.The IPO is actually completely a new concern of 44.88 lakh equity reveals of face value Rs 10 each.2 min read through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has repaired the rate band at Rs 121-125 per reveal for its SME initial public offering which are going to open for membership on August 28.The business prepares to increase as much as Rs 56.10 crore from its own SME social problem, Aeron Compound stated in a claim.The business has actually received commendation to launch its public concern on NSE Emerge System of the National Stock Market, it added.The public issue is going to wrap up on August 30. Investors can easily bid for a minimum of 1,000 shares and also in multiples thereof.The IPO is totally a fresh issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail capitalist percentage for the going public (IPO) is kept at not less than 35 percent of the net deal, Non institutional entrepreneur allocation is maintained certainly not less than 15 percent of the provide and also QIB portion is maintained not much more than 50 per cent of the provide.The firm has actually recommended to make use of IPO proceeds for funding the capital expenditure demands in the direction of putting together of an extra production device at Mehsana, Gujarat and also general corporate objectives.The firm stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet income stood at Rs 9.42 crore during the period.Aeron Composite Ltd is participated in the business of production and also providing of Fiberglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for different commercial functions.It transports items to much more than 30 nations.Piping Stocks Ltd is the only book operating top manager, while Maashitla Securities Pvt Ltd is the registrar for the issue.( Merely the heading as well as photo of this file might have been modified by the Organization Requirement staff the remainder of the information is auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.