Home Mainline IPOs Aeron Composite IPO
Orion Industries logo

Aeron Composite IPO

Open Sme
NSE 28 August - 30 August 2024
Aeron Composite Limited IPO is a fixed price issue of 56.1 Cr. The issue is entirely a fresh issue of 4488000 shares aggregating to 56.1 Cr. Aeron Composite Limited IPO opened for subscription on Aug 28, 2024 and closed on Aug 30, 2024. The allotment for the this IPO was finalized on Sep 02, 2024. IPO was listed on NSE and BSE on Sep 04, 2024. Aeron Composite Limited IPO is set issue price band at ₹121 to ₹125 per share.

Current GMP

₹34 (+27.20%)

Price Band

₹ 121 – 125

Lot Size

1000

Issue Size

₹56.1 Cr

Minimum Investment

₹250000 (2000 Shares)

Listing Date

04 September 2024

Subscription

-

About the Company

 Aeron Composite Limited  is engaged in the business of manufacturing and supplying fiberglass-reinforced polymer products like FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods tailored for various industrial applications. It provides comprehensive solutions that include conceptual design, prototype development, testing, manufacturing, logistic support, installation, and after-sales service.

The company’s manufacturing unit is located at Saket Industrial Estate in Ahmedabad. Aeron Composite has operations from more than 30 countries across the globe, serving over 800 customers. Its prominent clients include government entities such as ONGC Tripura Power, NTPC, Gujarat State Fertilizers, and Gujarat Narmada Valley Fertilizers as well as major corporations like Grasim Industries, Larsen & Toubro, TATA Projects, Atul. As of 30 April 2024, Aeron Composite has 768 employees on payroll including contractual labour.

Promoters

The Promoters of the company are

  1. Dilipkumar Ratilal Patel
  2. Chirag Chandulal Patel
  3. Pankaj Shantilal Dadhaniya
  4. Ravi Pankajkumar Patel
  5. A. International Private Limited
Promoters Holding

Holding Pre Issue

100.00%

Holding Post Issue

73.63%

Objects of the Issue

The company intends to use the net proceeds from the issue towards the following objectives:

  1. Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
  2. General Corporate Purpose

Address / Contact Info

Aeron Composite Limited
Saket Ind. Estate, Plot No. 30/31,
Sarkhej Bavla Highway, Village Moraiya,
Changodar, Ahmedabad - 382213
Phone: +91 9909988266
Email: cs@aeroncomposite.com
Website: https://www.aeroncomposite.com

IPO Snapshot

Face Value₹10 per share
Price Band₹ 121 – 125
Lot Size1000
Issue Type
Sale Type
Fresh Issue₹ 56.10 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 56.10 Cr
Listing AtNSE
Industry
Sector
QIB Quota18.93%
Retail Quota33.15%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Aeron Composite IPO is a worth ₹56.1 crores. The price band is ₹121 to 125 per share. The IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.

The Aeron Composite IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024

Aeron Composite IPO Price Band is ₹121 to 125.

Aeron Composite IPO lot size is 1000, and the minimum amount required for application is ₹250000.

The minimum investment for Aeron Composite IPO is approximately ₹250000 based on the upper price band.

To apply for the Aeron Composite IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 30, 2024. After submission, funds are blocked until the basis of allotment of Aeron Composite IPO is finalised.

Aeron Composite IPO issue size is ₹56.1 crores.

Aeron Composite IPO allotment date is Sat, Jun 27, 2026.

The registrar for Aeron Composite IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Aeron Composite IPO through their official website or helpline.

The Aeron Composite IPO GMP (Grey Market Premium) is ₹34 as of Fri, Aug 30, 2024. Based on the upper price band of ₹125 per share, the estimated Aeron Composite IPO listing price is ₹159, indicating a potential listing gain of approximately 31% over the issue price.