.The IPO is totally a fresh issue of 44.88 lakh equity portions of stated value Rs 10 each.2 min read through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has fixed the cost band at Rs 121-125 per share for its own SME initial public offering which will certainly open for membership on August 28.The firm plans to raise approximately Rs 56.10 crore from its own SME social problem, Aeron Composite claimed in a claim.The company has obtained commendation to launch its social problem on NSE Emerge System of the National Stock Market, it incorporated.Everyone concern will certainly end on August 30. Clients may bid for a lowest of 1,000 allotments and in multiples thereof.The IPO is entirely a fresh concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail real estate investor allocation for the going public (IPO) is kept at certainly not lower than 35 per-cent of the net promotion, Non institutional real estate investor percentage is maintained certainly not lower than 15 percent of the deal and QIB portion is kept at certainly not greater than fifty percent of the provide.The business has actually recommended to utilise IPO profits for moneying the capital investment needs in the direction of establishing of an added manufacturing system at Mehsana, Gujarat and general corporate reasons.The firm reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net income stood at Rs 9.42 crore in the course of the duration.Aeron Composite Ltd is participated in the business of manufacturing and providing of Fibreglass Reinforced Polymer Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several industrial apps.It transports products to much more than 30 countries.Piping Securities Ltd is actually the main manual managing top supervisor, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Simply the heading and picture of this document might possess been reworked due to the Service Criterion workers the remainder of the information is actually auto-generated from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.