Aeron Composite Limited IPO
NSE SMEListed On: Sep 4, 2024 at ₹ 150.0
₹ 125000 /1000 Shares
Check AllotmentAeron Composite IPO Details
28 Aug, 2024
Open Date30 Aug, 2024
Close Date02 Sep, 2024
Allotment Date04 Sep, 2024
Listing DateIssue Price
₹121-125 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedList Price
150.0Listing Date
2024-09-04Market Lot
1000 Shares (₹125,000/-)Lead Manager
Hem Securities LimitedIssue Size
4,488,000 shares(aggregating up to ₹56.10 Cr)Retail Portion
35%Subscription
38.45 timesAeron Composite IPO Subscription 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
EPS Pre IPO
₹5.28/-EPS Post IPO
₹6.04/-P/E Pre IPO
23.69P/E Post IPO
20.7RoNW
27.09%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 |
About The Company
Aeron Composite Limited was established in 2011 and is engaged in the manufacture and supply of glass fibre reinforced polymer products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications.
The company offers comprehensive solutions that include conceptual design, prototype development, testing, manufacturing, logistical support, installation and after-sales service.
The company's manufacturing facility is located in Saket Industrial Estate and is spread over 26320 square metres. 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 employed 433 people at various levels of the organisation.
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
Aeron Composite
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad - 382213Maashitla 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.
