Aeron Composites IPO
IPO Listing Details
- Listing Date
04 Sep 2024
- Listing Price
₹ 150.00
- Listing Change
20.00%
- Last Traded Price
₹ 194.95
IPO Details
- Open Date
28 Aug 2024
- Close Date
30 Aug 2024
- IPO Price Range
₹ 121 to ₹ 125
- IPO Size
₹ 56.10 Cr
- Listing Exchange
NSE SME
- Listing Date
04 Sep 2024
IPO Timeline
Aeron Composites IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Aug-24 | 2.62 | 1.54 | 2.95 | 2.56 |
| 29-Aug-24 | 3.61 | 4.13 | 6.43 | 5.14 |
| 30-Aug-24 | 27.82 | 75.53 | 33.77 | 41.07 |
Last Updated: 30 August 2024 6:14 PM by 5Paisa
Last Updated: 30th August 2024, 6:00 PM by 5paisa
Aeron Composite IPO is set to open on 28 August 2024 and will close on 30 August 2024. The company specialises in the manufacturing and supply of glass fibre reinforced polymer (FRP) products.
The IPO includes a fresh issue of 44,88,000 shares aggregating up to ₹56.10 Cr. The price is ₹121 to ₹125 per share and the lot size is 1000 shares.
The allotment is scheduled to be finalised on 02 September 2024. It will go public on NSE SME, with a tentative listing date of 04 September 2024.
Hem Securities Ltd is the book-running lead manager, while Maashitla Securities Pvt Ltd is the registrar.
Aeron IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 56.10 |
| Offer for sale | - |
| Fresh issue | 56.10 |
Aeron IPO Lot Size
| 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 |
Aeron IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 27.82 | 8,10,000 | 2,25,31,000 | 281.64 |
| NII (HNI) | 75.53 | 6,08,000 | 4,59,20,000 | 574.00 |
| Retail | 33.77 | 14,18,000 | 4,78,89,000 | 598.61 |
| Total | 41.07 | 28,36,000 | 11,64,62,000 | 1,455.78 |
Aeron IPO Anchor Allocation
| Anchor Bid Date | 27 August, 2024 |
| Shares Offered | 1,214,000 |
| Anchor Portion Size (In Cr.) | 15.18 |
| Lock in Period for 50% shares (30 days) | 2 October, 2024 |
| Lock in Period for rest of shares (90 days) | 1 December, 2024 |
1. Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit.
2. General Corporate Purpose.
Aeron Composite Limited, established in 2011, specialises in the manufacturing and supply of glass fibre reinforced polymer (FRP) products, including FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, designed for various industrial applications.
The company provides end-to-end solutions, offering services that range from conceptual design and prototype development to testing, manufacturing, logistical support, installation, and after-sales service.
Aeron Composite’s manufacturing facility, located in Saket Industrial Estate, spans 26,320 square metres. The facility is ISO 9001:2015 certified for the design, manufacture, and supply of a wide range of FRP products, including pultruded products, handrails, cable trays, fencing, moulded gratings, cross arms, poles, rods, and moulded mounting structures for solar panels (MMS).
As of July 31, 2024, the company employed 433 individuals across various levels of the organisation.
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 181.99 | 109.93 | 79.06 |
| EBITDA | 9.82 | 5.99 | 6.11 |
| PAT | 6.61 | 3.62 | 2.55 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 69.10 | 60.63 | 43.60 |
| Share Capital | 1.57 | 1.30 | 1.30 |
| Total Borrowings | 14.00 | 12.56 | 10.43 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.17 | 0.01 | 3.59 |
| Net Cash Generated From / (used in) investing activities | 2.73 | -1.68 | -1.91 |
| Net Cash Generated From / (used in) financing activities | 3.05 | 0.85 | -4.11 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1.49 | -0.81 | -2.43 |
Strengths
1. Aeron Composite Limited focuses on the niche segment of glass fibre reinforced polymer products, catering to industries with specific needs.
2. The company provides end-to-end solutions and this integrated approach adds value and strengthens customer relationships.
3. The company operates a large, ISO 9001:2015 certified manufacturing facility spread across 26,320 square metres.
4. Aeron Composite offers an extensive portfolio enabling it to serve multiple industries like construction, energy, and infrastructure.
Risks
1. The company’s performance is tied closely to the industries it serves, such as construction, energy, and infrastructure.
2. The FRP products market is competitive, with both domestic and international players offering similar solutions.
3. The company relies on raw materials like glass fibre and resins, which are subject to price fluctuations.
4. A significant portion of revenue could be reliant on a few key customers or projects, which introduces revenue concentration risk.
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FAQs
Aeron Composite IPO opens from 28th August to 30th August 2024.
The size of the Aeron Composite IPO is ₹56.10 Cr.
The price of Aeron Composite IPO is fixed at ₹121 to ₹125 per share.
To apply for Aeron Composite IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Aeron Composite IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Aeron Composite IPO is 1,000 shares and the investment required is ₹1,25,000.
The share allotment date of Aeron Composite IPO is 02nd September 2024
The Aeron Composite IPO will be listed on 04th September 2024.
Hem Securities Ltd is the book-running lead manager for Aeron Composite IPO.
Aeron Composite plans to utilise the raised capital from the IPO for:
1. Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit.
2. General Corporate Purpose.
Contact Information
Aeron Composites
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 Composites IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Aeron Composites IPO Lead Manager
Hem Securities Limited
