Aeron Composite Limited 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 IPO – Details
| IPO Opening Date | 28 August 2024 |
| IPO Closing Date | 30 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 44,88,000 Shares Worth ₹56.10 Crore Fresh Issue: 44,88,000 Shares Worth ₹56.10 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 – ₹125 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Aeron Composite IPO – Date Schedule
| IPO Open Date | 28 August 2024 |
| IPO Close Date | 30 August 2024 |
| Basis of Allotment | 02 September 2024 |
| Initiation of Refund | 03 September 2024 |
| Credit of Shares to Demat Account | 03 September 2024 |
| IPO Listing Date | 04 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 30, 2024 |
Aeron Composite IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,25,000 |
| Retail (Max) | 1 | 1000 | ₹1,25,000 |
| HNI (Min) | 2 | 2000 | ₹2,50,000 |
Competitive Strengths
- Revenue from multiple geographies from various countries across the Globe.
- Consistent focus on quality.
- Diverse range of Fiber Glass Reinforce Polymer Products.
- Branding and promotional activities.
- Experienced Senior Management.
Company Promoters
- Dilipkumar Ratilal Patel
- Chirag Chandulal Patel
- Pankaj Shantilal Dadhaniya
- Ravi Pankajkumar Patel
- A. International Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 79.06 | 75.41 | 2.55 | 10.42 |
| 31 March 2022 | 109.92 | 104.90 | 3.62 | 12.55 |
| 31 March 2023 | 181.99 | 172.43 | 6.61 | 13.99 |
| 29 February 2024 | 180.80 | 167.43 | 9.42 | 12.08 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.33 |
| ROCE | 29.67 |
| Debt/Equity | 0.35 |
| RoNW | 27.09 |
| P/BV | 4.5 |
| PAT Margin (%) | 5.26 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.28 | 6.04 |
| P/E (x) | 23.69 | 20.7 |
Object Of The Issue
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit.
- General Corporate Purpose.
Aeron Composite IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.63% |
Aeron Composite IPO Prospectus
Company Contact Information
| 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/ |
Aeron Composite IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Aeron Composite IPO Lead Manager(s)
| 1. Hem Securities Limited |
Aeron Composite IPO FAQs
| What is Aeron Composite IPO? Aeron Composite IPO is a SME IPO. The issue is priced at ₹121 and ₹125 per equity share. The IPO is to be listed on NSE SME. |
| When Aeron Composite IPO will open? The IPO is to open on 28 August 2024 for QIB, NII, and Retail Investors. |
| What is Aeron Composite IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Aeron Composite IPO? You can apply Aeron Composite IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aeron Composite IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aeron Composite IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Aeron Composite IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aeron Composite IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Aeron Composite IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aeron Composite IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Aeron Composite IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Aeron Composite IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Aeron Composite IPO Size? Aeron Composite IPO size is ₹56.10 Crore. |
| What is Aeron Composite IPO Price Band? Aeron Composite IPO Price Band is ₹121 – ₹125. |
| What is Aeron Composite IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1000 Shares with ₹1,25,000 amount while the maximum bid is 1000 Shares with ₹1,25,000. |
| What is the Aeron Composite IPO Allotment Date? Aeron Composite IPO allotment date is 02 September 2024. |
| What is the Aeron Composite IPO Listing Date? Aeron Composite IPO listing date is 04 September 2024. The IPO is to be listed on NSE SME. |
