Aeron Composites Ltd

Aeron Composites Ltd IPO

IPO Price Range: ₹121 - 125

Incorporated in 2011, Aeron Composites Limited is engaged in the business of manufacturing and supplying of Fiber Glass Reinforce Polymer Products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. The Company provides comprehensive solution which includes conceptual design, prototype development, testing, manufacturing, logistic support, installation and after sales service. The Company is generating revenue from a combination of domestic operations and international endeavours from more than 30 countries across the Globe, serving over 800 customers. Further, our in-house R & D unit is registered with the Department of Scientific & Industrial Research for purpose of developing new products and processes.

Min Investment

₹1,25,000

IPO Size

₹56 Cr

IPO Status

Closed

Quantity in 1 Lot

1000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Aeron Composites Ltd

Open Date28 Aug 2024
Close Date30 Aug 2024
Allotment Date2 Sep 2024
Listing Date4 Sep 2024

Key Statistics

Bid Opening DateBid Opening Date28 Aug 2024
Bid Closing DateBid Closing Date30 Aug 2024
Allotment DateAllotment Date2 Sep 2024
Issue SizeIssue Size₹56.1Cr
Quantity in 1 lotQuantity in 1 lot1000

Strength and risks

Strength

Strength

  • Revenue from multiple geographies from various countries across the Globe.

  • Consistent focus on quality.

  • Diverse range of Fiber Glass Reinforce Polymer Products.

  • Branding and promotional activities.

  • Experienced Senior Management.


Risk

Risk

  • Its business is capital intensive in nature. If the company is unable to raise additional funds whenever required, or on terms acceptable to it, the company may be required to scale down or abandon its expansion & growth plans and/or reduce capital expenditures and the size of its operations, any of which could materially and adversely affect its business, financial position and results of operations.

  • The company derives a significant portion of its revenues and a portion of the company expenditures from various countries outside India. Any adverse developments in these markets along with fluctuations in Exchange rates, may negatively impanct its results of operations.

  • Increase in the prices of raw materials and labour could have an adverse effect on its business, results of operations and financial condition.

  • The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of raw materials from such selective suppliers and geographical location could have a material adverse effect on its business operations and financial conditions.

  • The company plan relating to establishment of its new manufacturing unit in Mehsana district of Gujarat, is subject to the risk of unanticipated delays in implementation and the company may requires to temporarily shut down its production operations while shifting to the new manufacturing unit which could have an impact on the production operations of the Company.

  • The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • If there are delays in setting up the Proposed manufacturing unit or if the costs of setting up and the possible time or cost overruns related to the Proposed manufacturing unit or the purchase of plant and machinery for the Proposed manufacturing unit are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growthprospects.

  • The Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

  • Under-utilization of its manufacturing capacities and an inability to effectively utilize the company existing manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

  • The Company is in the process of making application for change in name in some of the permits, licenses and approvals, which are under Companys former name. Failures to update the same in a timely manner may adversely affect its operations and financial conditions.

Promoters Holding

Investors Holdings %
Dilipkumar Ratilal Patel3.83%
Chirag Chandulal Patel3.63%
Pankaj Shantilal Dadhaniya11.13%
Ravi Pankajkumar Patel4.25%
A International Pvt Ltd27.39%

About Aeron Composites Ltd

OrganisationAeron Composites Ltd
HeadquartersAhmedabad
IndustryPlastic products

Frequently Asked Questions

  • What is the size of the Aeron Composites Ltd IPO?

    The size of the Aeron Composites Ltd IPO is ₹56.1Cr .

  • What is 'pre-apply' for Aeron Composites Ltd IPO?

    'Pre-apply' for Aeron Composites Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Aeron Composites Ltd IPO order be placed?

    Your Aeron Composites Ltd IPO order will be placed on 28 Aug 2024.

  • What are the open and close dates of the Aeron Composites Ltd IPO?

    The open and close dates of the Aeron Composites Ltd IPO are 28 Aug 2024 to 30 Aug 2024.

  • What is the lot size and minimum order quantity of the Aeron Composites Ltd IPO?

    The lot size and minimum order quantity of the Aeron Composites Ltd IPO are 1000 and 1000 respectively.

  • What would be the listing gains on the Aeron Composites Ltd IPO?

    The potential listing gains on the Aeron Composites Ltd IPO will depend on various market factors and cannot be predicted with certainty.