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/
Here is the list of Upcoming SME IPO in August 2024
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.
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