.The IPO is entirely a new issue of 44.88 lakh equity shares of face value Rs 10 each.2 minutes read Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday stated it has actually dealt with the price band at Rs 121-125 per allotment for its SME going public which will open up for registration on August 28.The company organizes to raise around Rs 56.10 crore coming from its own SME social issue, Aeron Compound stated in a declaration.The business has obtained approval to introduce its public concern on NSE Emerge System of the National Stock Exchange, it added.The public concern will end on August 30. Clients can bid for a minimum of 1,000 allotments and in multiples thereof.The IPO is entirely a fresh issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail entrepreneur quota for the going public (IPO) is kept at not lower than 35 per cent of the internet offer, Non institutional client percentage is actually kept at not lower than 15 per-cent of the provide as well as QIB portion is actually maintained certainly not more than fifty per cent of the provide.The company has recommended to utilise IPO profits for financing the capital spending demands towards putting together of an additional production device at Mehsana, Gujarat and standard company purposes.The company stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet profit stood at Rs 9.42 crore during the course of the duration.Aeron Composite Ltd is taken part in the business of manufacturing and offering of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for numerous commercial apps.It ships products to greater than 30 nations.Hem Securities Ltd is actually the main publication running top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Simply the heading and picture of this document may have been actually remodelled due to the Company Standard workers the rest of the information is auto-generated from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.