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Open
28 Aug 2024
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Close
30 Aug 2024
3
Allotment
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Listing
Wed, Sep 4, 2024
Price Band
₹121 to ₹125
Issue Size
44,88,000 shares (agg. up to ₹56 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Sep 4, 2024
Latest GMP
₹34
Est. Gain
27.2%
✦ AI Insight
GMP Trend
04-09-2024₹34Est. ₹159+27.2%
03-09-2024₹34Est. ₹159+27.2%
02-09-2024₹34Est. ₹159+27.2%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 27.61x |
Restated Financials (₹ Cr.)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 99.79 | 69.10 | 60.63 | 43.60 |
| Total Income | 180.80 | 181.99 | 109.93 | 79.06 |
| Profit After Tax | 9.42 | 6.61 | 3.62 | 2.55 |
| NET Worth | 34.78 | 25.36 | 15.57 | 12.08 |
| Reserves and Surplus | 33.22 | 23.79 | 14.27 | 10.78 |
| Total Borrowing | 12.08 | 14.00 | 12.56 | 10.43 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Associated Coaters Ltd. | SME | ₹5.11 Cr | ₹121 | 20.72 | ₹134.90 | +11.49% | ₹92.00 (+0.00%) |
| Aimtron Electronics Ltd. | SME | ₹87.02 Cr | ₹161 | 27.13 | ₹253.05 | +57.17% | ₹1,383.75 (-0.41%) |
| Vilas Transcore Ltd. | SME | ₹95.26 Cr | ₹147 | 13.12 | ₹225.75 | +53.57% | ₹383.60 (+3.10%) |
| Storage Technologies & Automation Ltd. | SME | ₹29.95 Cr | ₹78 | 48.45 | ₹153.05 | +96.22% | ₹39.70 (+3.93%) |
| Creative Graphics Solutions India Ltd. | SME | ₹54.40 Cr | ₹85 | 17.59 | ₹176.25 | +107.35% | ₹133.05 (-2.42%) |
| Gabriel Pet Straps Ltd. | SME | ₹8.06 Cr | ₹101 | 35.94 | ₹120.75 | +19.55% | ₹108.30 (-5.00%) |
| Megatherm Induction Ltd. | SME | ₹53.91 Cr | ₹108 | 10.68 | ₹207.90 | +92.50% | ₹227.00 (+2.18%) |
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹41.32 (-0.41%) |
| Holmarc Opto-Mechatronics Ltd. | SME | ₹11.40 Cr | ₹40 | 8.09 | ₹68.50 | +71.25% | ₹109.00 (+1.87%) |
| Meson Valves India Ltd. | SME | ₹31.09 Cr | ₹102 | 15.47 | ₹203.45 | +99.46% | ₹220.75 (-2.00%) |
| Jiwanram Sheoduttrai Industries Ltd. | SME | ₹17.07 Cr | ₹23 | 9.91 | ₹28.50 | +23.91% | ₹5.25 (+0.96%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,994.40 (+1.76%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit | 39.04 |
| 2 | General Corporate Purpose | 13.93 |
About Aeron Composite IPO
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.+ Read More
Contact Details
Aeron Composite Ltd. AddressSaket Ind.Estate, Plot No.30/31Sarkhej Bavla Highway, Village MoraiyaChangodarAhmedabad, Gujarat, 382213+91 9909988266cs@aeroncomposite.comVisit Website