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
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

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 Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,979.42	6,910.21	6,063.23	4,360.19
Revenue	18,080.35	18,199.26	10,992.5	7,906.12
Profit After Tax	942.23	661.15	362.12	255.3
Net Worth	3,478.19	2,535.96	1,557.35	1,208.23
Reserves and Surplus	3,321.54	2,379.31	1,427.35	1,078.23
Total Borrowing	1,208.23	1,399.62	1,255.54	1,042.7
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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,469.85	1,647.11	1,334.29
Revenue	803.54	579.06	290.59
Profit After Tax	296.55	150.64	69.01
Net Worth	1,478.48	741.52	490.88
Reserves and Surplus	664.21	540.33	314.69
Total Borrowing	470.94	560.97	755.41
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 11.75x.

	Aeron Composite IPO	Travels & Rentals IPO
QIB (times)	27.82x
NII (times)	75.53x	3.27x
Big NII (times)
Small NII (times)
RII (times)	33.77x	20.24x
Employee (times)
Other (times)
Total (times)	41.07x	11.75x

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