Aeron Composite Limited

About the company

## **About  Aeron Composite Limited** Established in 2011, Aeron Composite Limited is a leading manufacturer and supplier specializing in Fiber Glass Reinforced Polymer (FRP) products, which includes FRP Pultruded Products, FRP Moulded Gratings, and FRP Rods. Since its inception in 2011, the company has developed a robust reputation for delivering high-quality composite materials tailored for a range of industrial applications. The company’s FRP products are designed with a combination of polymer matrices reinforced with fibers such as fiberglass, carbon, or aramid, offering unparalleled benefits such as corrosion resistance, high strength, lightweight properties, and ease of fabrication. These characteristics make FRP an ideal choice for demanding environments in various sectors. Aeron Composite Limited provides a comprehensive suite of services that goes beyond just manufacturing. Their offerings encompass conceptual design, prototype development, rigorous testing, production, logistical support, installation, and after-sales service. This end-to-end approach ensures that clients receive a tailored solution that meets their specific needs while maintaining the highest standards of quality and reliability. The company's commitment to innovation and customer satisfaction has enabled it to serve over 800 clients across more than 30 countries, highlighting its global reach and industry expertise. The company's operations span a wide array of industrial segments, including telecommunications, oil and gas, refineries, renewable energy, and chemicals. Aeron Composite Limited has successfully established partnerships with major corporations and government entities, such as ONGC Tripura Power Co. Ltd., NTPC Limited, and Larsen & Toubro Limited. This diverse client base underscores the company's ability to cater to both large-scale industrial demands and specialized project requirements. Their track record of successful collaborations reflects their strong industry presence and the trust placed in their products and services. To support its expanding operations and future growth, Aeron Composite Limited relocated to a larger manufacturing facility in 2019. The new site, situated at Saket Industrial Estate in Ahmedabad, spans 26,320 square meters and provides the necessary infrastructure for increased production capabilities. Alongside the manufacturing unit, the company maintains a marketing office located in Ahmedabad to facilitate business development and customer engagement. This strategic relocation and expansion have positioned Aeron Composite Limited to continue its trajectory of growth and innovation in the FRP industry. Aeron Composite Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Funding the Capital Expenditure requirements towards setting up of an additional manufacturing unit.  1. General Corporate Purpose.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   28 Aug 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   30 Aug 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   30 Aug 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   03 Sept 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   02 Sept 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   04 Sept 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.