Aeron Composite IPO Allotment Status

Summary

Aeron Composite NSE SME IPO has garnered a robust response from investors, closing with an impressive subscription of 41.07 times by 30th August 2024 at 5:43:59 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 75.53 times, reflecting significant interest from wealthy individual investors and smaller institutions.

The Qualified Institutional Buyers (QIB) category demonstrated strong engagement, subscribing 27.82 times, indicating confidence from institutional investors in Aeron Composite's market potential. Retail investors also showed solid interest, with the IPO being subscribed 33.77 times in this category, highlighting the attractiveness of the offering to individual investors.

How to Check Aeron Composite IPO Allotment Status:

How do you Check Aeron Composite IPO Allotment Status on the Registrar's Site? 

Step 1: isit the web gateway of Maashitla Securities Private Limited (https://maashitla.com/allotment-status/public-issues) 

Step 2: From the selection menu, choose Aeron Composite IPO. 

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number 

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA." 

Step 5: Enter the information relevant to the mode you have chosen. 

Step 6: For security reasons, please fill out the captcha accurately. 

Step 7: Click "Submit."

How to Check Aeron Composite IPO Allotment Status on BSE? 

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Aeron Composite IPO can monitor the allotment status: 

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx 

Step 2: Click on "Issue Type" and choose "Equity." 

Step 3: Choose "Aeron Composite Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number. 

Step 5: Give the PAN ID. 

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account? 

Log into your Internet Banking: Go to your bank's website or mobile app and log in. 

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab. 

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers. 

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information. 

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP). 

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO. 

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application. 

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation. 

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Aeron Composite IPO Timeline:

Aeron Composite IPO Subscription Status

The Aeron Composite IPO received 64.18 subscriptions. By 30th August, 2024 5:41:07 PM (Day 3), the public issue had been subscribed 19.66 times in the retail category, 136.85 times in the QIB category, and 71.17 times in the NII category.

Subscription Day 3 (as of 5:41:07 PM)

Total Subscription: 41.07 times.
QIBs: 27.82 times.
Non-institutional investors: 75.53 times.
Retail investors: 33.77 times.
 

Subscription Day 2

Total Subscription: 5.19 times.
QIBs: 3.61 times.
Non-institutional investors: 4.14 times.
Retail investors: 6.53 times.
 

Subscription Day 1

Total Subscription: 2.59 times.
QIBs: 2.62 times.
Non-institutional investors: 1.56 times.
Retail investors: 3.00 times.
 

Aeron Composite IPO Details

Aeron Composite's initial public offering (IPO) is a book-built issue amounting to ₹56.10 crores. This offering consists entirely of a fresh issue of 44.88 lakh shares.

The bidding process for the Aeron Composite IPO commenced on 28th August 2024 and concluded on 30th August 2024. The allotment results for this IPO are anticipated to be finalised on 2nd September 2024. Furthermore, the shares of Aeron Composite are set to be listed on the NSE SME, with a provisional listing date scheduled for 4th September 2024.

The price range for the Aeron Composite IPO has been established between ₹121 and ₹125 per share. Investors must apply for a minimum lot size of 1000 shares, which requires a minimum investment of ₹125,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (2,000 shares), totalling ₹250,000.
Hem Securities Limited serves as the book-running lead manager for the Aeron Composite IPO. Maashitla Securities Private Limited is designated as the registrar for this offering.

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