.The IPO is totally a fresh issue of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes read through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday said it has actually taken care of the rate band at Rs 121-125 every reveal for its own SME initial public offering which will definitely open up for subscription on August 28.The firm considers to elevate up to Rs 56.10 crore from its SME public concern, Aeron Compound pointed out in a declaration.The business has actually received approval to introduce its social concern on NSE Emerge Platform of the National Stock Exchange, it included.The public concern will conclude on August 30. Entrepreneurs may bid for a lowest of 1,000 shares as well as in multiples thereof.The IPO is entirely a clean concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail financier quota for the initial public offering (IPO) is kept at not less than 35 per-cent of the net deal, Non institutional financier percentage is maintained certainly not lower than 15 percent of the provide as well as QIB section is actually maintained not more than 50 per cent of the promotion.The firm has proposed to use IPO proceeds for cashing the capital expenditure demands towards establishing of an added manufacturing device at Mehsana, Gujarat and overall company purposes.The business reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet income stood up at Rs 9.42 crore throughout the time period.Aeron Composite Ltd is actually engaged in the business of manufacturing and also offering of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for a variety of industrial apps.It exports items to more than 30 countries.Piping Stocks Ltd is the main manual running lead manager, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Merely the heading and also image of this file may possess been actually remodelled due to the Business Requirement workers the remainder of the information is auto-generated from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.