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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹56.10 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹56.10 Cr |
| Fresh Issue | ₹53.25 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹121.00-125.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| NSE Code | AERON |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit | 39.04 |
| 2 | General Corporate Purpose | 13.93 |
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 99.79 | 69.10 | 60.63 | 43.60 |
| Total Income | 180.80 | 181.99 | 109.93 | 79.06 |
| Profit After Tax | 9.42 | 6.61 | 3.62 | 2.55 |
| NET Worth | 34.78 | 25.36 | 15.57 | 12.08 |
| Reserves and Surplus | 33.22 | 23.79 | 14.27 | 10.78 |
| Total Borrowing | 12.08 | 14.00 | 12.56 | 10.43 |
| Amount in ₹ Crore | ||||
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 31.33% |
| ROCE | 29.67% |
| Debt / Equity | 0.35% |
| RoNW | 27.09% |
| PAT Margin | 5.26% |
| Price to Book Value | 4.50 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.28 | 6.04 |
| P/E (x) | 23.69 | 20.7 |
| Promoter Holding | 100% | 73.63% |
| Market Cap | ₹212.75 Cr. | |
