Aeron Composite Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Aug 2024

Close Date

30 Aug 2024

Allotment

02 Sep 2024

Listing Date

04 Sep 2024

Exchange

NSE SME

Price Band

₹125

Listing Price

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Allotment Status

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Price Band

₹125

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

44,88,000 shares (aggregating up to ₹56.10 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹125,000

1 lot

Pre-IPO Holding

1,25,32,000 shares

Promoters

Post-IPO Holding

1,70,20,000 shares

Promoters

P/E (Pre)

23.69x

P/E (Post)

20.7x

EPS (Pre)

₹5.28

EPS (Post)

₹6.04

UPI Deadline

2024-08-30

Mandate

Anchor AllotmentTue, 27 Aug 2024

Basis of AllotmentMon, 02 Sep 2024

Refund InitiationTue, 03 Sep 2024

Demat CreditTue, 03 Sep 2024

Listing DayWed, 04 Sep 2024

UPI Mandate Deadline2024-08-30

Sale TypeFresh Capital

Net Offer to Public42,60,000 shares (aggregating up to ₹53.25 Cr)

Market Maker Quota2,28,000 shares (aggregating up to ₹2.85 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Aeron Composite Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Aug 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	228,000	—	₹2.85
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,488,000	100%	₹56.10

IPO Shares Offered

Aeron Composite Ltd IPO total issue size: ₹56.10 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	228,000	₹2.85	5.08%
Total	4,488,000	₹56.10	100.00%

* Based on upper price band ₹125 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹125.00

Upper Band

Min Investment

₹125,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹250,000
Retail (Max — 13 Lots)	13	13,000	₹1,625,000
S-HNI (Min — 14 Lots)	14	14,000	₹1,750,000
B-HNI (Min — 68 Lots)	68	68,000	₹8,500,000

* Issue Price ₹125 × Lot Size 1,000 shares

IPO Schedule

Anchor

27 Aug 2024

✓ Done

IPO Open

28 Aug 2024

✓ Done

IPO Close

30 Aug 2024

✓ Done

Allotment

02 Sep 2024

✓ Done

Refunds

03 Sep 2024

✓ Done

Demat Credit

03 Sep 2024

✓ Done

Listing Day

04 Sep 2024

✓ Done

₹125.00

INR · NSE

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Issue ₹125.00 Live Price

About Aeron Composite Ltd

Aeron Composite Limited was established in 2011 and is engaged in the manufacture and supply of glass fibre reinforced polymer products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications.The company offers comprehensive solutions that include conceptual design, prototype development, testing, manufacturing, logistical support, installation and after-sales service.The company's manufacturing facility is located in Saket Industrial Estate and is spread over 26320 square metres. The manufacturing facility is ISO 9001:2015 certified for the design, manufacture and supply of FRP pultruded products, FRP Handrails, FRP cable trays, FRP fencing, FRP moulded gratings, FRP Cross arm, FRP poles, FRP rods and moulded mounting structures for solar panels (MMS).As of July 31,2024, the company employed 433 people at various levels of the organisation.

Objects of the Issue

Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit

General Corporate Purpose

Aeron Composite Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹10,992.5

31 Mar 2022

₹18,199.3

31 Mar 2023

₹18,080.4

29 Feb 2024

Profit After Tax (PAT)

₹362.1

31 Mar 2022

₹661.2

31 Mar 2023

₹942.2

29 Feb 2024

Particulars	29 Feb 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	18080.35	18199.26	10992.50
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	942.23	661.15	362.12
Net Worth	3478.19	2535.96	1557.35
Total Assets	9979.42	6910.21	6063.23
Reserves & Surplus	3321.54	2379.31	1427.35
Borrowings	1208.23	1399.62	1255.54
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	5.26%	—	—

P/BV Ratio

4.50

RoE

31.33

RoCE

29.67

RoNW

27.09

PAT Margin

5.26%

Debt/Equity

0.35

Issue Structure & Shareholding

Total Shares Offered44,88,000 (100.00%)

Net Offer to Public42,60,000 shares (aggregating up to ₹53.25 Cr)

Reserved for Market Maker2,28,000 shares (aggregating up to ₹2.85 Cr)

Pre-Issue Promoter Holding1,25,32,000 shares

Post-Issue Promoter Holding1,70,20,000 shares

P/BV Ratio4.50

RoE31.33

RoCE29.67

Debt / Equity0.35

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Aeron Composite Ltd IPO subscribed? ▲

Aeron Composite Ltd IPO is subscribed 1.00 times by Aug 30, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Aeron Composite Ltd IPO retail subscription status? ▼

The Aeron Composite Ltd IPO retail category is subscribed 1.00 times as of 30 Aug 2024. The retail portion is oversubscribed.

How to subscribe Aeron Composite Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Aug 2024 and closes 30 Aug 2024. Min investment: ₹125,000 (1 lot = 1,000 shares). UPI mandate: 2024-08-30.

How many times Aeron Composite Ltd IPO subscribed? ▼

The Aeron Composite Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Aeron Composite Ltd IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd.) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Sep 2024. Refunds: on 03 Sep 2024.

When Aeron Composite Ltd IPO will be listed? ▼

The Aeron Composite Ltd IPO listing date is 04 Sep 2024, Wednesday. Listed on: NSE SME. Issue price: ₹125. Estimated listing: ₹125. GMP: NIL.

When Aeron Composite Ltd IPO close? ▼

The Aeron Composite Ltd IPO closes on 30 Aug 2024, Friday. UPI mandate: 2024-08-30. Allotment: 02 Sep 2024. Listing: 04 Sep 2024.

Quick Actions

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Live Price LIVE

Last Price₹125.00

Change—

Issue Price₹125.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹125

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹125,000

GMPNIL

Est. Listing₹125

Subscribed1.00x

Open Date28 Aug 2024

Close Date30 Aug 2024

Allotment02 Sep 2024

Listing Date04 Sep 2024

ExchangeNSE SME

UPI Deadline2024-08-30