Aeron Composite

Aeron Composite

NSE SME

₹125,000 / 1000 Shares

Offer Date:Aug 28, 2024 - Aug 30, 2024
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IPO Details

Aeron Composite IPO is priced between ₹121-125 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Maashitla Securities Private Limited is managing the issue as the registrar.

The IPO bidding period opened on 28 Aug, 2024, and closed on 30 Aug, 2024. The allotment results will be announced on 2 Sep, 2024, with a tentative listing date set for 4 Sep, 2024.

The total issue comprises 4,488,000 shares, amounting to ₹56.10 Cr.

Aeron Composite IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Aug 28, 2024 - Aug 30, 20244 Sep, 2024₹10 Per Equity Share₹121-125 per equity share- Shares -NSE SME

Aeron Composite IPO Timeline

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IPO Open Date
28 Aug, 2024
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IPO Close Date
30 Aug, 2024
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Basis of Allotment
2 Sep, 2024
✓
Listing Date
4 Sep, 2024

Issue Price

₹121-125 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Maashitla Securities Private Limited

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

Aeron Composite IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
29 Feb 249979.4218080.35942.233478.193321.541208.23
31 Mar 236910.2118199.26661.152535.962379.311399.62
31 Mar 226063.2310992.5362.121557.351427.351255.54

All values are in ₹ Lakh

Aeron Composite IPO Valuations

EPS PRE IPO

₹5.28/-

EPS POST IPO

₹6.04/-

PE PRE IPO

23.69

PE 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

About 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.

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Aeron Composite IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved810,000 / 608,0001,418,0002,836,000
Day 1 - 28-08-24 06:00 PM2.62 / 1.56 x3.00 x2.59 x
Day 2 - 29-08-24 06:00 PM3.61 / 4.14 x6.53 x5.19 x
Day 3 - 30-08-24 06:00 PM27.80 / 75.95 x34.06 x38.45 x
Total No. of Applications:47,889 (Approx)

Aeron Composite IPO - Issue Objectives

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