.The IPO is actually totally a new problem of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes read through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday mentioned it has actually fixed the cost band at Rs 121-125 every allotment for its SME initial public offering which will certainly open up for membership on August 28.The firm organizes to raise up to Rs 56.10 crore from its SME public concern, Aeron Compound mentioned in a declaration.The company has actually gotten approval to launch its public issue on NSE Emerge System of the National Stock Market, it included.The public issue is going to conclude on August 30. Entrepreneurs can easily purpose a minimum required of 1,000 portions and in multiples thereof.The IPO is entirely a fresh problem of 44.88 lakh equity reveals of face value Rs 10 each.Retail financier quota for the initial public offering (IPO) is maintained not less than 35 percent of the net provide, Non institutional entrepreneur percentage is actually maintained not less than 15 percent of the provide and QIB section is maintained not greater than fifty per-cent of the deal.The company has proposed to utilise IPO earnings for moneying the capital expenditure needs in the direction of putting together of an additional manufacturing system at Mehsana, Gujarat and also general business functions.The firm disclosed profits 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 time period.Aeron Compound Ltd is actually engaged in business of production and offering of Fibreglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of industrial apps.It transports products to much more than 30 countries.Hem Securities Ltd is actually the main manual managing top manager, while Maashitla Stocks Pvt Ltd is the registrar for the concern.( Only the heading and also picture of this record may have been actually reworked due to the Business Specification workers the rest of the web content is actually auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.