Aeron Composite IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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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/

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:

1. Funding our working capital requirements; and
2. General Corporate Expenses.

Aeron Composite IPO GMP grey market premium, review, Subscription, allotment, listing estimate

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: ?

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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.