What is the Aeron Composite Limited IPO?

The Aeron Composite Limited IPO is a book-built issue aiming to raise ₹56.10 crores through the fresh issuance of 44.88 lakh shares. The IPO will be listed on the NSE SME platform.

When does the Aeron Composite Limited IPO open and close for subscription?

The IPO opens for subscription on August 28, 2024, and closes on August 30, 2024.

What is the price band for the Aeron Composite Limited IPO?

The price band for the IPO is set between ₹121 to ₹125 per share.

What is the minimum lot size for the Aeron Composite Limited IPO?

The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹125,000. For HNI investors, the minimum lot size is 2,000 shares, amounting to ₹250,000.

Who are the key managers for the Aeron Composite Limited IPO?

Hem Securities Limited is the Book Running Lead Manager (BRLM), Maashitla Securities Private Limited is the registrar, and Hem Finlease is the market maker for the IPO.

When is the Aeron Composite Limited IPO expected to list?

The IPO is tentatively scheduled to list on the NSE SME platform on Wednesday, September 4, 2024.

What is Aeron Composite Limited's main business?

Aeron Composite Limited manufactures and supplies glass fibre reinforced polymer (FRP) products, including FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, for various industrial applications.

Where is Aeron Composite Limited's manufacturing facility located?

The company’s manufacturing facility, which covers 26,320 square meters, is located in Saket Industrial Estate and is ISO 9001:2015 certified.

How many employees does Aeron Composite Limited have?

As of July 31, 2024, Aeron Composite Limited employs 433 people across various levels of the organization.

Aeron Composite Limited IPO (Aeron Composite IPO) Date, Price, GMP & Allotment 2024

Aeron Composite Limited IPO Overview

The Aeron Composite IPO is a book-built issue, aiming to raise ₹56.10 crores through a fresh issuance of 44.88 lakh shares. This IPO presents a significant opportunity for investors seeking to participate in a growing company.

Subscription Details

The Aeron Composite IPO will open for subscription on August 28, 2024, and will close on August 30, 2024. Investors keen on participating should take note of these critical dates. The allotment is expected to be finalized on Monday, September 2, 2024, with the shares set to list on the NSE SME platform on Wednesday, September 4, 2024.

IPO Price Band and Lot Size

The price band for the Aeron Composite IPO is set between ₹121 to ₹125 per share. The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹125,000. High Net-worth Individuals (HNIs) can apply for a minimum of 2 lots (2,000 shares), with an investment of ₹250,000.

Key Parties Involved

Hem Securities Limited is the Book Running Lead Manager (BRLM) for this IPO, ensuring the smooth execution of the process. Maashitla Securities Private Limited is serving as the registrar, while Hem Finlease is the market maker.

For more detailed information, investors are advised to refer to the Aeron Composite IPO RHP (Red Herring Prospectus).

Aeron Composite Limited IPO Important dates

Aeron Composite IPO opens on August 28, 2024, and closes on August 30, 2024.

IPO Open Date	Wednesday, August 28, 2024
IPO Close Date	Friday, August 30, 2024
Basis of Allotment	Monday, September 2, 2024
Initiation of Refunds	Tuesday, September 3, 2024
A credit of Shares to Demat	Tuesday, September 3, 2024
Listing Date	Wednesday, September 4, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 30, 2024

Aeron Composite Limited Financial Performance

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	99.79	69.10	60.63	43.60
Revenue	180.80	181.99	109.92	79.06
Profit After Tax	9.42	6.61	3.62	2.55
Net Worth	34.78	25.36	15.57	12.08
Reserves and Surplus	33.22	23.79	14.27	10.78
Total Borrowing	12.08	13.99	12.56	10.43
Note:	All amounts are in crores

Aeron Composite Limited Key Performance Indicator

The market capitalization of Aeron Composite IPO is Rs 212.75 Cr.

KPI as of February 29, 2024.

