Aeron Composite IPO Details: The Aeron Composite IPO is scheduled to open on August 28, 2024, and will close on August 30, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹56.10 crores through the IPO, which includes a fresh issue of ₹56.10 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band has been set between ₹121 to ₹125 per share, with 35% of the shares allocated for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The shares are expected to be listed on the NSE on September 4, 2024, with the allotment date set for September 2, 2024.
For the fiscal year ending in February 2024, the company reported revenue of ₹180.80 crores, slightly down from ₹181.99 crores in 2023. However, profits increased to ₹9.42 crores in February 2024, up from ₹6.61 crores in 2023. Given these financials, long-term investors may find the IPO to be a promising opportunity.
Aeron Composite IPO Objectives:
The company intends to use the net proceeds from the issue towards the following objectives:
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
- General Corporate Purpose
Aeron Composite IPO Review (Apply or Not)
- Update soon
Aeron Composite IPO Date & Price Band Details:
| IPO Open Date: | August 28, 2024 |
| IPO Close Date: | August 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹125 Per Share |
| Issue Size: | Approx ₹56.10 Crores |
| Fresh Issue: | Approx ₹56.10 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Aeron Composite IPO Lot Size:
The minimum market lot for the Aeron Composite IPO is 1,000 shares, requiring an application amount of ₹125,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹125,000 |
| Retail Maximum | 2 | 1000 | ₹125,000 |
| HNI Minimum | 3 | 2000 | ₹250,000 |
Aeron Composite IPO Timeline:
The Aeron Composite IPO is set to open on August 28 and will close on August 30. The allotment of shares will be finalized on September 2, with the IPO listing scheduled for September 4
| IPO Open Date: | August 28, 2024 |
| IPO Close Date: | August 30, 2024 |
| Basis of Allotment: | September 2, 2024 |
| Refunds: | September 3, 2024 |
| Credit to Demat Account: | September 3, 2024 |
| IPO Listing Date: | September 4, 2024 |
Aeron Composite IPO GMP Today:
The latest Grey Market Premium (GMP) for the Aeron Composite SME IPO is ₹0. With a price band of ₹125.00, the estimated listing price is ₹125 (cap price + today’s GMP). Based on this, the expected percentage gain or loss per share is 0.00%.
Aeron Composite Company Financial Report
The company reported revenue of ₹180.80 crores in Feb, 2024 against ₹181.99 crores in 2023. The company reported a profit of ₹9.42 crores in Feb, 2024 against a profit of ₹6.61 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹79.06 | ₹75.41 | ₹2.55 | ₹43.60 |
| 2022 | ₹109.93 | ₹104.91 | ₹3.62 | ₹60.63 |
| 2023 | ₹181.99 | ₹172.43 | ₹6.61 | ₹69.10 |
| Feb 2024 | ₹180.80 | ₹167.44 | ₹9.42 | ₹99.79 |
Aeron Composite IPO Valuation – FY2023
Check Aeron Composite IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 32.30% |
| ROCE: | 27.52% |
| EBITDA Margin: | 5.48% |
| PAT Margin: | 3.69% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ₹5.33 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.07% |
| Net Asset Value (NAV): | ₹20.44 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | – | – | – | – | – |
| NA | – | – | – | – | – |
Aeron Composite IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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/
Aeron Composite IPO FAQs
1. When is the Aeron Composite IPO open for subscription?
- The Aeron Composite IPO will open on August 28, 2024, and close on August 30, 2024.
2. What is the price band for the Aeron Composite IPO?
- The price band for the IPO is set between ₹121 and ₹125 per share.
3. What is the minimum lot size for the IPO?
- The minimum market lot for the Aeron Composite IPO is 1,000 shares, which requires an application amount of ₹125,000.
4. What are the allotment and listing dates for the IPO?
- The allotment of shares will be finalized on September 2, 2024. The shares are expected to be listed on the NSE on September 4, 2024.
5. What is the Grey Market Premium (GMP) for the Aeron Composite IPO?
- As of August 24, 2024, the latest GMP for the Aeron Composite IPO is ₹0, indicating no premium in the grey market.
6. How is the share allocation divided among investors?
- The IPO share allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
7. What are the financial highlights of Aeron Composite?
- For the fiscal year ending February 2024, Aeron Composite reported revenue of ₹180.80 crores, compared to ₹181.99 crores in 2023. The company’s profit increased to ₹9.42 crores in February 2024 from ₹6.61 crores in 2023.
8. Should investors consider applying for the IPO?
Based on the company’s financial performance, long-term investors might find the IPO to be a promising opportunity.
