Aeron Composite Limited IPO

NSE SME

Listed On: Sep 4, 2024 at ₹ 150.0

₹ 125000 /1000 Shares

Check Allotment

Aeron Composite IPO Details

28 Aug, 2024

Open Date

30 Aug, 2024

Close Date

02 Sep, 2024

Allotment Date

04 Sep, 2024

Listing Date

Issue Price

₹121-125 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Maashitla Securities Private Limited

List Price

150.0

Listing Date

2024-09-04

Market Lot

1000 Shares (₹125,000/-)

Lead Manager

Hem Securities Limited

Issue Size

4,488,000 shares(aggregating up to ₹56.10 Cr)

Retail Portion

35%

Subscription

38.45 times

IPO Docs

DRHP RHP

The IPO of Aeron Composite is priced at ₹121-125 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Maashitla Securities Private Limited is the registrar of the issue.

Aeron Composite IPO bid opening date is from Aug 28, 2024 and the bid closing date was Aug 30, 2024.
Aeron Composite IPO allotment result will be available on Sep 2, 2024. The tentative listing date for Aeron Composite is Sep 4, 2024.

The total issue size is 4,488,000 shares(aggregating up to ₹56.10 Cr).

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

Total No. of Applications: 47,889 (Approx)

Aeron Composite Valuations

EPS Pre IPO

₹5.28/-

EPS Post IPO

₹6.04/-

P/E Pre IPO

23.69

P/E Post IPO

20.7

ROE

31.33%

ROCE

29.67%

Debt/Equity

0.35

RoNW

27.09%

PAT Margin

5.26

Price to Book Value

4.50

Aeron Composite Company Financials All values are in ₹ Lakh

	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 The 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)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.63%

Company Promoter(s)

Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited

Aeron Composite IPO - Issue Objectives

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

Other Details

Company Contact Details

Aeron Composite

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/

Registrar Contact Details

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Email: Investor.ipo@maashitla.com

Website: https://maashitla.com/allotment-status/public-issues

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. The size of Aeron Composite Limited IPO is 4,488,000 shares(aggregating up to ₹56.10 Cr).

Ans. The IPO price band is set between ₹121-125 per equity share.

Ans. To apply for Aeron Composite Limited IPO 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 allotment status for Aeron Composite Limited IPO here.