Aeron Composite IPO: Key Highlights of Upcoming IPO

• Aeron Composite IPO is a book-built issue worth up to Rs 56.10 crores.
• Bidding opens on August 28 and closes on August 30, 2024.
• Aeron Composite SME IPO price band set at Rs 121 – Rs 125 per share.
• The minimum amount required for retail investors is Rs 1,25,000.

Aeron Composite IPO: Synopsis

Aeron Composite is open for subscription starting from Wednesday, August 28, 2024, and closes on Friday, August 30, 2024. The price band for this IPO is set at Rs 121 – Rs 125 per share.

Aeron Composite’ IPO is offering entirely a fresh issue of 44.88 lakh of equity shares. The allotment for this new IPO is expected to be finalized on Monday, September 2, 2024. The listing of this IPO will be done on Wednesday, September 4, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 1000 shares. For retail investors, the minimum and maximum investment amount required is Rs 125,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 2,000 shares amounting to Rs 250,000.

The IPO is managed by Hem Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Maashitla Securities Private Limited as the registrar for the issue. In contrast, Hem Finlease is the market maker for the Aeron Composite IPO.

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Aeron Composite Limited: About the Company

Aeron Composite Limited, established in 2011, specializes in the manufacture and supply of glass fibre reinforced polymer (FRP) products, including FRP pultruded products, moulded gratings, and rods for various industrial applications. The company offers a full spectrum of services, encompassing conceptual design, prototype development, testing, manufacturing, logistical support, installation, and after-sales service.

Aeron Composite’s manufacturing facility, located in Saket Industrial Estate, spans 26,320 square metres and is ISO 9001:2015 certified. As of July 31, 2024, the company employs 433 people across different levels of the organization.

Aeron Composite IPO: Objectives

The company intends to utilise the funding to achieve the various objectives including financing the necessary capital expenditures for the establishment of an extra industrial facility and for general corporate purpose.

Aeron Composite IPO: Other Important Details

Time Table of Aeron Composite IPO

Aeron Composite IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Aeron Composite Limited and Their Holdings

The company's promoters are Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited. The promoter(s) collectively held 100.00% of the company's shares. However, post-IPO, their combined shareholding will be 73.63%.

FAQs

1.       What are the core details available for the Aeron Composite IPO?

Aeron Composite IPO is a Book-built public issue of 44.88 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 44.88 lakh equity shares worth up to Rs 56.10 crores. The allotment for this new IPO is expected to be finalised on Monday, September 2, 2024.

2.       How can I apply for the Aeron Composite IPO?

The public subscription of this new IPO opens on August 28 and closes on August 30, 2024. Click here to initiate the application process.

3.       Who is the lead manager(s) for the Aeron Composite IPO?

Hem Securities Limited was appointed as the book-running lead manager for the IPO.

4.       Who is appointed as the registrar for this IPO?

Maashitla Securities Private Limited has been appointed as the registrar for this public issue.

5.       How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding to achieve the various objectives including financing the necessary capital expenditures for the establishment of an extra industrial facility and for general corporate purpose.

6.       How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Aeron Composite IPO by visiting here, for further updates, follow Bigul.

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