Aeron Composite IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 28 Aug 2024
Close Date
Fri, 30 Aug 2024
Price Band
₹ 121 – 125
Lot Size
1000
Issue Size
₹ 56.10 Cr
Minimum Investment
₹ 250,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Aeron Composite IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹56.10 Crore, comprising a fresh issue of 44.88 Lakh equity shares aggregating to ₹56.10 Crore.
The Aeron Composite IPO remained open for subscription from August 28, 2024, to August 30, 2024. The basis of allotment was finalized on September 02, 2024, and the company's shares were listed on NSE SME Platform on September 04, 2024.
The company had fixed the price band at ₹121 to ₹125 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹250,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Aeron Composite Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Aeron Composite IPO Timeline (Tentative)
- IPO Open Date
- Wed, 28 Aug 24
- IPO Close Date
- Fri, 30 Aug 24
- Basis of Allotment
- Mon, 02 Sep 24
- Initiation of Refunds
- Tue, 03 Sep 24
- Credit of Shares to Demat
- Tue, 03 Sep 24
- Listing Date
- Wed, 04 Sep 24 — NSE & BSE
Open Date
28 August 2024
Close Date
30 August 2024
Basis Of Allotment
02 September 2024
Listing Date
04 September 2024
IPO Subscription
Check Live Subscription →The Aeron Composite IPO has received bids for 30,27,000 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, Employees 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
EMP
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 14,18,000 shares, representing 33.15% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,10,000 shares (18.93%), while Non-Institutional Investors (NIIs) receive 6,08,000 shares (14.21%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,214,000 | 28.38% |
| Market Maker | 228,000 | 5.33% |
| Qualified Institutions | 810,000 | 18.93% |
| Non-Institutional | 608,000 | 14.21% |
| Retail Investors | 1,418,000 | 33.15% |
| Total | 4,278,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 9979.42 | 6910.21 | 6063.23 | 4360.19 |
| Revenue | 18080.35 | 18199.26 | 10992.5 | 7906.12 |
| Profit After Tax | 942.23 | 661.15 | 362.12 | 255.3 |
| Net Worth | 3478.19 | 2535.96 | 1557.35 | 1208.23 |
| Reserve & Surplus | 3321.54 | 2379.31 | 1427.35 | 1078.23 |
| Total Borrowings | 1208.23 | 1399.62 | 1255.54 | 1042.7 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Aeron Composite Limited KPI Information
| Particular | KPI as of February 29, 2024. |
|---|---|
| ROE % | 31.33 |
| ROCE % | 29.67 |
| Debt / Equity | 0.35 |
| RoNW % | 27.09 |
| PbW | 4.5 |
| Pat Margin % | 5.26 |
Peers Comparison
No Peer Comparision Available
About Aeron Composite Limited
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.
Aeron Composite IPO Promoters
The Promoters of the company are
- Dilipkumar Ratilal Patel
- Chirag Chandulal Patel
- Pankaj Shantilal Dadhaniya
- Ravi Pankajkumar Patel
- A. International Private Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.63%
Aeron Composite IPO Objective
The company intends to use the net proceeds from the issue towards the following objectives:
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
- General Corporate Purpose
Aeron Composite Limited Address / Contact Details
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
Aeron Composite IPO Lot Size
The Aeron Composite IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,25,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,25,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 125,000.00 |
| Retail (Max) | 1 | 1,000 | 125,000.00 |
| S-HNI (Min) | 2 | 2,000 | 250,000.00 |
Issue Reservation
- Anchor Investors — 28.38%
- Market Maker — 5.33%
- QIB — 18.93%
- NII — 14.21%
- RII — 33.15%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Aeron Composite IPO?
Aeron Composite IPO is a with a total issue size of ₹56.1 crore. The Aeron Composite IPO price band is ₹121 to 125 per share. The Aeron Composite IPO subscription opens on Wed, Aug 28, 2024, and closes on Fri, Aug 30, 2024. The Aeron Composite IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Aeron Composite IPO.
When will the Aeron Composite IPO open for subscription?
The Aeron Composite IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024
What is Aeron Composite IPO Price Band?
Aeron Composite IPO Price Band is ₹121 to 125 per share.
What is Aeron Composite IPO Lot Size?
Aeron Composite IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹250000 based on the upper price band
What is the minimum investment for Aeron Composite IPO?
The minimum investment for Aeron Composite IPO is ₹250000, based on one lot of 1000 shares at the upper price band of ₹125 per share.
How to apply for Aeron Composite IPO?
Investors can apply for the Aeron Composite IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 30, 2024. The application amount remains blocked until the Aeron Composite IPO allotment is finalized.
What is Aeron Composite IPO Issue Size?
Aeron Composite IPO issue size is ₹56.1 crores.
What is the Aeron Composite IPO Allotment Date?
Aeron Composite IPO allotment date is Mon, Sep 2, 2024.
Who is the Aeron Composite IPO Registrar?
The registrar for Aeron Composite IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Aeron Composite IPO allotment status, refund processing, and other IPO-related information.
What is the Aeron Composite IPO GMP?
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 27.20% over the issue price.
Who is the Aeron Composite IPO Lead Manager?
The book-running lead managers (BRLMs) for the Aeron Composite IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Aeron Composite IPO Red Herring Prospectus (RHP).