Aeron Composite IPO

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.

Aeron Composite IPO Strengths

• Aeron Composite Limited generates revenue from over 30 countries, with export sales contributing 56.16% of revenue in 2024.
• The company maintains a strong focus on quality, with a dedicated quality assurance team and ISO 9001:2015 certification.
• Aeron Composite offers a diverse range of FRP products, catering to various industrial applications globally.
• Aeron Composite is increasing its branding efforts, with promotional expenses rising by 132.02% in FY 2022-23.
• The senior management of Aeron brings extensive experience, driving the company’s growth and strategic planning.
• Aeron is setting up a new manufacturing unit in Gujarat to enhance production capacity and operational efficiency.

Aeron Composite IPO Risks

• Aeron Composite Limited’s capital-intensive nature may hinder growth if additional funds are not raised on acceptable terms.
• Dependence on key suppliers within a limited geographical location exposes Aeron Composite Limited to supply chain disruptions.
• Aeron Limited faces risks from fluctuating raw material prices, potentially affecting its financial performance and cash flow.
• Delays in setting up the new manufacturing unit could disrupt the company’s production operations and impact financial results.
• Aeron Limited’s significant reliance on a few customers poses risks to its revenue stability and future prospects.
• The company’s international operations expose it to risks from adverse market developments and currency fluctuations.