Aeron Composite IPO
#1. Quick Intro to Aeron Composite IPO
The initial public offering (IPO) of Aeron Composite will open for subscription on August 28 and close on August 30, comprising issues of Rs.56.10 crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on September 04, 2024.
Aeron Composite Limited (2011) is engaged in the business of manufacturing and supplying of Fiber Glass glass-reinforced polymer Products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. The company provide comprehensive solutions which include conceptual design, prototype development, testing, manufacturing, logistic support, installation and after-sales service. The company are generating revenue from a combination of domestic operations and international endeavours from more than 30 countries across the Globe, serving over 800 customers
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Aeron Composite
The company intends to use the IPO Funds for the following purposes:
- Funding the capital expenditure requirements towards setting up of an additional manufacturing unit.
- General corporate purposes and issue expenses.
#3. Aeron Composite Core Strengths
- Revenue from multiple geographic from various countries across the globe
- Consistent focus on quality
- Branding and promotional activities
- Experiences senior management
#4. Aeron Composite IPO Review & Rating
| Issue Size | Rs.56.10 crore |
| Issue Price | Rs.121-125 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (Latest) | Rs.942.23 Lakhs |
| ROE (%) | 31.33 |
| RONW (%) | 29.67 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | One |
#5. Aeron Composite IPO Dates, Price Band & Details
Aeron Composite IPO will open on August 28, 2024, and close on August 29, 2024. The IPO is to be listed on September 04, 2024.
| Type of issue | Book built Issue IPO |
| Issue Size | Rs.56.10 crore |
| Price Brand | Rs.121-125 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 28, 2024 |
| IPO Close Date | August 30, 2024 |
| IPO Allotment Date | September 02, 2024 |
| Refund Date | September 03, 2024 |
| Share Credit Date | September 03, 2024 |
| Listing Date | September 04, 2024 |
#6. Aeron Composite IPO Offer Details
Aeron Composite IPO’s total issue size is 44,88,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 44,88,000 | Rs.56.10 |
| Offer for Sale (OFS) | – | – |
#7. Aeron Composite Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Feb 2024 | March 2023 | March 2022 |
| Total Revenue | 18080.35 | 18199.26 | 10992.50 |
| Net Worth | 3478.19 | 2535.96 | 1557.35 |
| Profit | 942.23 | 661.15 | 362.12 |
| Total Borrowings | 1204.56 | 1399.62 | 1255.54 |
#8. Aeron Composite Quantitative Factors
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category | Feb 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 7.52 | 5.33 | 2.95 |
| RoNW (%) | 27.09 | 26.07 | 23.25 |
| NAV (Rs.) | 27.75 | 20.44 | 12.70 |
#9. Aeron Composite Comparison with Other Peer Companies (Top 2)
No Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | NAV |
| – | – | – | – |
| – | – | – | – |
#10. Aeron Composite Company Promoters
The company has five promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (TOP-2)
| Sr. No. | Name of Promoters |
| 01. | Dilipkumar Ratilal Patel |
| 02. | Chirag Chandulal Patel |
#11. Aeron Composite Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 73.63 |
Click here for the previous SME IPO
#12. Aeron Composite IPO Reservation Details
Aeron Composite IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
#13. Aeron Composite IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 1,25,000 |
| Retail (Max.) | 1 | 1000 | 1,25,000 |
| HNI (Min.) | 2 | 2000 | 2,50,000 |
#14. Aeron Composite IPO – Prospectus Copy
An investor can download/view the Aeron Composite prospectus copy, which the company filed to exchange, details are as follows.
| Aeron Composite IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Aeron Composite IPO Registrar
MaaShitla Securities Private Limited
Website: www.maashitla.com
#16. Aeron Composite IPO Lead Managers
HEM Securities Limited
Website: www.hemsecurities.com
#17. Aeron Composite IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Aeron Composite IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Aeron Composite Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Aeron Composite Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Aeron Composite Company Details
Aeron Composite Limited
Registered Office: Saket Ind. Estate, Plot No. 30/31, Highway, Village Moraiya, Changodar, Ahmedabad- 382213, Gujarat, India,
Email: cs@aeroncomposite.com
Website: www.aeroncomposite.com
#19. Aeron Composite Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Aeron Composite Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Dilipkumar Ratilal Patel |
| 02. | Chirag Chandulal Patel |
Aeron Composite IPO – Frequently Asked Questions (FAQs)
| #1. What is an Aeron Composite IPO?
Aeron Composite brings its IPO of Rs.56.10 crore, on August 28, 2024, with a price band of Rs.121-125 per share. |
| #2. What is the Aeron Composite IPO Open date?
Aeron Composite IPO’s opening date is August 28, 2024. |
| #3. What is the Aeron Composite IPO Close Date?
Aeron Composite IPO’s closing date is August 29, 2024. |
| #4. What is the Aeron Composite IPO Listing date?
Aeron Composite IPO listing date is September 04, 2024. |
| #5. What is the Aeron Composite IPO Minimum investment amount?
Aeron Composite IPO’s minimum investment amount is Rs.1,25,000 |
| #6. What is the Aeron Composite IPO offer issue Size?
Aeron Composite offers an issue size of Rs.56.10 crore. |
| #7. What is the Aeron Composite IPO Price Band?
Aeron Composite’s IPO price band is Rs.121-125 per share. |
| #8. Is Aeron Composite IPO mainboard IPO or SME IPO?
Aeron Composite IPO is an SME IPO. |
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