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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Working capital funding
Funds set aside to meet the company's ongoing working capital requirements.
Repayment of borrowings
Prepayment or repayment of certain outstanding secured borrowings of the company.
General corporate purposes
The remaining net proceeds to be used for general corporate purposes.
(₹ in Crore)
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Aeroflex Industries Limited manufactures and supplies environment friendly metallic flexible flow solution products, including flexible hoses, bellows and related connectors used across industries such as oil and gas, marine, automotive, chemical processing and general engineering. The company positions itself as a specialist supplier of engineered flow-control components rather than a broad industrial goods maker. The company was incorporated in 1993, originally under the name Suyog Intermediates Private Limited, and its manufacturing operations are based out of Taloja in Navi Mumbai, Maharashtra. Over time it has built a substantial export franchise, shipping products to more than 80 countries, with exports accounting for more than 80 percent of total revenue and a meaningful share of that concentrated in the United States. The company also holds Export Oriented Unit status, which brings certain duty and tax benefits tied to its export business. Within its niche of engineered flexible metallic flow products, the company describes itself as holding a near monopoly position domestically, supported by steady growth in revenue and profit over recent years and a consistent history of paying dividends to shareholders. Its business model depends on a single manufacturing facility and a concentrated base of raw material suppliers, with a large share of inputs sourced from China, which are structural factors that shape its operating and supply chain risk profile.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 18 July 2026, 5:30 AM
Dominant market position
The company holds a near monopoly position in its niche segment of engineered flexible metallic hose manufacturing, supporting pricing power and customer stickiness.
Consistent financial growth
Revenue and profitability have grown steadily over recent years, reflecting scaling operations and improving efficiency.
Strong export franchise
More than 80 percent of revenue comes from exports across over 80 countries, diversifying the business well beyond the domestic market.
Export incentive benefits
The company's Export Oriented Unit status provides duty and tax advantages that support margins on its export business.
Track record of dividends
The company has a history of paying dividends to shareholders, pointing to consistent cash generation.
Geographic revenue concentration
A large share of revenue comes from exports, with a significant portion concentrated in the United States, exposing the company to trade policy and currency risks in those markets.
Supplier concentration
A small group of top suppliers, with a large share sourced from China, account for most raw material purchases, creating dependency and potential supply chain disruption risk.
Single manufacturing location
All production is concentrated at one facility, so any disruption there could materially affect operations.
Aeroflex Industries Limited
Plot No. 41, 42/13, 42/14 & 42/18, near Taloja MIDC, Village Chal, Behind IGPL, Panvel, Navi Mumbai - 410208, Maharashtra
View on Maps →MUFG Intime India Private Limited
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High working capital intensity
A large share of working capital is tied up in receivables and inventory, which can pressure cash flow and liquidity.