URL copied to clipboard

Aeron Composite Shares List at Rs 150 on NSE SME, 20% Premium!

Aeron Composite shares debuted on September 4 at Rs 150, a 20% premium over the issue price of Rs 125. This aligns closely with the 27% premium observed in the grey market.
Aeron Composite Shares List at Rs 150 on NSE SME, 20% Premium!

Aeron Composite shares debuted on September 4 at Rs 150 on the NSE SME platform, marking a 20% premium over the issue price of Rs 125. This is closely aligned with a 27% grey market premium.

Alice Blue Image

Aeron Composite’s book-built issue of Rs 56.10 crore, comprising 44.88 lakh new shares, was oversubscribed 41 times. Non-institutional investors led with 75.53 times the quota, followed by retail investors at 34 times and QIBs at 27.8 times.

Aeron Composite Limited produces FRP products, including Pultruded Products, Moulded Gratings, and FRP Rods. Offering end-to-end solutions from design to after-sales, the company provides high-strength, lightweight, and corrosion-resistant materials. Accredited with ISO 9001:2015 and holding “Two Star Export House” status, Aeron Composite serves over 800 customers in 30+ countries from its Ahmedabad facility.

Aeron Composite Limited IPO aimed to raise capital for purposes like expansion, technology upgrades, debt reduction, or general corporate needs. The IPO raised funds through both a fresh issue of shares and an offer for sale.

Loading
Read More News