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Aeron Composite IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 56.10 Cr. The company is based in Ahmedabad and caters to Plastic And Polymer sector. Hem Securities is the merchant banker of Aeron Composite IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th June 2024.
Aeron Composite IPO open date is 28th August 2024 and close date is 30th August 2024. IPO Allotment Date is 2nd September 2024 and Listing date is 4th September 2024.
IPO
Size:
₹ 56.10 Cr.
Avg IPO Size (Sector Based)
: ₹
17.13 cr.
Sector: Plastic And Polymer
SME
IPO so far:
29
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
127
City:
Ahmedabad
SME
IPO so far:
179
Revenue (annualised):
₹
197.24
cr. 
PE
Ratio:
20.70x
Average Sector PE Ratio: 19.72x
Aeron Composite IPO size is ₹ 56.10 Cr. with IPO price of ₹ 125.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Aeron Composite IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Aeron Composite IPO.
Aeron Composite IPO anchor investors are the below investors. The number of anchor investors in this IPO is 10.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| India - Ahead | 240,000.00 | ₹ 125.00 | ₹ 30,000,000.00 |
| Nav Capital Vcc | 240,000.00 | ₹ 125.00 | ₹ 30,000,000.00 |
| Ag Dynamic Fund | 174,000.00 | ₹ 125.00 | ₹ 21,750,000.00 |
| Craft Emerging Market | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
| Finavenue Capital trust | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
| India Equity Fund | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
| Matterhorn India Fund | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
| StepTrade Revolution Fund | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
| Galaxy Noble Global | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
| India Max Investment | 80,000.00 | ₹ 125.00 | ₹ 10,000,000.00 |
Aeron Composite IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Aeron Composite IPO, based in Ahmedabad, operates in the Plastic And Polymer sector with a focus on manufacture and supply of glass fibre reinforced polymer products. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Aeron Composite IPO size is ₹ 56.10 Cr. with fresh issue size of ₹ 56.10 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Aeron Composite IPO is expected to be 2nd September 2024, after the finalization of basis of allotment. Investors can check Aeron Composite IPO allotment status on the registrars website, Maashitla Securities Private Limited . Aeron Composite IPO refund dates are 3rd September 2024.
Aeron Composite IPO is expected to be listed on 4th September 2024.
The upper price band for the Aeron Composite IPO is set at ₹ 125.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Aeron Composite IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Aeron Composite IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 30th August 2024. After submission, funds are blocked until the basis of allotment of Aeron Composite IPO is finalised.
The merchant banker for Aeron Composite IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Aeron Composite IPO RHP for further details.
The registrar for Aeron Composite IPO is Maashitla Securities Private Limited . Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Aeron Composite IPO through their official website or helpline.
Aeron Composite IPO was subscribed 41.07 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 56.10 Cr.
Avg IPO Size (Sector Based)
:
₹ 17.13 Cr.
Sector: Plastic And Polymer
SME
IPO so far:
29
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
127
City:
Ahmedabad
SME
IPO so far:
179
Revenue (annualised):
₹ 1.97 cr.
PE
Ratio:
20.70x
Average Sector PE Ratio: 19.72x
Aeron Composite IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Aeron Composite Financial Review Page
Merchant Banker(s) of Aeron Composite IPO: Hem Securities Limited
Aeron Composite IPO subscription was 41.07 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Aeron Composite IPO listed at a listing price of 157.50 against the offer price of 125.00.
The current market price of Aeron Composite is 134.00.
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