Aeron Composite, a leading manufacturer of FRP products, has launched its initial public offering with a price band of Rs 121-125 per share. The company is looking to raise a total of Rs 56.10 crore through a fresh share sale, which will mainly be utilized for expansion and general corporate purposes. With a strong backing from anchor investors and a well-established manufacturing facility, Aeron Composite is set to make its mark in the market as it makes its debut on NSE next week.
Aeron Composite IPO: A Journey of Growth and Expansion
Aeron Composite Limited, a prominent manufacturer of Fiber Reinforced Plastic (FRP) products, recently launched its Initial Public Offering (IPO). The IPO is priced with a band of Rs 121-125 per share, aiming to raise a total of Rs 56.10 crore through a fresh share sale.
Background
Aeron Composite, established in 2013, has emerged as a leading player in the FRP industry, providing a comprehensive range of composite products. The company caters to various sectors, including transportation (automotive, railway, and aerospace), infrastructure (construction, water management, and energy), and industrial applications.
Over the years, Aeron Composite has built a strong foundation with an established manufacturing facility in Manesar, Haryana. The company has a team of experienced professionals and a commitment to innovation, resulting in a consistent track record of growth.
IPO Objectives
The proceeds from the IPO will primarily be utilized for:
Market Dynamics
The FRP industry in India is growing rapidly, driven by factors such as rising infrastructure development, increasing demand for lightweight materials, and the growing adoption of composite solutions in various sectors. Aeron Composite is well-positioned to capitalize on these opportunities and expand its market share.
Top 5 FAQs
Q: What is the price band for the Aeron Composite IPO? A: The price band is set at Rs 121-125 per share.
Q: How much is the company planning to raise through the IPO? A: Aeron Composite aims to raise a total of Rs 56.10 crore.
Q: When will the IPO open and close? A: The IPO opened on Monday, November 14, 2022, and closes on Wednesday, November 16, 2022.
Q: What are the key strengths of Aeron Composite? A: Aeron Composite's strengths include its strong manufacturing capabilities, experienced team, and commitment to innovation.
Q: What is the company's main focus in terms of growth? A: The company's primary focus is on expanding its manufacturing capacity, establishing new product lines, and strengthening its research and development capabilities.
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