Aeron Composite Limited IPO
NSE SMEListed On: Sep 4, 2024 at ₹ 150.0
₹ 250000 /2000 Shares
*Min Investment
28 Aug, 2024
Open Date30 Aug, 2024
Close Date02 Sep, 2024
Allotment Date04 Sep, 2024
Listing DateAeron Composite IPO Issue Details
- Issue Price ₹121-125 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 44,88,000 shares(aggregating up to ₹56.1 crore)
- Fresh Share 44,88,000 shares(aggregating up to ₹56.1 crore)
- Listing at NSE SME
- List Price 150.0
- Listing Date 2024-09-04
- Lead Manager Hem Securities Limited
- Registrar Maashitla Securities Private 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 offers total 42,78,000 shares. Out of which 8,10,000 (18.93%) allocated to QIB, 6,08,000 (14.21%) allocated to NII,14,18,000 (33.15%) allocated to RII, NA (NA%) allocated to employees and 12,14,000 (28.38%) allocated to 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 Details
Aeron Composite Limited IPO is an SME IPO, priced at ₹121-125 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 44,88,000 equity shares, aggregating up to ₹56.1 crores..
The IPO bidding window is open from Aug 28, 2024 to Aug 30, 2024. The allotment is expected to be finalized on Sep 2, 2024, and the tentative listing date is Sep 4, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,25,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,50,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Hem Finlease Private Limited will act as the market maker for this issue.
Aeron Composite IPO Subscription Analysis And Details
| 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
Aeron Composite Company Financials
| 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 |
About Aeron Composite Company
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
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.63%
Aeron Composite IPO - Issue Objectives
Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
General Corporate Purpose
Contact Details
Aeron Composite
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad - 382213
+91 9909988266
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Aeron Composite IPO - FAQs
Ans. Aeron Composite Limited IPO is a SME IPO. The issue is priced at ₹121-125 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Aug 28, 2024, and closes on Aug 30, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Aeron Composite Limited IPO opens on Aug 28, 2024 and closes on Aug 30, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Aeron Composite Limited IPO is 4,488,000 shares(aggregating up to ₹56.10 Cr).
Ans. The Aeron Composite Limited IPO price band is set between ₹121-125 per equity share.
Ans. To apply for Aeron Composite Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Aeron Composite Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Aeron Composite Limited IPO is Sep 2, 2024.
Ans. The Aeron Composite Limited IPO will be listed on Sep 4, 2024.
Ans. Follow the steps to check the Aeron Composite Limited IPO allotment status online.
