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Aeron Composite IPO vs Travels & Rentals IPO

Comparision between Aeron Composite IPO and Travels & Rentals IPO.

IPO Details

Aeron Composite IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Travels & Rentals IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Aeron Composite IPO Travels & Rentals IPO
Logo Aeron Composite IPO Logo Travels & Rentals IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Hem Securities Limited Finshore Management Services Limited
Registrar Maashitla Securities Private Limited Cameo Corporate Services Limited
Market Maker Hem Finlease Private Limited Black Fox Financial Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aeron Composite IPO is up to ₹56.10 Cr whereas the issue size of the Travels & Rentals IPO is up to ₹12.24 Cr. The final issue price of Aeron Composite IPO is ₹125.00 per share and of Travels & Rentals IPO is ₹40.00 per share.

  Aeron Composite IPO Travels & Rentals IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹121.00 per share
Issue Price (Upper) ₹125.00 per share
Issue Price (Final) ₹125.00 per share ₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 3000 shares
Fresh Issue Size 44,88,000 shares 30,60,000 shares
Fresh Issue Size (Amount) up to ₹56.10 Cr up to ₹12.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 44,88,000 shares 30,60,000 shares
Issue Size Total (Amount) up to ₹56.10 Cr up to ₹12.24 Cr

IPO Timetable

Aeron Composite IPO opens on Aug 28, 2024, while Travels & Rentals IPO opens on Aug 29, 2024. The closing date of Aeron Composite IPO and Travels & Rentals IPO is Aug 30, 2024, and Sep 02, 2024, respectively.

  Aeron Composite IPO Travels & Rentals IPO
Anchor Bid Date Aug 27, 2024
Issue Open Aug 28, 2024 Aug 29, 2024
Issue Close Aug 30, 2024 Sep 02, 2024
Basis Of Allotment (Tentative) Sep 02, 2024 Sep 03, 2024
Initiation of Refunds (Tentative) Sep 03, 2024 Sep 04, 2024
Credit of Share (Tentative) Sep 03, 2024 Sep 04, 2024
Listing date (Tentative) Sep 04, 2024 Sep 05, 2024
Anchor Lockin End date 1 Oct 02, 2024
Anchor Lockin End date 2 Dec 01, 2024

Financials

Aeron Composite IPO P/E ratio is 23.69, as compared to Travels & Rentals IPO P/E ratio of 10.98.

  Aeron Composite IPO Travels & Rentals IPO
Financial

Aeron Composite Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,979.426,910.216,063.234,360.19
Revenue18,080.3518,199.2610,992.57,906.12
Profit After Tax942.23661.15362.12255.3
Net Worth3,478.192,535.961,557.351,208.23
Reserves and Surplus3,321.542,379.311,427.351,078.23
Total Borrowing1,208.231,399.621,255.541,042.7
Amount in ₹ Lakhs

Travels & Rentals Limited Financial Information (Restated)

Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,469.851,647.111,334.29
Revenue803.54579.06290.59
Profit After Tax296.55150.6469.01
Net Worth1,478.48741.52490.88
Reserves and Surplus664.21540.33314.69
Total Borrowing470.94560.97755.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 86.48%
Promoter Shareholding (Post-Issue) 73.63% 62.86%
P/E Ratio 23.69 10.98
Market Cap ₹212.75 Cr. ₹44.81 Cr.
ROE 31.33% 26.72%%
ROCE 29.67% 27.54%%
Debt/Equity 0.35 0.32
EPS ₹5.28 ₹3.64
RoNW 27.09% 20.06%%

Shares Offered

In the Aeron Composite IPO retail investors (RII) are offered 14,18,000 shares while in Travels & Rentals IPO retail investors are offered 14,18,000 shares. Qualified institutional buyers (QIB) are offered 8,10,000 shares in Aeron Composite IPO and 0 shares in Travels & Rentals IPO.

  Aeron Composite IPO Travels & Rentals IPO
Anchor Investor Reserveration 12,14,000 shares
Market Maker Reserveration 2,28,000 shares 1,53,000 shares
QIB 8,10,000 shares 0 shares
NII 6,08,000 shares 14,53,500 shares
RII 14,18,000 shares 14,53,500 shares
Employee 0 shares 0 shares
Others
Total 28,36,000 shares 29,07,000 shares

Bids Received (Subscription)

Aeron Composite IPO subscribed 41.07x in total, whereas Travels & Rentals IPO subscribed 608.46x.

  Aeron Composite IPO Travels & Rentals IPO
QIB (times) 27.82x
NII (times) 75.53x 754.64x
Big NII (times)
Small NII (times)
RII (times) 33.77x 429.90x
Employee (times)
Other (times)
Total (times) 41.07x 608.46x

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