.The IPO is completely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 min read Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday claimed it has fixed the cost band at Rs 121-125 every reveal for its own SME initial public offering which will open for registration on August 28.The company plans to elevate as much as Rs 56.10 crore from its own SME public concern, Aeron Compound mentioned in a declaration.The business has actually obtained approval to introduce its social issue on NSE Emerge Platform of the National Stock Market, it added.Everyone issue will wrap up on August 30. Financiers can purpose a lowest of 1,000 portions and in multiples thereof.The IPO is totally a fresh concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail real estate investor quota for the going public (IPO) is actually kept at certainly not lower than 35 percent of the net promotion, Non institutional financier quota is kept at certainly not lower than 15 per-cent of the promotion and QIB portion is maintained not greater than 50 per-cent of the promotion.The provider has actually recommended to utilise IPO proceeds for cashing the capital expenditure needs in the direction of setting up of an extra production system at Mehsana, Gujarat and basic company functions.The firm stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net profit stood up at Rs 9.42 crore throughout the duration.Aeron Compound Ltd is taken part in your business of production as well as supplying of Fiberglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of commercial functions.It exports items to greater than 30 countries.Piping Securities Ltd is actually the single publication operating top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Just the title as well as photo of this file might possess been actually modified due to the Business Standard staff the remainder of the web content is actually auto-generated coming from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.