Aeron Composite Limited IPO GMP, Grey Market Price, Revenue, Turnover, Business Details: At present, one after another IPOs are being listed in the stock market and people are making huge profits. Let us tell you that Aeron Composite Limited IPO opened for subscription on 28th August and it was booked 2.57 times on the first day.
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Aeron Composite IPO
According to reports, it was subscribed 2.97 times in the retail category, 1.55 times in the NII category and 2.62 times in the QIB category. About 50% of the public offer is reserved for QIB category, 35% for retail category and 15% for NII category.
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Aeron Composite IPO is a book built issue of Rs 56.10 crore. This issue is a completely fresh issue of 44.88 lakh shares. According to the information, the funds received from Aeron Composite issue will be used to set up an additional manufacturing unit and fulfill general corporate objectives.
Aeron Composite Limited IPO GMP / Grey Market Price
According to investorgain.com, Aeron Composite IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹125 with no premium or discount in the grey market.
Aeron Composite Limited Company Business Details
Aeron Composite provides solutions such as conceptual design, prototype development, testing, manufacturing, logistical support, installation and after sales service.
If we talk about revenue, then in FY 24 till the period ending 29 February 2024, the company’s revenue was Rs 180.80 crore and profit after tax was Rs 9.42 crore.
The price band of Aeron Composite IPO is Rs 121-125 per share. The minimum lot size with one application is 1000 shares. The minimum investment amount for retail investors is Rs 1 lakh 25 thousand.
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Aeron Composite Limited Company History
Let us know some important information related to Aeron Composite company. Aeron Composite Limited was established in 2011 and is engaged in manufacturing and supplying Glass Fiber Reinforced Polymer Products i.e. FRP Products.
Aeron Composite provides solutions such as conceptual design, prototype development, testing, manufacturing, logistical support, installation and after sales service.
If we talk about revenue, then in FY 24 till the period ending 29 February 2024, the company’s revenue was Rs 180.80 crore and profit after tax was Rs 9.42 crore.