.The IPO is actually entirely a fresh concern of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes read through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday mentioned it has fixed the cost band at Rs 121-125 per share for its own SME initial public offering which will definitely open for subscription on August 28.The business considers to increase as much as Rs 56.10 crore coming from its SME social problem, Aeron Composite mentioned in a declaration.The firm has obtained approval to release its public issue on NSE Emerge Platform of the National Stock Exchange, it incorporated.The public issue is going to conclude on August 30. Financiers can easily purpose a minimum of 1,000 reveals and in multiples thereof.The IPO is actually completely a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail client quota for the initial public offering (IPO) is actually maintained not less than 35 per cent of the web promotion, Non institutional entrepreneur percentage is actually maintained not lower than 15 percent of the offer as well as QIB portion is kept at certainly not much more than 50 percent of the provide.The firm has suggested to make use of IPO earnings for funding the capital investment requirements in the direction of establishing of an additional production unit at Mehsana, Gujarat as well as basic business functions.The business mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net earnings stood up at Rs 9.42 crore during the time period.Aeron Compound Ltd is actually participated in the business of manufacturing and offering of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of commercial functions.It exports items to more than 30 countries.Piping Securities Ltd is actually the main publication running lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Simply the heading as well as photo of this report might have been reworked due to the Organization Criterion staff the remainder of the material is actually auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.