Aeron Composites Ltd
Price Range
₹121 - ₹125
Min. Quantity
1,000
Closes on
30 August 2024
Min. investment
₹1,25,000/1,000 Shares
Aeron Composites Ltd IPO Timeline
Aeron Composites Limited was originally incorporated as Private Limited Company in the name of 'Aeron Composite Private Limited' vide Certificate of Incorporation dated May 13, 2011 issued by, the Registrar of Companies, Gujarat, Dadra and Nagar Havelli . Subsequently, Company converted into a Public Limited Company and the name was changed to 'Aeron Composite Limited' vide a fresh Certificate of Incorporation dated June 19, 2024 issued by the Registrar of Companies, Central Processing Centre,
| Event | Date |
|---|---|
| Aeron Composites Ltd IPO Opening Date | 28 August 2024 |
| Aeron Composites Ltd IPO Closing Date | 30 August 2024 |
| Basis of Allotment | 2 September 2024 |
| Initiation of Refunds | 3 September 2024 |
| Credit of Shares to Demat | 3 September 2024 |
| Aeron Composites Ltd IPO Listing Date | 4 September 2024 |
Aeron Composites Ltd IPO Details
| Aeron Composites Ltd IPO Date | 28 August 2024 to 30 August 2024 |
| Aeron Composites Ltd IPO Face Value | ₹10 per share |
| Aeron Composites Ltd IPO Price | ₹121 to ₹125 per share |
| Aeron Composites Ltd IPO Lot Size | 1,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹56.1 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹56.1 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya |
Aeron Composites Ltd IPO Lot Size
The Aeron Composites Ltd IPO lot size is 1,000 shares. A retail-individual investor can apply for up to 1 lots (1,000 shares or ₹1,25,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,000 | ₹1,25,000 |
| Maximum | 1 | 1,000 | ₹1,25,000 |
- Strengths
- Risks
- Opportunities
- 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 Financials
Aeron Composites Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 101.28 | 201.68 | 10.11 |
| 03-2023 | 69.09 | 181.99 | 6.61 |
| 03-2022 | 60.63 | 109.92 | 3.62 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure requirements towards setting up of an additional mfg unit
- General corporate purposes
Aeron Composites Ltd IPO Promoter Holding
| Pre Issue Share Holding | 3.83% |
| Post Issue Share Holding | 2.82% |
Aeron Composites Ltd IPO Subscription Status (Bidding Detail)
The Aeron Composites Ltd IPO is subscribed 35.7746 times on 30 August 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 35.7746 |
Aeron Composites Ltd IPO Prospectus
Aeron Composites Ltd IPO Listing Date
| Listing Date | 4 September 2024 |
| BSE Script | 74480 |
| NSE Symbol | AERON |
| Listing In | NSE - SME |
| ISIN | INE0WL801011 |
| IPO Price | ₹125 |
| Face Value | ₹10 |
Company Contact Information
Saket Ind.Estate Plot No.30/31Sarkhej Bavla H.Ways Changodar,Ahmedabad-382213
Phone: +91 99099 88266
Email: cs@aeroncomposite.com
Website: www.aeroncomposite.com
Aeron Composites Ltd IPO Registrar
Aeron Composites Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Aeron Composites Ltd IPO?
I have pre-applied for Aeron Composites Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.