.The IPO is completely a fresh issue of 44.88 lakh equity allotments of stated value Rs 10 each.2 minutes reviewed Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has actually repaired the price band at Rs 121-125 every reveal for its SME going public which will certainly open for subscription on August 28.The business plans to raise as much as Rs 56.10 crore coming from its own SME public concern, Aeron Composite said in a statement.The provider has actually gotten commendation to launch its own public concern on NSE Emerge System of the National Stock Market, it included.The public issue will certainly end on August 30. Real estate investors may bid for a lowest of 1,000 shares and also in multiples thereof.The IPO is actually entirely a clean concern of 44.88 lakh equity reveals of face value Rs 10 each.Retail capitalist allocation for the going public (IPO) is actually kept at certainly not less than 35 percent of the net deal, Non institutional capitalist quota is kept at not lower than 15 per-cent of the promotion and also QIB section is actually maintained not greater than fifty per cent of the promotion.The company has suggested to use IPO profits for funding the capital expenditure needs in the direction of establishing of an added manufacturing device at Mehsana, Gujarat and also overall business functions.The provider reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net earnings stood up at Rs 9.42 crore in the course of the time period.Aeron Compound Ltd is participated in your business of manufacturing as well as offering of Fibreglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different commercial functions.It ships products to much more than 30 nations.Hem Stocks Ltd is actually the main manual managing lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Only the heading as well as image of this record might possess been actually reworked by the Business Criterion team the rest of the content is auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.