KPI	Values
ROE	31.33
ROCE	29.67
Debt/Equity	0.35
RoNW	27.09
P/BV	4.5
PAT Margin (%)	5.26

Aeron Composite Limited IPO Objectives

The company intends to use the net proceeds from the issue towards the following objectives:

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

Aeron Composite Limited IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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	₹125,000
Retail (Max)	1	1000	₹125,000
HNI (Min)	2	2,000	₹250,000

Aeron Composite Limited IPO Details

IPO Date	August 28, 2024 to August 30, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹121 to ₹125 per share
Lot Size	1000 Shares
Total Issue Size	4,488,000 shares (aggregating up to ₹56.10 Cr)
Fresh Issue	4,488,000 shares (aggregating up to ₹56.10 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	12,532,000
Shareholding post-issue	17,020,000
Market Maker portion	228,000 shares

Aeron Composite Limited: Company Overview and Services

Established in 2011, Aeron Composite Limited specializes in the manufacturing and supply of glass fibre reinforced polymer (FRP) products. The company’s product portfolio includes FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, all of which are designed for a wide range of industrial applications.

Comprehensive Solutions

Aeron Composite Limited offers end-to-end solutions, from conceptual design and prototype development to testing, manufacturing, and logistical support. The company also provides installation and after-sales service, ensuring a seamless experience for its clients.

State-of-the-Art Manufacturing Facility

The company operates a state-of-the-art manufacturing facility located in Saket Industrial Estate, spread over 26,320 square meters. This facility is ISO 9001:2015 certified, emphasizing the company’s commitment to quality in the design, manufacture, and supply of its FRP products, including handrails, cable trays, fencing, moulded gratings, cross arms, poles, rods, and solar panel mounting structures (MMS).

Workforce

As of July 31, 2024, Aeron Composite Limited employs a dedicated workforce of 433 individuals across various levels of the organization, supporting the company’s growth and operations

Aeron Composite Limited IPO GMP Details

Aeron Composite SME IPO last GMP is ₹0, last updated Aug 28th 2024 11:00 AM. With a price band of 125.00, Aeron Composite SME IPO’s estimated listing price is ₹125 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.

Stay with us to know the daily price trend of Aeron Composite SME IPO GMP with an expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
28-08-2024 Open	125.00	₹0	—	₹125 (0%)	28-Aug-2024
27-08-2024	125.00	₹0	—	₹125 (0%)	27-Aug-2024
26-08-2024	125.00	₹0	—	₹125 (0%)	26-Aug-2024

Aeron Composite Limited IPO subscription status

Aeron Composite IPO subscribed 0.90 times. The public issue subscribed 0.85 times in the retail category, 1.48 times in QIB, and 0.26 times in the NII category by August 28, 2024.

Investor Category	Subscription (times)	Shares Offered*	Shares bid for	Total Amount (Rs Cr.)*
Anchor Investors	1	12,14,000	12,14,000	15.175
Qualified Institutions	1.48	8,10,000	12,00,000	15.000
Non-Institutional Buyers***	0.26	6,08,000	1,61,000	2.013
Retail Investors	0.85	14,18,000	12,03,000	15.038
Total **	0.90	28,36,000	25,65,000	32.063

Total Application: 1,203

Note:

*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
***: Market Maker portion is not included to NII/HNI.

Aeron Composite IPO Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 Aug 28, 2024	1.48	0.26	0.85	0.90

Aeron Composite Limited IPO Allotment status

The allotment status of Aeron Composite IPO is expected to be available on September 2, 2024.

Aeron Composite IPO allotment status is not available at this time. Aeron Composite IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Aeron Composite Limited’s IPO allotment status.

To check Aeron Composite IPO allotment status, follow the steps below:

Click on the below allotment status check button.
Select Company Name.
Enter your PAN Number, Application Number or DP Client ID (Anyone).
Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Maashitla Securities Private Limited either by phone or email. Investors can call on +91-11-45121795-96 or send an email with all relevant details to ipo@maashitla.com.

Aeron Composite Limited Contact Details

Aeron Composite Limited
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/

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and there is no guarantee of financial returns. The information provided should not be construed as financial or investment advice. Prospective investors are advised to carefully consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.