Oct 25 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• TO CONSIDER AND APPROVE PLAN FOR SETTING UP A SEPARATE PROJECT FOR METAL BELLOWS

Source text for Eikon: ID:nBSE4Vt62Z

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BENGALURU, Sept 27 (Reuters) - Indian commercial port operator JSW Infrastructure received bids worth 606.13 billion rupees ($7.29 billion) in its initial public offering (IPO), exchange data showed on Wednesday.

The JSW Group-owned company received bids for 5.09 billion shares at between 113 and 119 rupees, 37.37 times more than the 136.3 million shares offered, National Stock Exchange data showed, with institutional investors showing the most interest.

The IPO of India's second-largest commercial port operator in terms of cargo handling capacity was JSW Group's first since JSW Energy in 2010, and comprised of fresh issue of shares worth up to 28 billion rupees.

JSW Energy JSWE.NS debuted in January 2010, and has since risen more than four-fold in value.

JSW Infra, which competes with Adani Ports APSE.NS and Gujarat Pipavav Port GPPL.NS, is due to be listed on Indian exchanges next week.

The company plans to use proceeds from the IPO to repay certain borrowings and invest in expansion projects at its units JSW Jaigarh Port and JSW Mangalore Container Terminal. It had a net debt of 22.16 billion rupees as of March 31, 2023.

It also plans to expand its operational capacity to up to 300 million tonnes per annum (MTPA) across its ports and terminals by 2030 from around 158 MTPA currently.

In comparison, Adani Ports had a total operating capacity of 558 MMTPA as on March 31.

JSW Infra's profit for fiscal 2023 more than doubled to 7.50 billion rupees year-on-year, while its revenue from operations rose 40.6% to 31.95 billion rupees, its IPO prospectus showed.

The listing would follow successful debuts by companies like Aeroflex Industries AERO.NS and Concord Biotech CONB.NS in the past few days owing to improved domestic appetite, and robust foreign and domestic fund inflows.

($1 = 83.1854 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Varun H K)

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Corrects paragraph 2 of Aug. 31 story to drop erroneous reference to the company operating in the aviation sector

By Hritam Mukherjee and Rama Venkat

BENGALURU, Aug 31 (Reuters) - Shares of India's Aeroflex Industries AERO.NS surged as much as 82% in their trading debut on Thursday before settling 51% higher, valuing the company at $255 million and making it the latest stock to notch up strong gains in first-day trading.

Aeroflex makes metallic tubes, hoses and other products that are mainly exported for use in industries ranging from fire-fighting to refineries.

The initial public offering, which was subscribed 97.1 times, raised 3.51 billion rupees following strong demand from investors.

The Mumbai-based company joins Mankind Pharma MNKI.NS and Concord Biotech CONB.NS in a list of companies with stellar market debuts as robust foreign inflows and domestic appetite for new listings boost the confidence of firms heading for the capital market.

Its products are more eco-friendly than rubber or polymer ones as the emissions during manufacturing are 3-5 times lower, Aeroflex Managing Director Asad Daud said.

Aeroflex has the first-mover advantage in its space, which explains the stellar demand in its IPO and trading debut, said Prashanth Tapse, senior vice president of research at Mehta Equities.

Aeroflex's shares opened at a 76% premium to its IPO price of 108 rupees and surged further before easing to end at 163.25 rupees, valuing the company at 21.11 billion rupees.

The stock likely ran into some profit booking, Tapse said.

The company's parent, SAT Industries STIN.NS - a textile-to-finance group - sold shares in the IPO, while well known investor Ashish Kacholia also bought shares ahead of the listing.

Daud said the company plans to repay all its debt with proceeds from the offering. Its outstanding debt was 394.4 million rupees as on July 31.

Aeroflex's profit rose 9.6% in the year ended March 31, 2023, while revenue from operations climbed nearly 12%.

($1 = 82.7635 Indian rupees)

(Reporting by Rama Venkat and Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee, Eileen Soreng and Saumyadeb Chakrabarty)

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Sept 1 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• REPAYED ENTIRE OUTSTANDING KOTAK MAHINDRA BANK LOAN OF 324.9 MILLION RUPEES

• CO IS DEBT FREE AFTER THE PRE-PAYMENT

Source text for Eikon: ID:nNSEbV75c8

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BENGALURU, Aug 31 (Reuters) - Indian metallic tubes and hose maker Aeroflex Industries AERO.NS debuted at 190 rupees in pre-open trade on Thursday, up nearly 76% compared with the initial public offer price of 108 rupees.

(Reporting by Rama Venkat and Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of Sat Industries Ltd STIN.NS rise as much as 10.3% to 80 rupees, their biggest intraday pct gain since May 9

** STIN, a company engaged in several businesses like manufacturing, leasing and finance, says it sold 3.6% stake held in its unit Aeroflex Industries Ltd AERO.NS for 355.8 mln rupees ($4.32 mln)

** If trend holds, stock on track to advance for a second consecutive session

** STIN stock trading above its 50- and 100-day exponential moving averages since May 12

** About 179,105 shares change hands, vs 30-day avg of 562,967 shares - Refinitiv Data

** Stock up 11.3%, YTD

($1 = 82.2930 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

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