.The IPO is completely a new issue of 44.88 lakh equity portions of stated value Rs 10 each.2 min read Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has actually fixed the price band at Rs 121-125 per reveal for its SME initial public offering which are going to open up for registration on August 28.The business plans to elevate around Rs 56.10 crore coming from its SME social problem, Aeron Compound pointed out in a declaration.The provider has actually acquired commendation to launch its own public issue on NSE Emerge System of the National Stock Exchange, it included.Everyone concern will wrap up on August 30. Capitalists can easily bid for a minimum of 1,000 portions and also in multiples thereof.The IPO is completely a fresh concern of 44.88 lakh equity portions of stated value Rs 10 each.Retail financier percentage for the initial public offering (IPO) is actually kept at certainly not lower than 35 percent of the net provide, Non institutional investor quota is actually kept at not lower than 15 per cent of the deal and also QIB part is maintained certainly not much more than 50 per cent of the provide.The firm has recommended to use IPO profits for cashing the capital expenditure needs towards establishing of an additional manufacturing device at Mehsana, Gujarat and also basic company purposes.The company disclosed revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet earnings stood at Rs 9.42 crore throughout the time frame.Aeron Composite Ltd is actually engaged in your business of manufacturing and offering of Fibreglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of industrial apps.It exports products to greater than 30 nations.Hem Stocks Ltd is the only manual running lead supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Just the heading and also image of this record may have been actually remodelled due to the Organization Specification team the remainder of the web content is actually auto-generated coming from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.