September 4, 2024
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Aeron Composite IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Aeron Composite listing Review
On 4th September 2024, the scrip is listed at Rs. 150, 20% premium over the issue price. The listing has been marginally below the expectations of the grey market, which anticipated listing at around Rs.160.
Aeron Composite IPO allotment Link
What is the latest grey market premium of Aeron Composite IPO?
GMP Rs. 34
Subscription status of Aeron Composite IPO
Aeron Composite IPO (Closed)Price Rs. 125 Lot 1000 shares, Rs. 56.10 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 27.82 | 75.53 | 33.77 | 41.07 | 47,889 (33.77x) |
| Amount wise bids recd. Rs. 2304.03 Crore | ||||
| Note: | ||||
What is the business of Aeron Composite?
Aeron Composite specializes in the manufacture and supply of Fiber Glass Reinforced Polymer (FRP) products. Its offerings include FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, designed to meet a wide range of industrial needs. It delivers a comprehensive solution that encompasses conceptual design, prototype development, testing, manufacturing, logistics, installation, and after-sales service.
FRP products are made from a composite material that combines a polymer matrix (resins) with reinforcing fibers such as fiberglass, carbon, or aramid. This blend provides numerous advantages, including exceptional corrosion and chemical resistance, high strength, lightweight properties, electrical and thermal non-conductivity, and ease of fabrication.
Its manufacturing facility holds ISO 9001:2015 certification, validating its quality in the design, production, and supply of FRP pultruded products, handrails, cable trays, fencing, moulded gratings, cross arms, poles, rods, and moulded mounting structures for solar panels. Additionally, our in-house R&D unit is registered with the Department of Scientific & Industrial Research, focusing on developing new products and processes.
Recently, it received a Certificate of Recognition and earned the status of “Two Star Export House” under the Foreign Trade Policy, 2023. Its revenue streams include both domestic and international markets, serving over 800 customers across more than 30 countries worldwide.
Get more information about the company @ https://www.aeroncomposite.com/
Aeron Composite IPO Details |
|
| IPO opens on | 28 August 2024 |
| IPO closes on | 30 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4488000 Shares / Rs 56.10 Crore |
| * Fresh Issue | 4488000 Shares / Rs 56.10 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 228000 Shares |
| Net offer to Public | 4260000 Shares/ Rs.53.25 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.121-125 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2130000 | 26.63 |
| NII (15%) | 639000 | 7.98 |
| RII (35%) | 1491000 | 18.64 |
| Total Shares | 4260000 | 53.25 |
| Retail portion will be oversubscribed by | 1491 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.125000 |
| Min HNI Application | 2000 Shares | Rs.250000 |
Who are the Promoters of Aeron Composite IPO?
Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited are the company’s promoters.
What are the Objects of Aeron Composite IPO?
The Offer comprises of fresh issue of shares and offer for sale
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Funding our working capital requirements; and
- General Corporate Expenses.
Tentative timetable |
|
| IPO opens on | 28 August 2024 |
| IPO Closes on | 30 August 2024 |
| IPO Allotment on | 2 September 2024 |
| Refund Initiation | 3 September 2024 |
| Credit of Shares | 3 September 2024 |
| Listing on | 4 September 2024 |
| Registered Office of the Company Aeron Composite Limited Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad – 382213 |
| Who is the Lead Manager of this IPO? Hem Securities Limited |
|
Who is the Registrar to IPO? |
Aeron Composite IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Aeron Composite IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 109.92 | 3.63 | 2.95 | 23.25 |
| 2022-23 | 181.99 | 6.61 | 5.33 | 26.07 |
| 2023-24 11M | 180.80 | 9.42 | 7.52 | 27.09 |
| Book Value of the Share on 29.02.2024 |
Rs | 27.75 | ||
| BV of the Share at cap price after IPO |
Rs. | ? | ||
| Offer Price/upper band | Rs. | 125 | ||
IPO
|
|
| Price/EPS of 23-24 | 15.24 |
| Price/BV Ratio | 4.50 |
| Price/BV after IPO | – |
How Aeron Composite IPO compares with the Peers?
There are no listed companies in India that are engaged in the business line similar to that of this company, thus it is not possible to provide an industry comparison in relation to this company.
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aeron Composite IPO Review
Aeron Composite specializes in the manufacture and supply of Fiber Glass Reinforced Polymer (FRP) products. Its offerings include FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, designed to meet a wide range of industrial needs. It delivers a comprehensive solution that encompasses conceptual design, prototype development, testing, manufacturing, logistics, installation, and after-sales service.
Size: Net size of the IPO is Rs.53.25 crore, comprising of 4260000 shares. The size of the IPO is somewhat large and yet due to strong fundamentals, huge oversubscription is possible.
Financial Snapshot: The company has strong topline and bottomline during last 3 years. Based on the published figures, the shares are offered at reasonable valuation and there is good scope for listing gains.
+ from fundamental angle: Apply
+ from grey market angle: ?
Quicklinks
Aeron Composite IPO GMP today allotment, review?
Aeron Composite IPO GMP grey market premium
Aeron Composite IPO FAQs
What is Aeron Composite IPO?
This is a SME IPO of 4488000 equity shares of the face value of Rs. 10 aggregating up to Rs.56.10 Crores. The issue is priced at Rs.121-125 per share. The minimum order quantity is 1000 Shares.
When will Aeron Composite IPO subscription open?
Aeron Composite IPO opens on August 28, 2024, and closes on August 30, 2024.
What is the lot size of Aeron Composite IPO?
Aeron Composite IPO lot size is 1000 Shares, and the minimum amount required is Rs.125000
How to apply for Aeron Composite IPO?
You can apply in Aeron Composite 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Aeron Composite IPO allotment?
The finalization of Basis of Allotment for Aeron Composite IPO will be done on August 30, 2024, and the allotted shares will be credited to your demat account by September 02, 2024.
When is Aeron Composite IPO listing date?
Aeron Composite IPO listing date is September 4, 2024.
