| Initial public offer of 32,500,000^ equity shares of face value Rs. 2/- each ("Equity Shares") of Aeroflex Industries Limited for cash at a price of
Rs. 108/- per equity share (including a share premium of Rs. 106/- per equity share) (the "Offer Price"), aggregating Rs. 351.00 crores ("Offer") comprising of a fresh issue of 15,000,000^ equity shares aggregating
Rs. 162.00 crores by the company ("Fresh Issue") and an offer for sale of 17,500,000 equity shares aggregating to Rs. 189.00 crores comprising of 17,500,000 equity shares by Sat Industries Limited ("Promoter Selling Shareholder") ("The Offer for Sale"). The offer will constitute 25.13 % of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 2/- each. the offer includes a reservation of 500,000 equity shares, aggregating Rs. 5.40 crores (constituting to 0.39% of the post-offer paid-up equity share capital), for subscription by holding company eligible shareholder. The offer less the reservation portion of holding company eligible shareholder is hereinafter referred to as the net offer. the offer and the net offer constitute 25.13% and 24.74% of the post-offer paid-up equity share capital.
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