.The IPO is actually totally a fresh concern of 44.88 lakh equity shares of face value Rs 10 each.2 min read Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday said it has actually repaired the cost band at Rs 121-125 per share for its own SME initial public offering which will open up for subscription on August 28.The firm plans to raise as much as Rs 56.10 crore from its SME public problem, Aeron Compound claimed in a claim.The provider has actually obtained approval to release its own public issue on NSE Emerge Platform of the National Stock Market, it included.The public issue will definitely wrap up on August 30. Investors may purpose a minimum required of 1,000 allotments and in multiples thereof.The IPO is actually entirely a fresh problem of 44.88 lakh equity reveals of stated value Rs 10 each.Retail real estate investor allocation for the going public (IPO) is kept at not less than 35 percent of the web promotion, Non institutional client percentage is maintained certainly not less than 15 per cent of the provide and also QIB section is actually kept at not greater than 50 percent of the provide.The company has actually proposed to utilise IPO profits for funding the capital spending requirements towards putting together of an extra manufacturing system at Mehsana, Gujarat and also standard company purposes.The firm mentioned profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and net profit stood up at Rs 9.42 crore during the duration.Aeron Compound Ltd is actually engaged in the business of manufacturing as well as supplying of Fibreglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several industrial functions.It ships products to more than 30 nations.Hem Stocks Ltd is the exclusive book managing top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Simply the headline and also picture of this report might possess been actually remodelled due to the Service Requirement staff the rest of the material is actually auto-generated coming from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.