Aeron Composite Limited IPO
- IPO Date28 Aug, 2024 to 30 Aug, 2024
- Listing Date04 Sep, 2024
- Face Value₹10 per share
- Issue Price₹121 to ₹125 per share
- Lot Size1000 Shares
- Minimum Investment₹1,25,000
- Listing AtNSE SME
- Total Issue Size44,88,000 Shares
(aggregating up to ₹56.10 Cr) - Fresh Issue44,88,000 Shares
(aggregating up to ₹56.10 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,25,32,000
- Shareholding post issue1,70,20,000
IPO Dates
Closing Date
30 Aug, 2024
Initiation of Refunds
03 Sep, 2024
Listing Date
04 Sep, 2024
28 Aug, 2024
Opening Date
02 Sep, 2024
Basis of Allotment
03 Sep, 2024
Credit of Shares
Aeron Composite Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,25,000 |
| Retail (Max) | 1 | 1000 | ₹1,25,000 |
| HNI (Min) | 2 | 2000 | ₹2,50,000 |
Aeron Composite Limited Promoter Holding
Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A. International Private Limited are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.63% |
Aeron Composite Limited COMPANY INFORMATION
Aeron Composite IPO is a book built issue of Rs 56.10 crores. The issue is entirely a fresh issue of 44.88 lakh shares. Aeron Composite IPO opens for subscription on August 28, 2024 and closes on August 30, 2024. The allotment for the Aeron Composite IPO is expected to be finalized on Monday, September 2, 2024. Aeron Composite IPO will list on NSE SME with tentative listing date fixed as Wednesday, September 4, 2024. Aeron Composite IPO price band is set at ₹121 to ₹125 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹125,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹250,000. Hem Securities Limited is the book running lead manager of the Aeron Composite IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Aeron Composite IPO is Hem Finlease. Refer to Aeron Composite IPO RHP for detailed information.
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.
FAQs About Aeron Composite Limited Ipo
Aeron Composite Limited IPO will open on 28 Aug, 2024 and close on 30 Aug, 2024. Investors must apply within this period to participate.
The Aeron Composite Limited IPO price band is set between ₹121.00 and ₹125.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹125000.00.
The Aeron Composite Limited IPO shares are expected to be listed on 04 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Aeron Composite Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Aeron Composite Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.