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.
Indian Prime Minister Narendra Modi will be distributing more than 51,000 appointment letters to newly recruited youth through a virtual job fair in various government departments and organisations. This initiative, in its 15th edition, aims to provide meaningful employment opportunities for the country's youth and contribute to its progress. The recruitment drive, which has already offered over 10 lakh permanent government jobs since October 2022, highlights the government's commitment to tackling unemployment and empowering young individuals to participate in India's growth story. Additionally, the PM also highlighted India's partnership with 21 countries in improving migration and employment opportunities.
The Springfield Catholic Diocese's Bishop Thomas John Paprocki led a special Mass to honor the Sisters of St. Francis and celebrate the 100th anniversary of the founding of OSF HealthCare Saint Anthony's Health Center in Alton. The hospital, originally established as Saint Anthony's Infirmary, was the first Thuiner Franciscan house in the United States and has grown and adapted over the years while maintaining its founders' commitment to compassionate care. The hospital's Vice President of Operations and Special Projects credits the Sisters' determination and devotion to Christ's love for the hospital's success and continued impact on the community.
The Center for African and African American Studies at the University of Colorado Boulder is celebrating their recent receipt of a generous matching donation from Chancellor Philip P. DiStefano. With this support, the center aims to continue enriching the academic landscape and foster a sense of belonging for Africans, African Americans, and the African diaspora. Donations from individuals are greatly appreciated and will contribute to the center's growth and student opportunities. Interested in supporting the CAAAS? Contact Jazmin Brooks and join their Forever Buffs Black Alumni group or subscribe to their newsletter for updates.
In a recent podcast appearance, Ralph Lauren CEO Patrice Louvet shared his belief in a tough love approach to addressing serious issues at work. He emphasized the need for direct communication and not being afraid to use a "2X4 across the forehead" in critical situations. However, his comments have also sparked a debate on the effectiveness of this leadership style in today's modern workplace.
Tempest Advertising, a leading agency in purpose-driven creativity, has won the Gold Award in the Press Unreleased category at the 2025 IAA Olive Crown Awards for their striking campaign "Fast Fashion". Using AI technology, the campaign addresses the environmental impact of the fashion industry and calls for a shift towards more sustainable practices. With this win, Tempest solidifies its position as a leader in promoting responsible consumerism and guiding businesses towards a more sustainable future.
The highly anticipated bilateral trade agreement between India and the US is close to reaching a successful conclusion, according to US Treasury Secretary Scott Bessent. This deal would allow India to avoid the 26% reciprocal tariffs and increase trade to $500 billion by 2030. Negotiators from both countries are currently meeting in Washington to finalize the terms of the agreement, which is expected to be concluded by the fall of this year. With both sides eager to reach an agreement before the July tariff deadline, this deal has the potential to greatly benefit both nations' economies.
In a recent podcast interview, Ralph Lauren CEO Patrice Louvet discussed the delicate topic of giving criticism in the workplace. Louvet stressed the importance of addressing issues sooner rather than later, and how it can ultimately benefit both businesses and individual careers. He recognizes the difficulty in giving feedback, but advises a direct and honest approach in tackling major issues. However, for minor concerns, Louvet suggests focusing on employee strengths and gradually addressing weaknesses.
Suprabhat Mandal, a student from West Bengal, recently made headlines after successfully securing a position in three different banking exams. After a year of dedicated preparation, Mandal used the ADDA247 Bank Mahapack to help him learn from the basics to harder questions. Now, he is encouraging other successful candidates to share their stories and inspire others to never give up on their dreams.
British arts and crafts retailer Hobbycraft is undergoing a major restructuring of its retail operations under the ownership of private equity firm Modella Capital. While nine stores are set to close, including 72-126 jobs losses, the fate of other branches is still being reviewed. The company's CEO cited challenges faced by the retail sector as the reason for this necessary action.
In a move to boost economic ties between the two countries, US Vice-President JD Vance announced that America and India have finalized terms for a trade deal. This comes amid rising concerns over the impact of President Trump's reciprocal tariffs. Speaking at an event in Jaipur, Mr Vance emphasized the need for fair and mutually beneficial trade partnerships with countries that value labor rights and promote balanced, open, and stable global trade.