Aeron Composite Limited IPO
Aeron Composite Limited specialize in the manufacturing and supply of Fiber Glass Reinforced Polymer (FRP) products, including pultruded products, molded gratings, and rods, tailored for diverse industrial applications. Their offerings encompass a complete solution, from conceptual design and prototype development to manufacturing, logistics, installation, and after-sales service. FRP is a composite material that combines a polymer matrix reinforced with fibers such as fiberglass, carbon, or aramid, offering benefits like corrosion resistance, high strength, lightweight properties, and non-conductivity.
Their manufacturing facility is ISO 9001:2015 certified and produces a range of FRP products, including handrails, cable trays, fencing, cross arms, poles, and mounting structures for solar panels. Their in-house R&D unit is registered with the Department of Scientific & Industrial Research, enabling them to develop new products and processes. They have also been recognized as a “Two Star Export House” under the Foreign Trade Policy of 2023.
They generate revenue from both domestic and international markets, serving over 800 customers in more than 30 countries. They cater to various industries, including telecommunications, oil and gas, refineries, renewable energy, and chemicals. Their notable clients include government entities like ONGC, NTPC, and Gujarat State Fertilizers & Chemicals, as well as major corporations such as Grasim Industries, Larsen & Toubro, and TATA Projects.
They initially focused on pultruded products at a rented facility in Changodar, Gujarat. They expanded their product portfolio in 2012-13 to include FRP molded gratings and further diversified in 2014-15 with the introduction of FRP rods. In 2019, they relocated to a larger manufacturing unit measuring 26,320 square meters in Saket Industrial Estate, Ahmedabad, to support their growth and expansion plans. They also operate a marketing office in Ahmedabad.
Objects of the Aeron Composite Limited IPO:
Aeron Composite Limited IPO Details:
Open Date: | Aug 28 2024 |
Close Date: | Aug 30 2024 |
Total Shares: | 4,488,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 56.10 Cr. |
Lot Size: | 1000 Shares |
Issue Price: | ₹ 121 - 125 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Sep 04 2024 |
Promoters And Management:
Financials of Aeron Composite Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
11M-FY24 |
Revenue from Operations | 7,882 | 10,834 | 17,938 | 17,914 |
Other Income | 24 | 159 | 261 | 166 |
Total Revenue | 7,906 | 10,993 | 18,199 | 18,080 |
Cost of materials consumed | 4,838 | 8,195 | 12,207 | 11,694 |
Changes in inventories | 87 | -727 | 276 | -567 |
Employees Benefit Expenses | 580 | 667 | 1,150 | 1,728 |
Other Expenses | 1,748 | 2,074 | 3,288 | 3,577 |
EBITDA | 653 | 783 | 1,278 | 1,648 |
OPM (%) | 8.26% | 7.12% | 7.02% | 9.11% |
Depreciation & Amortisation | 181 | 166 | 162 | 198 |
EBIT | 472 | 616 | 1,116 | 1,450 |
Finance Cost | 107 | 115 | 160 | 113 |
PBT | 365 | 502 | 956 | 1,337 |
Tax | 110 | 140 | 295 | 394 |
PAT | 255 | 362 | 661 | 942 |
NPM (%) | 3.23% | 3.29% | 3.63% | 5.21% |
No.of Shares | 170.20 | 170.20 | 170.20 | 170.20 |
EPS | 1.50 | 2.12 | 3.88 | 5.53 |
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