Subscriptions for the ₹56.10 Cr SME IPO Aeron Composite IPO will be accepted from August 28, 2024, until August 30, 2024. The additional offering of ₹56.10 Cr is part of the IPO. The price band is set at 121.00–1255.00 per share, with a face value of Rs 10.Â
You must apply for a minimum lot of 1000 shares, or Rs 125,000, in order to participate in the Aeron Composite SME IPO. 04-09-2024 is the tentative date of listing on the exchange (NSE SME).
Aeron Composite SME IPO Dates
| IPO Activity | Date |
|---|---|
| Open Date | 28-08-2024 |
| Â Close Date | 30-08-2024 |
| Basis of Allotment Date |
02-09-2024 |
| Refunds date | 03-09-2024 |
| Credit of Shares to Demat Account |
03-09-2024 |
| Listing Date | 04-09-2024 |
Regarding Company
Since its founding in May 2011, Aeron Composite Limited has produced and supplied glass fiber-reinforced polymer (FRP) products, such as pultruded products, molded gratings, and FRP rods that are specifically tailored for a range of industrial uses.
Conceptual design, prototype development, testing, manufacturing, logistical support, installation, and after-sales services are all included in the company’s full solution offerings.
The company currently provides services to a number of industry sectors, including chemicals, telecom, oil and gas, refineries, and renewable energy.
Important clients include major corporations like Grasim Industries Limited, Larsen & Toubro Limited, TATA Projects Limited, Atul Limited, and government organizations like ONGC Tripura Power Co Ltd, NTPC Limited, Gujarat State Fertilizers & Chemicals Ltd, and Gujarat Narmada Valley Fertilizers & Chemical Ltd.
Fiber Reinforced Polymer (FRP) goods are composite materials made of a polymer matrix (resins) reinforced with fibers like carbon, glass, or aramid. Numerous benefits come with this combination, such as resistance to chemicals and corrosion, high strength, low weight, electrical and thermal conductivity, and ease of processing.
This new, larger location, which has the infrastructure required to support the expanding firm and future expansion ambitions, is where all manufacturing has been moved.
The company also maintains a marketing office at 309, 3rd floor, Devarc Commercial Complex, Iscon cross road, S.G. roads, Ahmedabad-380015, in addition to its manufacturing facilities.
Aeron Composite SME IPO Strengths
1. revenue sourced from a number of different countries and geographical areas worldwide.
2. constant attention to quality. wide selection of goods made with fiber glass reinforce polymers.
3. promotional and branding endeavors.
4. senior management with experience.
Goal of the Aeron Composite SME IPO
1. financing the necessary capital expenditures for the establishment of an extra industrial facility
2. Overarching Business Objective
