.The IPO is entirely a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes reviewed Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has fixed the price band at Rs 121-125 every share for its SME initial public offering which will definitely open up for membership on August 28.The business considers to elevate as much as Rs 56.10 crore from its own SME public concern, Aeron Composite pointed out in a claim.The provider has obtained approval to release its own social concern on NSE Emerge System of the National Stock Exchange, it included.The public problem will definitely conclude on August 30. Entrepreneurs may purpose a minimum required of 1,000 shares and also in multiples thereof.The IPO is completely a clean issue of 44.88 lakh equity shares of face value Rs 10 each.Retail financier allocation for the initial public offering (IPO) is actually kept at not less than 35 per-cent of the web offer, Non institutional financier quota is actually kept at not lower than 15 per-cent of the promotion as well as QIB section is maintained certainly not much more than fifty percent of the deal.The firm has suggested to make use of IPO profits for moneying the capital expenditure requirements in the direction of setting up of an additional production system at Mehsana, Gujarat and also basic business purposes.The firm mentioned earnings 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 participated in business of production and providing of Fibreglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications.It exports products to more than 30 countries.Piping Stocks Ltd is actually the main manual running lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Only the heading and also picture of this record may have been reworked due to the Organization Criterion personnel the remainder of the web content is actually auto-generated from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.