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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.

Aeron Composites Ltd IPO Details

Total Shares Offered

₹ 44,88,000

Offer to Public

TBA

Retail Max (Shares)

₹ 14,18,000

Pre Issue Promoters Holding

₹ 1,25,32,000

Exchange

NSE

Issue size

₹ 56.1 Cr

IPO Open Date

Aug 28, 2024

Close Date

Aug 30, 2024

Lot Size

1000

Min Investment

₹ 1,21,000

Issue Type

Book Building - SME

Listing Date

Sep 4, 2024

Aeron Composites Ltd IPO Dates

Aug 28, 2024

Opening date

Aug 30, 2024

Closing date

Sep 2, 2024

Basis of Allotment

Sep 3, 2024

Initiation of Refunds

Sep 3, 2024

Credit of Shares

Sep 4, 2024

Listing date

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*
QIB	0x	2024000
NII	0x	608000
Retail	0x	1418000
Employee	0x	210000
Total	0x	4488000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2024000

608000

1418000

210000

4488000

Aeron Composites Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	21.39	16.73	11.19
EBITDA	24.59	18.95	12.81
PAT	13.34	10.11	6.61
Total Assets	150.60	78.09	57.98
Share Capital	17.02	1.57	1.57
Total Borrowings	51.56	18.29	19.83
Operating Activities (Net Cash)	16.54	12.33	8.23
Investing Activities (Net Cash)	-35.26	-4.08	-0.38
Financing Activities (Net Cash)	51.56	18.29	19.83
Net Cashflow	45.68	5.09	1.96

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.

Peer Comparison:

No Listed Industry Peers

Aeron Composites Ltd 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.

How To Apply for Aeron Composites Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Aeron Composites Ltd IPO?

Aeron Composites Ltd's IPO offers shares for up to 56.1 It begins on Aug 28, 2024 and ends on Aug 30, 2024.

What is the price of the Aeron Composites Ltd IPO?

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

What are the open and close dates for the Aeron Composites Ltd IPO?

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

When will the Aeron Composites Ltd IPO be allotted?

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.

What is the minimum lot size required for Aeron Composites Ltd IPO?

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

What is the GMP of Aeron Composites Ltd IPO?

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

How do you check the allotment status of Aeron Composites Ltd IPO?

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.'

Where is the Aeron Composites Ltd IPO getting listed?

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.

How do you apply for the Aeron Composites Ltd IPO?

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.