.The IPO is totally a new issue of 44.88 lakh equity reveals of face value Rs 10 each.2 min checked out Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has fixed the cost band at Rs 121-125 per portion for its own SME initial public offering which will definitely open for registration on August 28.The provider plans to raise approximately Rs 56.10 crore coming from its own SME public concern, Aeron Compound stated in a statement.The company has obtained approval to introduce its social issue on NSE Emerge System of the National Stock Exchange, it included.The public issue will certainly end on August 30. Investors can easily bid for a minimum required of 1,000 reveals and also in multiples thereof.The IPO is actually totally a clean concern of 44.88 lakh equity shares of face value Rs 10 each.Retail investor quota for the initial public offering (IPO) is actually maintained certainly not less than 35 per-cent of the web promotion, Non institutional real estate investor percentage is maintained not less than 15 per cent of the deal as well as QIB section is maintained certainly not greater than fifty per cent of the deal.The company has proposed to make use of IPO profits for funding the capital investment needs in the direction of establishing of an additional manufacturing unit at Mehsana, Gujarat and also general corporate purposes.The company disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as web earnings stood at Rs 9.42 crore during the course of the time period.Aeron Composite Ltd is engaged in the business of manufacturing and also providing of Fiberglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for several industrial apps.It exports products to more than 30 nations.Piping Stocks Ltd is actually the main book running top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Only the title as well as image of this document may have been modified by the Company Specification workers the rest of the content is actually auto-generated from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.