.The IPO is completely a new concern of 44.88 lakh equity shares of face value Rs 10 each.2 min went through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday said it has actually fixed the cost band at Rs 121-125 every share for its SME initial public offering which will definitely open for membership on August 28.The company considers to elevate approximately Rs 56.10 crore from its SME public problem, Aeron Composite claimed in a claim.The firm has actually received commendation to introduce its social concern on NSE Emerge Platform of the National Stock Market, it included.The general public problem will definitely wrap up on August 30. Capitalists can easily bid for a minimum required of 1,000 shares and also in multiples thereof.The IPO is actually totally a new concern of 44.88 lakh equity portions of face value Rs 10 each.Retail entrepreneur quota for the going public (IPO) is maintained not lower than 35 per-cent of the net offer, Non institutional client quota is actually maintained certainly not less than 15 percent of the promotion and QIB portion is actually kept at certainly not greater than 50 per cent of the offer.The provider has actually suggested to make use of IPO earnings for moneying the capital spending criteria towards setting up of an added manufacturing device at Mehsana, Gujarat as well as standard corporate purposes.The firm mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet profit stood up at Rs 9.42 crore during the duration.Aeron Compound Ltd is engaged in the business of production and providing of Fiberglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for a variety of commercial apps.It ships products to greater than 30 countries.Hem Securities Ltd is actually the main manual operating top manager, while Maashitla Stocks Pvt Ltd is the registrar for the concern.( Just the heading as well as image of this record may have been actually reworked due to the Company Requirement personnel the remainder of the material is actually auto-generated from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.