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Aeron Composite IPO
Aeron Composites Ltd
₹1,21,000 /1000 sharesMinimum Investment
Aeron Composite IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 28 Aug ‘24 - 30 Aug ‘24 | ₹1,21,000 | 1,000 | ₹121 - ₹125 |
| Issue Size | IPO Doc |
|---|---|
| 56.10Cr | RHP PDF |
Subscription rate
As of 30 Aug'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Employees | 0.00x |
| Total | 34.85x |
About Aeron Composite
Founded in
2011
Managing director
Mr. Chirag Chandulal Patel
Parent organisation
Aeron Composites Ltd
Strengths & Financials of Aeron Composite
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.
Aeron Composite Financials
*All values are in Rs. Cr
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Application Details of Aeron Composite IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹121 - 125 | ₹2 - 5 Lakh |
| Employee | ₹121 - 125 | ₹2 - 5 Lakh |
| High Networth Individual | ₹121 - 125 | ₹2 - 5 Lakh |
For Aeron Composite IPO, eligible investors can apply as Regular & Employee.