Aeron Composite IPO
Aeron Composite is an NSE SME IPO listed on the NSE SME platform, priced at ₹121–₹125 per share. The stock debuted at ₹150, delivering a listing gain of 20.0%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,25,000.
Aeron Composite Limited IPO
- IPO Dates
- Aug 28, 2024 – Aug 30, 2024
- Price band
- ₹121-125 per equity share
- Minimum Investment
- ₹1,25,000
- Issue size
- ₹56.1 Cr
- Lot size
- 1000
- Allotment Date
- Sep 2, 2024
- Listing
- Sep 4, 2024
- Listing At
- NSE SME
IPO timeline
-
Aug 28, 2024
Open Date
Completed
-
Aug 30, 2024
Close Date
Completed
-
Sep 2, 2024
Allotment Date
Completed
-
Sep 4, 2024
Listing Date
Completed
Aeron Composite IPO Essentials
Aeron Composite IPO Details
Aeron Composite IPO is priced at ₹121-125 per share with a total issue size of 56.1 crore. The IPO has a lot size of 1000 shares and is listed on NSE SME.
- Issue price
- ₹121-125 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,488,000 shares(aggregating up to ₹56.10 Cr)
- Total issue size
- 44,88,000 shares
(aggregating up to ₹56.1 crore) - Fresh issue
- 44,88,000 shares
(aggregating up to ₹56.1 crore) - Listing at
- NSE SME
- List price
- 150.0
- Listing date
- Registrar
- Maashitla Securities Private Limited
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,25,000 |
| Retail(max) | 1 | 1000 | ₹1,25,000 |
| NII (min) | 2 | 2000 | ₹2,50,000 |
Aeron Composite IPO Reservation
Aeron Composite IPO reservation details show category-wise allocation of shares. Out of the total 42,78,000 shares, approximately 18.93% are reserved for QIB, 14.21% for NII, 33.15% for retail investors, 5.33% for market maker, and 28.38% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 12,14,000 (28.38%) | |
| Market Maker Shares Offered | 2,28,000 (5.33%) | |
| QIB Shares Offered | 8,10,000 (18.93%) | |
| NII (HNI) Shares Offered | 6,08,000 (14.21%) | |
| Retail Shares Offered | 14,18,000 (33.15%) | |
| Total Shares Offered | 42,78,000 (100%) |
Aeron Composite IPO Analytics
Aeron Composite IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Aeron Composite IPO Subscription Status
Aeron Composite IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 810,000 / 608,000 | 1,418,000 | 2,836,000 |
|
Day 1
28-08-24 06:00 PM
|
(2.62 / 1.56) x | 3.00 x | 2.59 x |
|
Day 2
29-08-24 06:00 PM
|
(3.61 / 4.14) x | 6.53 x | 5.19 x |
|
Day 3
30-08-24 06:00 PM
|
(27.80 / 75.95) x | 34.06 x | 38.45 x |
Aeron Composite Valuations
Earnings
- EPS Pre IPO
- ₹5.28/-
- EPS Post IPO
- ₹6.04/-
- P/E Pre IPO
- 23.69
- P/E Post IPO
- 20.7
Returns
- ROE
- 31.33%
- ROCE
- 29.67%
- RoNW
- 27.09%
- PAT Margin
- 5.26
Fundamentals
- Debt / Equity
- 0.35
- Price / Book
- 4.50
Aeron Composite Financials( In Lakhs)
| 29-Feb-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 9,979.42 | 6,910.21 | 6,063.23 |
| Revenue | 18,080.35 | 18,199.26 | 10,992.5 |
| Profit After Tax | 942.23 | 661.15 | 362.12 |
| Net Worth | 3,478.19 | 2,535.96 | 1,557.35 |
| Reserves & Surplus | 3,321.54 | 2,379.31 | 1,427.35 |
| Total Borrowing | 1,208.23 | 1,399.62 | 1,255.54 |
Aeron Composite Company & Offer Insights
About Aeron Composite
Aeron Composite Limited was incorporated in 2011 and is involved in the manufacture and supply of glass fibre reinforced polymer products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods designed for various industrial applications.
The company provides a comprehensive solution that includes conceptual design, prototype development, testing, manufacturing, logistical support, installation, and after-sales service.
The manufacturing facility of the company is at Saket Industrial Estate spread over 26320 square meters. The manufacturing facility is ISO 9001:2015 certified for the design, manufacture, and supply of FRP pultruded products, FRP Handrails, FRP cable trays, FRP fencing, FRP moulded gratings, FRP Cross arm, FRP poles, FRP rods and moulded mounting structures for solar panels (MMS).
As of July 31, 2024, the company has 433 people at different organizational levels.
Aeron Composite Promoter(s)
Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited are the company's promoters of Aeron Composite.
Aeron Composite IPO Issue Objectives
- •
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
- •
- General Corporate Purpose
Contact Information
Contact Details
Aeron Composite
+91 9909988266
https://www.aeroncomposite.com/
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad - 382213
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Aeron Composite IPO is a book-built IPO worth ₹56.1 crore. The price band is ₹121–₹125 per share. The IPO opens on Aug 28, 2024 and closes on Aug 30, 2024. It will be listed on NSE SME Platform. Maashitla Securities Private Limited is the registrar.
The price band of Aeron Composite IPO is ₹121 to ₹125 per share.
The lot size of Aeron Composite IPO is 1000 shares.
The minimum investment for Aeron Composite IPO is approximately ₹1,25,000 based on the upper price band .
Aeron Composite IPO opens on Aug 28, 2024 and closes on Aug 30, 2024.
The allotment date of Aeron Composite IPO is Sep 2, 2024.
Aeron Composite IPO is expected to be listed on Sep 4, 2024, on NSE SME Platform.
Aeron Composite IPO valuation snapshot: P/E 20.7, EPS ₹6.04/-, P/B 4.50, RoNW 27.09%, and market cap N/A.
To apply for Aeron Composite IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Aeron Composite IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Aeron Composite IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Aeron Composite IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Aeron Composite IPO allotment status on IPO Ji for quick and easy access.