Aeron Composite SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Aeron Composite IPO. Explore Aeron Composite IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Aeron Composite Limited specializes in the manufacturing and supply of Fiber Reinforced Polymer (FRP) products, offering a wide range of solutions such as FRP pultruded products, molded gratings, and rods for various industrial applications. Established in 2011 and headquartered in Ahmedabad, Gujarat, the company provides end-to-end services, including conceptual design, prototype development, manufacturing, installation, and after-sales support. Aeron Composite’s FRP products are known for their corrosion resistance, lightweight properties, high strength, and non-conductivity, making them suitable for industries like telecommunications, oil & gas, refineries, and renewable energy. With a significant export presence in over 30 countries and a client base of over 800 customers, the company continues to expand its footprint globally.
Key Points:
- Established in 2011: Started with the manufacturing and supply of pultruded products and expanded its product line over the years to include molded gratings and FRP rods.
- Product Portfolio: Offers a diverse range of FRP products including pultruded products, molded gratings, handrails, cable trays, fencing, poles, and molded mounting structures for solar panels.
- Clientele: Serves prominent government entities like ONGC and NTPC, as well as major corporations like Grasim Industries, L&T, and TATA Projects.
- Manufacturing Facility: Operates from a large manufacturing unit in Changodar, Ahmedabad, with modern infrastructure to support current operations and future expansion.
- Two Star Export House: Recognized for significant export contributions under the Foreign Trade Policy 2023.
- Diverse Industry Applications: Serves multiple sectors including telecommunications, oil & gas, renewable energy, chemicals, and more.
Objects of the Issue
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 28 Aug - 30 Aug 2024 |
| IPO Price Band | ₹121 - ₹125 per share |
| Fresh Issue | 44,88,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹56.10 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 28 Aug 2024 |
| IPO Closing Date | 30 Aug 2024 |
| Basis Of Allotment | 02 Sep 2024 |
| Refunds | 03 Sep 2024 |
| Demat Transfer | 03 Sep 2024 |
| IPO Listing Date | 04 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Feb 2024 |
|---|---|---|---|---|
| Total Income | 79.06 | 109.93 | 181.99 | 180.80 |
| Total Expenses | 75.41 | 104.91 | 172.43 | 167.44 |
| Net Profit/Loss | 2.55 | 3.62 | 6.61 | 9.42 |
| NPM (*) | 3.24 | 3.34 | 3.69 | 5.26 |
| Total Assets | 43.60 | 60.63 | 69.10 | 99.79 |
| Total Liabilities | 31.52 | 45.06 | 43.74 | 65.01 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Feb 2024 |
|---|---|---|---|---|
| EPS | 2.08 | 2.95 | 5.33 | 7.52 |
| ROE (%) | 23.49 | 26.19 | 32.30 | 31.33 |
| ROCE (%) | 20.03 | 20.97 | 27.52 | 29.67 |
| D/E Ratio | 0.86 | 0.81 | 0.55 | 0.35 |
| Current Ratio | 1.31 | 1.23 | 1.37 | 1.33 |
| EBITDA MARGIN (%) | 7.75 | 5.53 | 5.48 | 7.97 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 27.82 |
| Non-Institutional Investor (NII/HNI) | 75.53 |
| Retail Individual Investor (RII) | 33.77 |
| Total | 41.07 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Company Promoters
- Dilipkumar Ratilal Patel
- Chirag Chandulal Patel
- Pankaj Shantilal Dadhaniya
- Ravi Pankajkumar Patel
- A. International Private Limited
Lead Managers
- HEM SECURITIES LIMITED
Company Address
Aeron Composite Limited
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad382213, Gujarat, India
Phone: +91 9909988266
Email: cs@aeroncomposite.com
Website: www.aeroncomposite.com
FAQs
- What is the issue size of the Aeron Composite SME IPO?The Aeron Composite SME IPO has an issue size of ₹56.10 crore. This includes a fresh issue of 44,88,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Aeron Composite IPO?The price band for the Aeron Composite IPO is ₹121 - ₹125 per share.
- What are the bidding dates for the Aeron Composite IPO?The Aeron Composite IPO will open for bidding on 28 Aug 2024 and close on 30 Aug 2024.
- What is the allotment date for the Aeron Composite IPO?The allotment date for the Aeron Composite IPO is 02 Sep 2024.
- What is the listing date for the Aeron Composite IPO?The listing date for the Aeron Composite IPO is 04 Sep 2024.
- What is the Aeron Composite IPO grey market premium?The grey market premium (GMP) for the Aeron Composite IPO is currently at ₹34, with an expected listing gain of approximately 27.2%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.