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Aeron Composite IPO
Aeron Composites Ltd
₹1,21,000 /1000 sharesMinimum investment
IPO details
Minimum investment
₹1,21,000
Price range
₹121 - ₹125
Lot size
1,000
Issue size
56.10 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Employees0.00x
Total34.85x
As of 30 Aug'24, 05:00 PM
Schedule
28 Aug 2024
IPO open date
30 Aug 2024
IPO close date
2 Sep 2024
Allotment date
2 Sep 2024
Funds unblock or debit
4 Sep 2024
Tentative listing date
About
Founded in
2011
MD/CEO
Mr. Chirag Chandulal Patel
Parent organisation
Aeron Composites Ltd
Aeron Composite Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Aeron Composite's manufacturing facility holds ISO 9001:2015 certification for the design, manufacturing, and supply of a wide range of FRP products.
The company distributes its products in over 30 countries worldwide, demonstrating a robust global presence.
Financially, Aeron Composite has shown a consistent rise in revenue from operations over the years. It rose from Rs 78.82 crore in FY21 to Rs 108.33 crore in FY22 to Rs 179.38 crore in FY23. Profit after tax (PAT) also increased from Rs 2.55 crore in FY21 to Rs 3.62 crore in FY22 to Rs 6.61 crore in FY23.
A substantial portion of Aeron Composite's revenue comes from international markets, exposing the company to exchange rate fluctuations. Revenue from sales outside India contributed Rs 99.20 crore (56.16%) and Rs 93.07 crore (52.38%) to total revenue during the periods ending February 29, 2024, and March 31, 2023, respectively.
Aeron Composite, along with its directors, promoters, and associated companies, is involved in several legal proceedings. Any adverse judgments in these cases could negatively impact the company's operations.
The company's production of FRP products depends significantly on its in-house design and engineering team. The loss of key employees could compromise product quality, negatively impacting the company's operational results and financial condition.
The company's top 10 customers contributed 40.61%, 40.38%, 34.02%, and 39.84% of total revenue during the 11 months ending February 29, 2024, and financial years ending March 31, 2023, FY22, and FY21, respectively. Loss of any of these key customers or slowdown in orders from them could negatively impact the company’s profitability.
The company's operations rely heavily on its manufacturing facility in Changodar, Ahmedabad. Any disruptions at this unit could adversely affect its operational performance and financial condition.
As of February 29, 2024, Aeron Composite reported a total outstanding debt of Rs 12.04 crore. Any inability to service or repay this debt in time could negatively impact its business operations.
Application details
For Aeron Composite IPO, eligible investors can apply as Regular & Employee.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹121 - ₹125 | ₹2 - ₹5 Lakhs | 1000 |
| Employee | ₹121 - ₹125 | ₹2 - ₹5 Lakhs | 1000 |
| High Networth Individual | ₹121 - ₹125 | ₹2 - ₹5 Lakhs | 1000 |