.The IPO is totally a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 min read through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday claimed it has actually repaired the price band at Rs 121-125 every portion for its SME initial public offering which will open up for membership on August 28.The business organizes to increase approximately Rs 56.10 crore from its own SME public problem, Aeron Compound claimed in a declaration.The company has actually received approval to release its public concern on NSE Emerge System of the National Stock Exchange, it added.Everyone concern will end on August 30. Financiers can easily purpose a minimum of 1,000 portions and in multiples thereof.The IPO is actually totally a fresh issue of 44.88 lakh equity reveals of face value Rs 10 each.Retail investor percentage for the initial public offering (IPO) is actually maintained not lower than 35 per cent of the web provide, Non institutional capitalist percentage is actually kept at not less than 15 per-cent of the provide as well as QIB part is maintained not more than 50 percent of the deal.The company has actually suggested to make use of IPO profits for cashing the capital investment needs in the direction of setting up of an extra production system at Mehsana, Gujarat and also standard corporate purposes.The company mentioned income of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet earnings stood up at Rs 9.42 crore during the course of the period.Aeron Compound Ltd is actually engaged in business of production and supplying of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different commercial functions.It exports products to greater than 30 countries.Piping Stocks Ltd is actually the exclusive publication managing lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Merely the heading as well as photo of this document might have been actually remodelled by the Company Specification personnel the rest of the information is actually auto-generated from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.