.The IPO is actually totally a new concern of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes read Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually fixed the rate band at Rs 121-125 per reveal for its SME going public which will certainly open up for subscription on August 28.The business prepares to elevate around Rs 56.10 crore from its SME social problem, Aeron Composite mentioned in a claim.The company has acquired approval to introduce its own public problem on NSE Emerge System of the National Stock Market, it incorporated.Everyone concern will definitely end on August 30. Real estate investors can bid for a minimum required of 1,000 reveals and also in multiples thereof.The IPO is actually completely a fresh problem of 44.88 lakh equity shares of stated value Rs 10 each.Retail real estate investor allocation for the going public (IPO) is kept at certainly not less than 35 percent of the internet promotion, Non institutional entrepreneur percentage is kept at certainly not lower than 15 per cent of the deal and QIB section is actually kept at not more than 50 percent of the provide.The firm has actually proposed to use IPO earnings for funding the capital investment criteria in the direction of putting together of an additional manufacturing device at Mehsana, Gujarat and general company reasons.The company reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet income stood at Rs 9.42 crore in the course of the time period.Aeron Compound Ltd is actually participated in the business of manufacturing and also offering of Fiberglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several industrial apps.It exports items to greater than 30 nations.Piping Stocks Ltd is the exclusive manual managing top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Merely the title as well as photo of this report might possess been revamped due to the Business Requirement workers the remainder of the material is actually auto-generated from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.