Aeron Composites Ltd IPO

Incorporated in 2011, Aeron Composites Limited is 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 provides comprehensive solution which includes conceptual design, prototype development, testing, manufacturing, logistic support, installation and after sales service. The Company is generating revenue from a combination of domestic operations and international endeavours from more than 30 countries across the Globe, serving over 800 customers. Further, our in-house R & D unit is registered with the Department of Scientific & Industrial Research for purpose of developing new products and processes.

Open Demat Account

50years

Aeron Composites Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 44.88 LTBA₹ 14.18 L₹ 125.32 LNSE₹ 56.1 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
28 Aug, 2430 Aug, 241000 ₹ 1,21,000 Book Building - SME04 Sep, 24

Aeron Composites Ltd IPO Dates

  • 28 Aug 2024

    Opening date

  • 30 Aug 2024

    Closing date

  • 02 Sep 2024

    Basis of
    Allotment

  • 03 Sep 2024

    Initiation of
    Refunds

  • 03 Sep 2024

    Credit of
    Shares

  • 04 Sep 2024

    Listing date

Details

SectorType
SectorPlastics Products
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB11.13x202400022531000
NII75.95x60800046177000
Retail34.06x141800048294000
Employee0.59x210000124000
Total26.1x4488000117126000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Aeron Composites Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations11.186.685.46
EBITDA12.808.347.27
PAT6.613.622.55
Total Assets57.9451.0834.04
Share Capital1.571.301.30
Total Borrowings19.7920.3412.18
Operating Activities (Net Cash)8.235.284.36
Investing Activities (Net Cash)-0.380.000.00
Financing Activities (Net Cash)19.7920.3412.18
Net Cashflow1.960.891.45

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Aeron Composites Ltd

Aeron Composite Limited was originally incorporated as Private Limited Company in the name of Aeron Composite Private Limited under the Companies Act, 1956 vide Certificate of Incorporation dated May 13, 2011 issued by, the Registrar of Companies, Gujarat, Dadra and Nagar Havelli with CIN U25209GJ2011PTC065419. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on May 06, 2024 the Company was converted into a Public Limited Company and consequently the name of the Company was changed from Aeron Composite Private Limited to Aeron Composite Limited vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated June 19, 2024 issued by the Registrar of Companies, Central Processing Centre, bearing CIN U25209GJ2011PLC065419.

The Indian composites market is expected to reach an estimated value of US$ 1.9 billion by 2026 with a CAGR of 16.3% from 2021 to 2026 and the Indian consumption of composite materials will touch 7,68,200 tonnes in 2027. The global composites market size is projected to grow from USD 74.0 billion in 2020 to USD 112.8 billion by 2025, at a CAGR of 8.8%. The composites industry is growing due to the rise in demand for high performance materials, globally.

Incorporated in 2011, Aeron Composites Limited is 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 provides comprehensive solution which includes conceptual design, prototype development, testing, manufacturing, logistic support, installation and after sales service. The Company is generating revenue from a combination of domestic operations and international endeavours from more than 30 countries across the Globe, serving over 800 customers. Further, our in-house R & D unit is registered with the Department of Scientific & Industrial Research for purpose of developing new products and processes.

Peer Comparison:

  • No Listed Industry Peers

Aeron Composites Ltd IPO Key Points

Strengths

  • 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.

Risk

  • Its business is capital intensive in nature. If the company is unable to raise additional funds whenever required, or on terms acceptable to it, the company may be required to scale down or abandon its expansion & growth plans and/or reduce capital expenditures and the size of its operations, any of which could materially and adversely affect its business, financial position and results of operations.
  • The company derives a significant portion of its revenues and a portion of the company expenditures from various countries outside India. Any adverse developments in these markets along with fluctuations in Exchange rates, may negatively impanct its results of operations.
  • Increase in the prices of raw materials and labour could have an adverse effect on its business, results of operations and financial condition.

Strategy

  • Setup of new integrated manufacturing unit.
  • Augmenting growth in domestic and global markets.
  • Continue to invest in R&D capabilities.
  • Continue to strengthen its existing product portfolio and diversify into new product lines.
  • 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.

How To Apply for Aeron Composites Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Aeron Composites Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 28, 2024 and ends on Aug 30, 2024.

The price of Aeron Composites Ltd IPO ranges between ₹121 to ₹125 per share.

The Aeron Composites Ltd IPO opens on Aug 28, 2024 and closes on Aug 30, 2024.

The allotment for the Aeron Composites Ltd IPO will be finalised on Sep 2, 2024. The shares will be listed on BSE and NSE on Sep 4, 2024.

The minimum lot size for Aeron Composites Ltd IPO is 1000 shares, priced between ₹121 to ₹125 per share.

The GMP (Grey Market Premium) of Aeron Composites Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Aeron Composites Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Aeron Composites Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 28, 2024, and closes on Aug 30, 2024. The allotment is finalised on Sep 2, 2024.

To apply for the Aeron Composites Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.