.The IPO is completely a new concern of 44.88 lakh equity allotments of stated value Rs 10 each.2 minutes read Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday claimed it has actually repaired the price band at Rs 121-125 per allotment for its SME initial public offering which are going to open for registration on August 28.The provider plans to elevate approximately Rs 56.10 crore from its own SME public problem, Aeron Compound pointed out in a statement.The provider has actually obtained commendation to launch its own social problem on NSE Emerge System of the National Stock Market, it added.Everyone concern is going to wrap up on August 30. Clients can bid for a lowest of 1,000 shares as well as in multiples thereof.The IPO is actually completely a new issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail capitalist percentage for the initial public offering (IPO) is actually kept at certainly not less than 35 percent of the net deal, Non institutional investor quota is kept at not less than 15 per cent of the deal and QIB part is kept at certainly not more than fifty per cent of the promotion.The business has actually proposed to use IPO earnings for financing the capital investment criteria towards setting up of an additional production system at Mehsana, Gujarat and also general corporate reasons.The firm reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net revenue stood at Rs 9.42 crore during the time period.Aeron Composite Ltd is taken part in business of production and also supplying of Fiberglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for numerous industrial applications.It exports products to greater than 30 countries.Hem Securities Ltd is actually the only book managing lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Only the title and picture of this document may possess been actually reworked by the Company Requirement staff the remainder of the material is auto-generated from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.