Aeron Composite Limited
Bookbuilding IPO · NSE
- Price band
- ₹121 - ₹125
- Lot size
- 1,000 shares
- Issue amount
- ₹56.1 cr
- Total subscription
- 38.45×
- Opens
- 28 Aug 2024
- Closes
- 30 Aug 2024
- Allotment
- 2 Sept 2024
- Listing
- 4 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 44,88,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,21,000
- Fresh issue
- ₹56.1 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,25,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,25,32,000
- Shares after issue
- 1,70,20,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,25,000 |
| HNI | 2 | 2,000 | ₹2,50,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.12 | 281.64 |
| RETAIL | 17.73 | 603.67 |
| EMPLOYEES | 2.62 | 1.55 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 7.52 | 5.33 | 2.95 |
| ROE | 31.33 | 32.3 | 26.19 |
| ROCE | 29.67 | 27.52 | 20.97 |
| RONW | 26.07 | 23.25 | 21.13 |
| PRE IPO(PE) | 23.69 | 0 | 0 |
| POST IPO(PE) | 20.7 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Aeron Composite Limited was founded in 2011 and specializes in making FRP (Fibre Reinforced Polymer) products used in various industries. They manufacture FRP pultruded products, FRP moulded gratings, and FRP rods, offering complete solutions from design and testing to manufacturing, installation, and after-sales service. Their production facility is located at Saket Industrial Estate, covering 26,320 square metres, and is ISO 9001:2015 certified. The company produces items like handrails, cable trays, fencing, poles, and solar panel mounting structures (MMS). As of July 31, 2024, the company had 433 employees working at different levels.
Strengths
- Global Presence: Earning revenue from different countries, establishing a strong market reach worldwide.
- Quality First: Always committed to delivering top-quality products and services.
- Wide Product Range: Offering a variety of Fiber Glass Reinforced Polymer (FRP) products for different industrial needs.
Risk factors
- Capital Intensity: The business needs a lot of money to grow. If the company can't arrange more funds, it might slow down expansion and affect daily operations.
- International Exposure: Since a big part of the company's income comes from outside India, any negative global events or currency rate changes could impact its earnings.
- Rising Costs: Higher prices of raw materials and labor could hurt the company's profits and overall financial health.
Promoters
Dilipkumar Ratilal Patel
Chirag Chandulal Patel
Pankaj Shantilal Dadhaniya
Ravi Pankajkumar Patel
A. International Private Limited
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad - 382213
+91 9909988266
[email protected]Company website ↗Understanding AERON IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.