Aeron Composite Limited

Company Profile
Company Name Aeron Composite Limited
Open Date 28-08-2024
Close Date 30-08-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹121 to ₹125 per share
Issue Size 44,88,000 shares
Application Amount ₹1,25,000
Recommendation Apply
Aeron Composite Limited was originally formed and incorporated on May 13, 2011. The registered office is located at Ahmedabad, Gujarat. The Company is mainly engaged in the business of manufacturing and supplying of Fiber Glass Reinforce Polymer Products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. The company had 433 permanent employees as of July 31, 2024.
(Read more on the review)

Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 10,833.53 17,938.42 17,914.46
EBITDA 623.67 1,017.09 1,482.13
Net Profit 362.14 661.15 942.22
RoCE 23.69% 31.71% 30.91%
ROE 23.25% 26.07% 27.09%
P/E 42.37 23.45 16.62

Tentative Timeline

Opening Date 28-08-2024
Closing Date 30-08-2024
Basis of Allotment 02-09-2024
Initiation of Refunds 03-09-2024
Credit of Shares to Demat 03-09-2024
Listing Date 04-09-2024

Objects of the Issue

Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit.
General Corporate Purposes.

Contact Information

Registered Office 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/

Registrar Details

Name Maashitla Securities Private Limited
Phone +91-11-45121795-96
Email ipo@maashitla.com
Website https://maashitla.com/allotment-status/public-issues

IPO Reservation

Anchor Investor Shares Offered 12,14,000 (28.38%)
Market Maker Shares Offered 2,28,000 (5.33%)
QIB Shares Offered 8,10,000 (18.93%)
NII (HNI) Shares Offered 6,08,000 (14.21%)
Retail Shares Offered 14,18,000 (33.15%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.63%

Contact Us to Enable Your Success!