.The IPO is totally a fresh problem of 44.88 lakh equity shares of face value Rs 10 each.2 minutes reviewed Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday mentioned it has actually fixed the price band at Rs 121-125 every reveal for its SME initial public offering which will definitely open for subscription on August 28.The company plans to raise around Rs 56.10 crore from its SME social problem, Aeron Compound mentioned in a declaration.The company has actually gotten approval to release its own public issue on NSE Emerge Platform of the National Stock Market, it incorporated.The general public issue is going to conclude on August 30. Real estate investors can bid for a minimum required of 1,000 shares and also in multiples thereof.The IPO is actually entirely a new issue of 44.88 lakh equity portions of face value Rs 10 each.Retail real estate investor percentage for the initial public offering (IPO) is actually kept at certainly not less than 35 percent of the internet promotion, Non institutional investor allocation is maintained not lower than 15 per cent of the provide and QIB section is maintained not greater than fifty per-cent of the deal.The business has proposed to utilise IPO proceeds for cashing the capital expenditure criteria in the direction of establishing of an extra production device at Mehsana, Gujarat as well as basic corporate purposes.The provider mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and web income stood up at Rs 9.42 crore in the course of the time frame.Aeron Compound Ltd is taken part in business of production and also offering of Fibreglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several commercial apps.It ships items to much more than 30 nations.Hem Securities Ltd is actually the only publication managing lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Merely the headline as well as picture of this file might have been revamped by the Company Criterion workers the remainder of the material is actually auto-generated coming from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.