IPO Details
Bidding Dates
28 Aug 24 - 30 Aug 24
Price Range ₹
121 - 125
Total Equity
₹ 56.10Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
28 Aug 2024
Offer end
30 Aug 2024
Allotment
02 Sept 2024
Refund initiation
03 Sept 2024
Demat transfer
03 Sept 2024
Listing
04 Sept 2024
Offer start
28 Aug 2024
Offer end
30 Aug 2024
Allotment
02 Sept 2024
Refund initiation
03 Sept 2024
Demat transfer
03 Sept 2024
Listing
04 Sept 2024
About Company
Aeron Composite Limited, founded in 2011, specializes in manufacturing and supplying glass fiber reinforced polymer (FRP) products. Their product range includes FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods, designed for diverse industrial uses. The company provides a full suite of solutions, encompassing conceptual design, prototype development, testing, manufacturing, logistical support, installation, and after-sales service. Located in Saket Industrial Estate, the company's manufacturing facility spans 26,320 square meters. It is ISO 9001:2015 certified for the design, manufacture, and supply of various FRP products, including pultruded products, handrails, cable trays, fencing, moulded gratings, cross arms, poles, rods, and moulded mounting structures for solar panels. As of July 31, 2024, Aeron Composite Limited employs 433 people across different levels of the organization.
Year Founded
13-05-2011
Promotor Details
Dilipkumar Patel
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.63 |
| Share Capital | 12532000 | 12532000 |
Offer to Public
44,88,000.00 Cr
Project Details
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit - 390.36cr
Objectives
- Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit.General Corporate Purpose
Highlights
- The company's manufacturing facility is ISO 9001:2015 certified, ensuring high-quality standards for its FRP products.
- Aeron Composite has a robust international presence, with product distribution in over 30 countries.
- The company has shown a steady increase in revenue, demonstrating its ability to expand and capture market share.
- Consistent growth in profit after tax indicates strong financial performance and efficient operations.
- Aeron Composite offers end-to-end solutions, from design to after-sales service, enhancing customer satisfaction and operational efficiency.
Challenges
- The company's significant international revenue exposure makes it vulnerable to currency fluctuations.
- Ongoing legal proceedings could result in adverse judgments, impacting operations and financial stability.
- Dependence on in-house design and engineering expertise creates a risk of operational disruption if key employees are lost.
- Reliance on a limited number of major customers for a substantial portion of revenue exposes the company to customer churn risk.
- Dependence on a single manufacturing facility and potential debt servicing challenges could negatively impact the company's financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 6,902.45 | 156.65 | 1,010.80 | 1,010.80 | 8.0657 |
| 2024 | 10,125.59 | 156.65 | 661.00 | 661.00 | 5.2745 |
