Earlier than itemizing, the corporate’s share worth was 27% increased than the problem worth.
The IPO, which was solely a contemporary fairness sale of Rs 56.1 crore, obtained good response from traders and was subscribed greater than 40 instances by the shut.
The online proceeds from the general public providing shall be used to fund capital expenditure necessities for the institution of further manufacturing models and different common company functions.
Aeron Composite is within the enterprise of producing and supplying fiberglass bolstered polymer merchandise, often known as fiberglass merchandise, together with fiberglass pultruded merchandise, fiberglass molded gratings and fiberglass rods tailor-made for numerous industrial functions. Fabricated from a polymer matrix (resin) bolstered with fibers similar to glass fiber, carbon or aramid. This mix provides many benefits, together with corrosion resistance, chemical resistance, excessive power, light-weight properties, non-electrical and thermal conductivity, and ease of fabrication.
Globally positioned, serving greater than 800 clients. In fiscal years 2023, 2022 and 2021, export gross sales accounted for 52%, 34% and 36% of its whole income respectively.
At the moment, it serves numerous industrial sectors together with telecommunications, oil and gasoline, refineries, renewable vitality, chemical substances and extra.
The corporate’s purchasers embrace authorities entities in addition to massive enterprises similar to GerasimLarsen & Toubro, Tata Tasks
Amongst different issues.
Hem Securities acted as bookrunner and Maashitla Securities acted as registrar for the IPO.
