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Aeron Composites Ltd

Plastic products

Offer Period :

28th to 30th Aug 2024

Aeron Composite Limited, established in 2011, manufactures and supplies glass fibre reinforced polymer (FRP) products, including pultruded products, moulded gratings, and rods for industrial applications. Read more...The company offers end-to-end solutions from design to after-sales service. Its ISO 9001:2015 certified manufacturing facility, located in Saket Industrial Estate, spans 26,320 square metres. Aeron Composite employs 433 people as of July 31, 2024, and specializes in FRP products like handrails, cable trays, fencing, and solar panel mounting structures. Read less

Aeron Composites Ltd IPO Details

IPO Date 28th to 30th Aug 2024 Minimum Investment ₹125000 / 1 Lots
Listing Date 2024-09-04 Maximum Investment ₹125000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹56.1 Crores
Price ₹121 to ₹125 per share Fresh Issue ₹56.1 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 28th to 30th Aug 2024
Listing Date 2024-09-04
Face Value ₹10 per share
Price ₹121 to ₹125 per share
Lot Size 1 Lots (1000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹125000 / 1 Lots
Maximum Investment ₹125000 / 1 Lots
Total Issue Size ₹56.1 Crores
Fresh Issue ₹56.1 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

28th Aug

IPO Starts

30th Aug

IPO Ends

2nd Sep

Allotment Date

3rd Sep

Initiation of Refund

3rd Sep

Credit of Shares to Demat Account

4th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.63
Public Group 0 26.37

Aeron Composites Ltd IPO Reservation

QIB Shares Offered 809600(18.04%)
NII (HNI) Shares Offered 608000(13.55%)
Retail Shares Offered 1418000(31.6%)
Anchor Investor Shares Offered 1214400(27.06%)
Total Shares Offered 4488000
Total Shares With Anchor Investor 4488000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Aeron Composites Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number +91-11-45121795
Email Id investor.ipo@maashitla.com
Our Website www.maashitla.com

Aeron Composites Ltd IPO Lead Manager

1. Hem Securities Ltd

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Aeron Composites Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Aeron Composites Ltd

1. Revenue from multiple geographies from various countries across the Globe.

2. Consistent focus on quality.

3. Diverse range of Fiber Glass Reinforce Polymer Products.

4. Branding and promotional activities.

5. Experienced Senior Management.

Risks Involved

1. 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.

2. 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.

3. Increase in the prices of raw materials and labour could have an adverse effect on its business, results of operations and financial condition.

4. The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of raw materials from such selective suppliers and geographical location could have a material adverse effect on its business operations and financial conditions.

5. The company plan relating to establishment of its new manufacturing unit in Mehsana district of Gujarat, is subject to the risk of unanticipated delays in implementation and the company may requires to temporarily shut down its production operations while shifting to the new manufacturing unit which could have an impact on the production operations of the Company.

6. The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

7. If there are delays in setting up the Proposed manufacturing unit or if the costs of setting up and the possible time or cost overruns related to the Proposed manufacturing unit or the purchase of plant and machinery for the Proposed manufacturing unit are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.

8. The Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

9. Under-utilization of its manufacturing capacities and an inability to effectively utilize the company existing manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

10. The Company is in the process of making application for change in name in some of the permits, licenses and approvals, which are under Company's former name. Failures to update the same in a timely manner may adversely affect its operations and financial conditions.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Aeron Composites Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-04 0 -
INE0WL801011
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹121 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Aeron Composites Ltd IPO?

Answer Field

Aeron Composites Ltd IPO is a SME IPO of 44,88,000 equity shares of a face value of ₹10 aggregating up to ₹56.1 Crores. The issue is priced at ₹121 to ₹125 per share. The minimum order quantity is 1000 Shares. The IPO opens on August 28, 2024, and closes on August 30, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Aeron Composites Ltd IPO will open?

Answer Field

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

What is the lot size of Aeron Composites Ltd?

Answer Field

Aeron Composites Ltd lot size is 1000 shares, and the minimum amount required is ₹1,25,000.

How to apply for Aeron Composites Ltd IPO?

Answer Field

You can apply in Aeron Composites Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Aeron Composites Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Aeron Composites Ltd IPO will be done on September 02, 2024, and the allotted shares will be credited to your demat account by September 03, 2024.

When is Aeron Composites Ltd IPO listing date?

Answer Field

The Aeron Composites Ltd listing date is September 04, 2024.

Who is the registrar of Aeron Composites Ltd IPO?

Answer Field

The registrar of Aeron Composites Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Aeron Composites Ltd IPO?

Answer Field

The fresh issue size is ₹56.1 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Aeron Composites Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,25,000 amount.

How can I approve the UPI mandate request for Aeron Composites Ltd IPO?

Answer Field

To apply for Aeron Composites Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Aeron Composites Ltd?

Answer Field

The price of each Aeron Composites Ltd share will be ranging in between ₹121 to ₹125 per share.

What is the cut-off time for the UPI mandate for Aeron Composites Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 30, 2024.

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