Aeron Composite Limited (NSE SME)
Aug 28, 2024 - Aug 30, 2024
| Price | ₹121 - ₹125 |
| Premium | ₹34 |
|---|---|
| Lot size | 1000 |
| Allotment | Sep 2, 2024 |
| Listing | Sep 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 125000 | 1418 |
| HNI | 2 | 2000 | 250000 | 608 |
Last updated on 30-Aug-2024 18:32:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 810000 | 22531000 | 27.82 |
| NIB | 608000 | 46177000 | 75.95 |
| RETAIL | 1418000 | 48294000 | 34.06 |
| EMPRET | 210000 | 124000 | 0.59 |
| Total | 3046000 | 117126000 | 38.45 |
| Retail Apps | 48294 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹12.75 | @8% ₹14.57 | @9% ₹16.39 | @10% ₹18.21 | @11% ₹20.03 | @12% ₹21.85 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 31.60% | 1418000 |
| NII (HNI) | 13.55% | 608000 |
| Anchor | 27.05% | 1214000 |
| QIB | 18.05% | 810000 |
| Employees | 4.68% | 210000 |
| Market Maker | 5.07% | 228000 |
| Total | 100.00% | 4488000 |
Aeron Composite IPO Details
| Issue Size | 4,488,000 shares (aggregating up to ₹56.10 Cr) |
| Fresh Issue | 4,488,000 shares (aggregating up to ₹56.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,532,000 |
| Share holding post issue | 17,020,000 |
| Market Maker portion | 228,000 shares Hem Finlease |
Key Performance Indicator
| KPI | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 31.33% | 32.30% | 26.19% |
| ROCE | 29.67% | 27.52% | 20.97% |
| D/E | 0.35 | 0.55 | 0.81 |
| RONW | 26.07% | 23.25% | 21.13% |
| EPS (Diluted) | 7.52 | 5.33 | 2.95 |
| P/E Pre IPO | 23.69 | ||
| P/E Post IPO | 20.7 |
Company Financials
Aeron Composite Limited Financial Information (Restated)
| Period | Feb 2024 | Mar 2023 | Mar 2022 | Mar 2021 | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 9,979.42 | 6,910.21 | 6,063.23 | 4,360.19 | ||||||||||||||||||||||||||||||||||||
| Revenue | 18,080.35 | 18,199.26 | 10,992.5 | 7,906.12 | ||||||||||||||||||||||||||||||||||||
| Profit | 942.23 | 661.15 | 362.12 | 255.3 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,478.19 | 2,535.96 | 1,557.35 | 1,208.23 | ||||||||||||||||||||||||||||||||||||
| Reserves | 3,321.54 | 2,379.31 | 1,427.35 | 1,078.23 | ||||||||||||||||||||||||||||||||||||
| Borrowing | 1,208.23 | 1,399.62 | 1,255.54 | 1,042.7 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Company
Aeron Composite Limited, established in 2011, specializes in the manufacture and supply of glass fibre reinforced polymer (FRP) products, including FRP pultruded products, FRP moulded gratings, and FRP rods, tailored for various industrial applications. The company offers comprehensive solutions encompassing conceptual design, prototype development, testing, manufacturing, logistical support, installation, and after-sales service. Its manufacturing facility, located in Saket Industrial Estate and spanning 26,320 square metres, is ISO 9001:2015 certified for the design, manufacture, and supply of a wide range of FRP products, such as handrails, cable trays, fencing, cross arms, poles, and moulded mounting structures for solar panels (MMS). As of July 31, 2024, Aeron Composite Limited employed 433 people across various levels of the organization.
Hem Securities Limited
Global Reach: Revenue generation from multiple geographies across various countries, ensuring a broad market presence.
Quality Focus: Consistent emphasis on maintaining high-quality standards in all products and processes.
Product Diversity: Extensive range of Fiber Glass Reinforced Polymer (FRP) products catering to diverse industrial applications.
Capital Intensity: The capital-intensive nature of the business may require additional funding; failure to secure it could hinder expansion and negatively impact operations.
International Exposure: Significant revenue dependence on markets outside India exposes the company to risks from adverse developments and exchange rate fluctuations.
Rising Costs: Increases in raw material and labor costs could adversely affect the company's business, operational results, and financial condition.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues