Aeron Composite IPO open date is August 28, 2024 and the IPO will close on August 30, 2024. Aeron Composite is a Book Built Issue. The company to raise around ₹56.10 crores via IPO that comprises fresh issue of ₹56.10 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Aeron Composite IPO price band is ₹121 to ₹125 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Aeron Composite IPO to list on NSE on September 4, 2024. The allotment of Aeron Composite IPO date is September 2, 2024.
The company reported revenue of ₹180.80 crores in Feb, 2024 against ₹181.99 crore in 2023. The company reported profit of ₹9.42 crores in Feb, 2024 against profit of ₹6.61 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Aeron Composite IPO Details
| IPO Open Date: | August 28, 2024 |
| IPO Close Date: | August 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹125 Per Share |
| Issue Size: | Approx ₹56.10 Crores |
| Fresh Issue: | Approx ₹56.10 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Aeron Composite IPO Market Lot
The Aeron Composite IPO minimum market lot is 1000 shares with ₹125,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹125,000 |
| Retail Maximum | 2 | 1000 | ₹125,000 |
| HNI Minimum | 3 | 2000 | ₹250,000 |
Aeron Composite IPO Dates
The Aeron Composite IPO date is August 28 and the close date is August 30. The Aeron Composite IPO allotment will be finalized on September 2 and the IPO listing on September 4.
| IPO Open Date: | August 28, 2024 |
| IPO Close Date: | August 30, 2024 |
| Basis of Allotment: | September 2, 2024 |
| Refunds: | September 3, 2024 |
| Credit to Demat Account: | September 3, 2024 |
| IPO Listing Date: | September 4, 2024 |
Promoters of Aeron Composite
The promoters of the company are Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited.
About Aeron Composite
Aeron Composite Limited is a leading manufacturer and exporter of FRP Products for various industrial applications. The company is a part of ‘A GROUP’ which is in the business of Ceramic refractories, Ceramic Tiles, Paints and Lime, etc. It offers high-quality advanced composite solutions with national and international standards. The company is headquartered in Ahmedabad. It provides a complete solution that includes conceptual design, testing, manufacturing, prototype development, logistic support, installation, and comprehensive after sales service. The company has been awarded a Certificate of Recognition and a status of “Two Star Export House” and has served over 800 customers.
Aeron Composite Company Financial Report
The company reported revenue of ₹180.80 crores in Feb, 2024 against ₹181.99 crores in 2023. The company reported a profit of ₹9.42 crores in Feb, 2024 against a profit of ₹6.61 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹79.06 | ₹75.41 | ₹2.55 | ₹43.60 |
| 2022 | ₹109.93 | ₹104.91 | ₹3.62 | ₹60.63 |
| 2023 | ₹181.99 | ₹172.43 | ₹6.61 | ₹69.10 |
| Feb 2024 | ₹180.80 | ₹167.44 | ₹9.42 | ₹99.79 |
Aeron Composite IPO Valuation – FY2023
Check Aeron Composite IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 32.30% |
| ROCE: | 27.52% |
| EBITDA Margin: | 5.48% |
| PAT Margin: | 3.69% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ₹5.33 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.07% |
| Net Asset Value (NAV): | ₹20.44 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | – | – | – | – | – |
| NA | – | – | – | – | – |
Objects of the Issue
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
- General Corporate Purpose
Aeron Composite IPO Review
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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
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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 FAQs
What is Aeron Composite IPO?
Aeron Composite IPO is a SME IPO. The company is going to raise ₹56.10 Crores via IPO. The issue is priced at ₹121 to ₹125 pr equity share. The IPO is to be listed on NSE.
When Aeron Composite IPO will open for subscription?
The IPO is to open on August 28, 2024 for QIB, NII, and Retail Investors. The IPO will close on August 30, 2024.
What is Aeron Composite IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Aeron Composite IPO?
You can apply for 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.
What is Aeron Composite Issue Size?
Aeron Composite issue size is ₹56.10 crores.
What is Aeron Composite IPO Price Band?
Aeron Composite IPO Price Band is ₹121 to ₹125.
What is Aeron Composite IPO Lot Size?
The minimum bid is 1000 Shares with ₹125,000 amount.
What is the Aeron Composite IPO Allotment Date?
Aeron Composite IPO allotment date is September 2, 2024.
What is the Aeron Composite IPO Listing Date?
Aeron Composite IPO listing date is September 4, 2024. The IPO is to list on NSE.
