Aeron Composite IPO

About Aeron Composite Limited

Aeron Composite Limited specialises in manufacturing and supplying Fiber Glass Reinforced Polymer (FRP) products tailored for various industrial applications. These include FRP pultruded products, moulded gratings, and rods. FRP is a composite material combining polymer matrix with fibers like fiberglass, offering benefits such as corrosion resistance, high strength, and lightweight properties.

The company provides a comprehensive solution that includes conceptual design, prototype development, testing, manufacturing, logistics, installation, and after-sales service. Aeron Composite Limited's manufacturing unit is accredited with ISO 9001:2015 and is equipped with advanced equipment to ensure high-quality products. Their in-house R&D unit is registered with the Department of Scientific and Industrial Research, focusing on developing new products and processes.

The company has expanded its reach globally, serving over 800 customers in more than 30 countries. A significant portion of its revenue is generated from export sales, with a strong presence in top markets such as the USA, Australia, the UK, and Qatar. Aeron Composite Limited has been recognised as a "Two Star Export House," reflecting its commitment to international trade.

Aeron Composite Limited's product range includes FRP handrails, cable trays, fencing, cross arms, poles, and rods, catering to industries such as telecommunications, oil and gas, refineries, renewable energy, and chemicals. The company is also actively involved in branding and promotional activities, participating in national events and exhibitions, and enhancing its visibility in the FRP products industry through various marketing strategies.

Industry Outlook:

1. The Indian manufacturing sector is set to expand its contribution to the GDP from the current 16-17% to 25% by 2025. This growth is driven by key industries such as automotive, chemicals, pharmaceuticals, and consumer durables.
2. Manufacturing exports in India reached a historic high of $447.46 billion in FY23, marking a 6.03% growth from $422 billion in FY22. The sector aims to achieve $1 trillion in exports by 2030, supported by government initiatives like the Production-Linked Incentive (PLI) scheme.
3. The sector is increasingly adopting automation and digital technologies, with the manufacturing industry growing by 11.6% annually in the first quarter of FY24. Initiatives such as SAMARTH Udyog Bharat 4.0 are driving this transformation, enhancing efficiency and productivity.

Aeron Composite Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company aims to utilise funds to set up an additional manufacturing unit, with an estimated capital expenditure of ₹3903.60 lakh, to boost production capacity.
2. The remaining part of the proceeds will be allocated for general corporate purposes.

Peer Details

As per DRHP, no listed companies in India are engaged in a business line similar to Aeron Composite Limited's; thus, it is not possible to provide an industry comparison.

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Contact Details of Aeron Composite Limited IPO

• Registered office: Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad382213, Gujarat, India
• Phone: +91 9909988266
• E-mail: cs@aeroncomposite.com