Aeron Composite Limited Limited IPO GMP

Aeron Composite Limited is a part of 'A GROUP'. 'A GROUP' is in business of Ceramic refractories, FRP/ GRP Composites, Ceramic Tiles, Waterjet & Laser Cutting machine, Paints and Lime. Aeron Composite Limited was established with aim of manufacturing pioneer product made out of FRP/GRP(Fibre Reinforced Composites) for industrial and recreational use. AERON offers High-quality advanced composite solutions and reliable services, complying with customer specifications as well as various National and International standards. 

Aeron Composite, an Book Built Issue amounting to ₹56.10 crores, consisting entirely an Offer for Sale of 44.88 Lakh Shares. The subscription period for the Aeron Composite IPO opens on August 28, 2024, and closes on August 30, 2024. The allotment is expected to be finalized on or about Monday, September 2, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, September 4, 2024.

The Share price band of Aeron Composite IPO is set at ₹121 to ₹125 equity per share, with a minimum lot size of 1000 shares. Retail investors are required to invest a minimum of ₹1,25,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2000 shares), amounting to ₹2,50,000.

HEM SECURITIES LIMITED are the book-running lead manager and MAASHITLA SECURITIES PRIVATE LIMITED is the registrar for the Issue.

Aeron Composite IPO GMP Today
The Grey Market Premium of Aeron Composite Limited IPO is expected in the range of ₹10 to ₹20 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Aeron Composite IPO Allotment Status
Aeron Composite IPO allotment date is 2nd September, 2024, Monday. Aeron Composite IPO Allotment will be out on 2nd September 2024 and will be live on Registrar Website from the allotment date. Check Aeron Composite Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Aeron Composite Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Aeron Composite Limited IPO
The Company intends to utilize the net Proceeds of the Issue to meet the following objects: -
1. ₹ 3903.60 Lakhs will be used Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit
2. General Corporate Purpose

Refer to Aeron Composite Limited RHP for more details about the Company.