Aeron Composite Limited

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.