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Aeron Composite IPO
Price Band
₹121.0–125.0
Issue Size
₹56.1 Cr
Lot Size
1,000 shares
Min Investment
₹125,000
GMP
+₹34.0 (27.2%)
Issue Price
₹125.0
Subject to Sauda
₹25800
Paid only if allotted
Aeron Composite IPO AI Summary
- Aeron Composite IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹121.0–₹125.0 per share, lot size 1,000 shares (min. investment ₹125,000).
- Subscription window: 28 Aug–30 Aug 2024, listing on 04 Sep 2024.
- Current GMP is +₹34.0 (27.2%), an estimated listing price of ₹159 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aeron Composite IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aeron Composite IPO Grey Market Premium (GMP) Today
GMP
+₹34.0
GMP %
+27.2%
Est. Listing
₹159.0
Updated: 25 Jul 2026 14:04
About the Company
Aeron Composite Limited was established in 2011 and is engaged in the manufacture and supply of glass fibre reinforced polymer products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. The company offers comprehensive solutions that include conceptual design, prototype development, testing, manufacturing, logistical support, installation and after-sales service. The company's manufacturing facility is located in Saket Industrial Estate and is spread over 26320 square metres. The manufacturing facility is ISO 9001:2015 certified for the design, manufacture and supply of FRP pultruded products, FRP Handrails, FRP cable trays, FRP fencing, FRP moulded gratings, FRP Cross arm, FRP poles, FRP rods and moulded mounting structures for solar panels (MMS). As of July 31,2024, the company employed 433 people at various levels of the organisation.
Company Financials (₹ Cr)
As of 2024-02-29
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 99.79 | 69.10 | 60.63 | 43.60 |
| Total Income | 180.80 | 181.99 | 109.93 | 79.06 |
| Profit After Tax | 9.42 | 6.61 | 3.62 | 2.55 |
| NET Worth | 34.78 | 25.36 | 15.57 | 12.08 |
| Reserves and Surplus | 33.22 | 23.79 | 14.27 | 10.78 |
| Total Borrowing | 12.08 | 14.00 | 12.56 | 10.43 |
Key Ratios
EPS
₹5.28
NAV
₹27.75
ROE
31.33%
ROCE
29.67%
RoNW
27.09%
P/B Value
4.50
P/E Ratio
23.69
Market Cap
₹212.75 Cr
PAT Margin
5.26%
Debt/Equity
0.35
Promoters
Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and A.International Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit 39.04 2 General Corporate Purpose 13.93
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹109.93 Cr in the year ending 31 Mar 2022, rising to ₹181.99 Cr by 31 Mar 2023, before slightly declining to ₹180.80 Cr by 29 Feb 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹2.55 Cr in the year ending 31 Mar 2021, increasing to ₹3.62 Cr by 31 Mar 2022, further rising to ₹6.61 Cr by 31 Mar 2023, and reaching ₹9.42 Cr by 29 Feb 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the potential listing gains of an IPO. It reflects the demand for the shares in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies might consider avoiding this IPO. It's crucial to assess the company's growth potential and market position before investing.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment, demand for the shares, and overall market conditions. While some IPOs may experience significant gains on their listing day, others may not perform as expected, leading to potential losses for investors.
This evaluation is generated from Aeron Composite's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aeron Composite IPO GMP today?
Aeron Composite IPO GMP today is +₹34.0 (27.2%), indicating an estimated listing price of ₹159. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aeron Composite IPO?
The price band of Aeron Composite IPO is ₹121.0–₹125.0 per share.
When does Aeron Composite IPO open and close?
Aeron Composite IPO opens on 28 August 2024 and closes on 30 August 2024.
When does Aeron Composite IPO list on the stock exchange?
Aeron Composite IPO listed on 04 September 2024 at ₹159.0.
What is the lot size for Aeron Composite IPO?
The lot size for Aeron Composite IPO is 1000 shares, requiring a minimum investment of ₹125,000.
What is the lot size for the Aeron Composite IPO?
The lot size for the Aeron Composite IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹125,000.
What is the price band for the IPO?
The price band for the IPO is ₹121.0 to ₹125.0.
When does the IPO open and close?
The IPO opens on August 28, 2024, and closes on August 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Aug 2024
Close
30 Aug 2024
Allotment
02 Sep 2024
Listing
04 Sep 2024
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