Aeron Composite Limited IPO

NiftyTrader • August 26, 2024

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Aeron Composite Limited IPO

Aeron Composite Limited IPO opens on August 28, 2024, and closes on August 30, 2024. The allotment for the Aeron Composite Limited IPO is anticipated to be completed on Monday, September 2, 2024. The IPO will be tentatively listed on the SME and NSE on Wednesday, September 4, 2024.

The Aeron Composite Limited IPO’s price band is Rs 121 to Rs 125 per share. The IPO is a book-built issue of Rs 56.10 crores. crores, an entirely new issue of 44.88 lakh shares.

Aeron Composite IPO Details

IPO Date	August 28, 2024 to August 30, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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 IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹125,000
Retail (Max)	1	1000	₹125,000
S-HNI (Min)	2	2000	₹250,000

Aeron Composite IPO Objectives

The company intends to utilize the issue proceeds to meet the following objectives:

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

About Aeron Composite Limited

Established in 2011, Aeron Composite Limited specializes in the production and supply of high-quality glass fiber-reinforced polymer (FRP) products, including FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, designed for diverse industrial uses. The company provides end-to-end solutions, encompassing conceptual design, prototype development, rigorous testing, manufacturing, logistical support, installation, and after-sales service. With a manufacturing facility located in Saket Industrial Estate, covering 26,320 square meters, Aeron Composite is ISO 9001:2015 certified, ensuring excellence in the design, manufacture, and supply of a broad range of FRP products such as handrails, cable trays, fencing, cross arms, poles, rods, and molded mounting structures for solar panels. As of July 31, 2024, the company employs a workforce of 433 across various levels.

Aeron Composite Limited Financial Information

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,979.42	6,910.21	6,063.23	4,360.19
Revenue	18,080.35	18,199.26	10,992.5	7,906.12
Profit After Tax	942.23	661.15	362.12	255.3
Net Worth	3,478.19	2,535.96	1,557.35	1,208.23
Reserves and Surplus	3,321.54	2,379.31	1,427.35	1,078.23
Total Borrowing	1,208.23	1,399.62	1,255.54	1,042.7
				Amount in ₹ Lakhs

Aeron Composite IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Aeron Composite IPO Timeline

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

Key Performance Indicator

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

KPI as of February 29, 2024.

Aeron Composite IPO Promoter Holding

Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited is the company’s promoter.