.The IPO is actually entirely a new concern of 44.88 lakh equity portions of face value Rs 10 each.2 min reviewed Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday claimed it has repaired the price band at Rs 121-125 every allotment for its SME initial public offering which will definitely open up for membership on August 28.The firm prepares to raise up to Rs 56.10 crore coming from its SME public problem, Aeron Composite pointed out in a declaration.The firm has actually received approval to launch its social issue on NSE Emerge System of the National Stock Exchange, it added.The public problem is going to wrap up on August 30. Capitalists may bid for a minimum required of 1,000 portions as well as in multiples thereof.The IPO is actually entirely a fresh problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail capitalist quota for the initial public offering (IPO) is actually maintained certainly not lower than 35 percent of the web provide, Non institutional real estate investor percentage is kept at not lower than 15 per cent of the offer and also QIB part is actually maintained not more than fifty per cent of the provide.The firm has recommended to use IPO profits for financing the capital investment requirements in the direction of setting up of an additional manufacturing system at Mehsana, Gujarat and general business purposes.The firm stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net profit stood up at Rs 9.42 crore in the course of the duration.Aeron Compound Ltd is engaged in business of production and also supplying of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for a variety of commercial apps.It ships products to greater than 30 nations.Piping Securities Ltd is actually the exclusive book running lead manager, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the title and also image of this file might possess been actually modified by the Organization Requirement staff the rest of the information is actually auto-generated coming from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.