Aeron Composites Ltd IPO
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Aeron Composites Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 44.88 L | TBA | ₹ 14.18 L | ₹ 125.32 L | NSE | ₹ 56.1 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 28 Aug, 24 | 30 Aug, 24 | 1000 | ₹ 1,21,000 | Book Building - SME | 04 Sep, 24 |
Aeron Composites Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Plastics Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 11.13x | 2024000 | 22531000 |
| NII | 75.95x | 608000 | 46177000 |
| Retail | 34.06x | 1418000 | 48294000 |
| Employee | 0.59x | 210000 | 124000 |
| Total | 26.1x | 4488000 | 117126000 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 16.73 | 11.19 | 6.68 |
| EBITDA | 18.95 | 12.81 | 8.34 |
| PAT | 10.11 | 6.61 | 3.62 |
| Total Assets | 78.09 | 57.98 | 51.08 |
| Share Capital | 1.57 | 1.57 | 1.30 |
| Total Borrowings | 18.29 | 19.83 | 20.34 |
| Operating Activities (Net Cash) | 12.33 | 8.23 | 5.28 |
| Investing Activities (Net Cash) | -4.08 | -0.38 | 0.00 |
| Financing Activities (Net Cash) | 18.29 | 19.83 | 20.34 |
| Net Cashflow | 5.09 | 1.96 | 0.89 |
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.