Last updated on September 4, 2024
Aeron Composite IPO description – Aeron Composite is engaged in the business of manufacturing and supplying fiberglass-reinforced polymer products like FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods tailored for various industrial applications. It provides comprehensive solutions that include conceptual design, prototype development, testing, manufacturing, logistic support, installation, and after-sales service.
The company’s manufacturing unit is located at Saket Industrial Estate in Ahmedabad. Aeron Composite has operations from more than 30 countries across the globe, serving over 800 customers. Its prominent clients include government entities such as ONGC Tripura Power, NTPC, Gujarat State Fertilizers, and Gujarat Narmada Valley Fertilizers as well as major corporations like Grasim Industries, Larsen & Toubro, TATA Projects, Atul. As of 30 April 2024, Aeron Composite has 768 employees on payroll including contractual labour.
Promoters of Aeron Composite – Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private
Limited
Table of Contents
Aeron Composite IPO Details
| Aeron Composite Issue Dates | 28 – 30 August 2024 |
| Aeron Composite Issue Price | INR 121 – 125 per share |
| Fresh issue | 44,88,000 shares (INR 54.30 – 56.10 crore) |
| Offer For Sale | NIL |
| Total IPO size | 44,88,000 shares (INR 54.30 – 56.10 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,25,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Aeron Composite Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 |
| Revenue | 78.82 | 108.34 | 179.38 | 179.14 |
| Expenses | 75.41 | 104.91 | 172.43 | 167.44 |
| Net income | 2.55 | 3.62 | 6.61 | 9.42 |
Aeron Composite Offer News
- Aeron Composite RHP
- Aeron Composite Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Aeron Composite Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.08 | 2.95 | 5.33 |
| PE ratio | – | – | 22.70 – 23.45 |
| RONW (%) | 21.13 | 23.25 | 26.07 |
| NAV | 9.85 | 12.70 | 20.44 |
| ROCE (%) | 20.03 | 20.97 | 27.52 |
| EBITDA (%) | 7.75 | 5.53 | 5.48 |
| Debt/Equity | 0.86 | 0.81 | 0.55 |
Aeron Composite IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 September 2024 | 30 | – | 24,000 |
| 2 September 2024 | 30 | – | 24,000 |
| 31 August 2024 | 25 | – | 21,000 |
Aeron Composite IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
| Shares Offered | 8,10,000 | 6,08,000 | 14,18,000 | 2,10,000 | 30,46,000 |
| 30 Aug 2024 | 27.82 | 75.90 | 33.77 | 0.58 | 38.31 |
| 29 Aug 2024 | 3.61 | 4.49 | 6.31 | 0.10 | 4.80 |
| 28 Aug 2024 | 2.62 | 1.54 | 2.90 | 0.07 | 2.36 |
The market maker reservation portion of 2,28,000 shares and anchor allocation of 12,14,000 shares is not included in the above calculations.
Aeron Composite IPO Allotment Status
Aeron Composite IPO allotment status is now available on Maashitla Service’s website. Click on Maashitla IPO weblink to get allotment status.
Aeron Composite IPO Dates & Listing Performance
| IPO Opening Date | 28 August 2024 |
| IPO Closing Date | 30 August 2024 |
| Finalization of Basis of Allotment | 2 September 2024 |
| Initiation of refunds | 3 September 2024 |
| Transfer of shares to demat accounts | 3 September 2024 |
| IPO Listing Date | 4 September 2024 |
| Opening Price on NSE SME | INR 150 per share (up 20%) |
| Closing Price on NSE SME | INR 157.50 per share (up 26%) |
Aeron Composite Offer Lead Manager
HEM SECURITIES LIMITED
904, A wing, 9 Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013.
Phone: +91- 22- 4906 0000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Aeron Composite Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji Subhash
Place, Pitampura, Delhi – 110034, India
Telephone:Â +91-11-45121795-96
Email:Â [email protected]
Website:Â [email protected]
Aeron Composite Issue Contact Details
AERON COMPOSITE LIMITED
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla
Highway, Village Moraiya, Changodar,
Ahmedabad382213, Gujarat, India,
Phone: +91 9909988266
E-mail: [email protected]
Website: www.aeroncomposite.com
IPO FAQs
What is Aeron Composite’s offer size?
Aeron Composite’s offer size is INR 54.30 – 56.10 crores.
What is Aeron Composite offer price band?
Aeron Composite public offer price is INR 121 – 125 per share.
What is the lot size of Aeron Composite IPO?
Aeron Composite offer lot size is 1,000 shares.
What is Aeron Composite IPO GMP today?
Aeron Composite IPO GMP today is INR 30 per share.
What is Aeron Composite kostak rate today?
Aeron Composite kostak rate today is INR NA per application.
What is Aeron Composite IPO Subject to Sauda rate today?
Aeron Composite’s Subject to Sauda rate today is INR 24,000 per application.
