Aeron Composites Ltd - IPO

Aeron Composites Ltd IPO Details

Initial public offer of upto 44,88,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Aeron Composite Limited (The Company or The Issuer) at an issue price of Rs. 125 per equity share (including share premium of Rs. 115 per equity share) for cash, aggregating up to Rs. 56.10 crores (Public Issue) out of which 2,28,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 125 per equity share for cash, aggregating Rs. 2.85 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion) and upto 2,10,000 equity shares Aggregating up to Rs. 2.63 crores for subscription by eligible employees (As defined Hereinafter) (The Employee Reservation Portion). The public issue less market maker reservation portion and Employee Reservation Portion i.e. issue of 40,50,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 125 per equity share for cash, aggregating upto Rs. 50.63 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.37% and 23.80% respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding the capital expenditure requirements towards setting up of an additional mfg unit. General corporate purposes.

Aeron Composites Ltd Contact Details

Aeron Composites Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@aeroncomposite.com

Website - www.aeroncomposite.com