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SME IPO Status: Listed [28th Aug 2024 to 30th Aug 2024]
Aeron Composite IPO, a SME IPO of ₹56.10 Cr was launced on 28-08-2024 to 30-08-2024 and the shares got listed on NSE SME on 04-09-2024.
The public issue of Aeron Composite IPO (AERON) was offered at ₹125.00 per share and the ipo was listed at ₹150.00. It has delivered listing gain of 20.00%.
As the minimum lot size was 1000 shares, the IPO has offered Rs 25000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 28th Aug 2024 |
| SME IPO Issue Closing Date: | 30th Aug 2024 |
| SME IPO Issue Price: | ₹121.00-125.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹56.10 Cr |
| Fresh Issue: | ₹56.10 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.63% |
| Allotment Status: | Allotment Status |
| NSE Code: | AERON |
Get important updates regarding Aeron Composite SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Sep 2024 |
| Refunds Initiation* | 3rd Sep 2024 |
| Credit of Shares to Demat* | 3rd Sep 2024 |
| SME IPO Listing Date* | 4th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹121.00-125.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹125000 |
| Min HNI Lots: | 2000 shares (2 lots)- ₹250000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-09-2024 | 125.00 | 34 | 25800 | ₹159 (27.2%) | 4-Sep-2024 10:28 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Aeron Composite Limited was established in May 2011 and is engaged in the manufacture and supply of glass fibre-reinforced polymer products i.e. FRP products including FRP Pultruded Products, FRP Molded Gratings & FRP Rods customized for various industrial applications. The company offers comprehensive solutions that include conceptual design, prototype development, testing, manufacturing, logistical support, installation and after-sales services.
Currently, the company serves various industry segments such as telecom, oil and gas, refineries, renewable energy, chemicals, etc. Its valued customers include government entities such as ONGC Tripura Power Co Ltd, NTPC Limited, Gujarat State Fertilizers & Chemicals Ltd and Gujarat Narmada Valley Fertilizers & Chemical Ltd and large corporates such as Grasim Industries Limited, Larsen & Toubro Limited, TATA Projects Limited, Atul Limited etc.
FRP products are composite materials consisting of a polymer matrix (resins) reinforced with fibres such as glass fiber, carbon or aramid. This combination offers numerous advantages, including corrosion resistance, chemical resistance, high strength, low weight, electrical and thermal non-conductivity and ease of processing.
All production has been relocated to this new, larger site, which provides the necessary infrastructure to support the expanded business and future growth plans. Apart from this manufacturing facility, the company also has a marketing office at 309, 3rd floor, Devarc Commercial Complex, Iscon cross road, S.G. highways, Ahmedabad-380015.
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Polymer Products | ₹56.10 Cr | https://www.aeroncomposite.com/ |
The company intends to use the net proceeds from the issue towards the following objectives:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 810,000 (28.56%) | 608,000 (21.44%) | 1,418,000 (50%) | 2,836,000 | |
| 1 | 28th Aug 2024 19:31 | 2.62x | 1.56x | 3.00x | 2.59x |
| 2 | 29th Aug 2024 19:31 | 3.61x | 4.14x | 6.53x | 5.19x |
| 3 | 30th Aug 2024 18:21 | 27.82x | 75.53x | 33.77x | 41.07x |
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 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 After Tax | 942.23 | 661.15 | 362.12 | 255.3 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,478.19 | 2,535.96 | 1,557.35 | 1,208.23 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,321.54 | 2,379.31 | 1,427.35 | 1,078.23 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,208.23 | 1,399.62 | 1,255.54 | 1,042.7 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Last Updated on 08-Sep-2024 07:03:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Aeron Composite SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Aeron Composite SME IPO with Zerodha.
Alternate approch to apply in Aeron Composite SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Aeron Composite SME IPO Review and Important Updates
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To subscribe or apply in Aeron Composite SME IPO, you can use the following methods:
| Aeron Composite SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Aeron Composite SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Aeron Composite SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Aeron Composite SME IPO. Most of the Syndicate Banks provide access to apply in Aeron Composite IPO via ASBA process. You must have your net banking access, DP ID information to apply in Aeron Composite SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Aeron Composite SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Aeron Composite SME IPO Review and Important Updates
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Aeron Composite SME IPO is going to be list on 04-09-2024. NSE Code for Aeron Composite is AERON.
Other relevant questions:
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Aeron Composite SME IPO Allotment Date is 02-09-2024.
Other relevant questions:
Aeron Composite SME IPO share allotment date?Aeron Composite SME IPO allotment date?
