.The IPO is actually totally a fresh concern of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes read Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday said it has repaired the cost band at Rs 121-125 every portion for its SME going public which will certainly open for subscription on August 28.The firm organizes to raise up to Rs 56.10 crore from its SME social issue, Aeron Composite pointed out in a claim.The provider has actually obtained approval to launch its own public concern on NSE Emerge System of the National Stock Market, it included.The general public issue is going to conclude on August 30. Capitalists may purpose a minimum required of 1,000 shares and also in multiples thereof.The IPO is entirely a fresh concern of 44.88 lakh equity portions of stated value Rs 10 each.Retail investor percentage for the going public (IPO) is maintained certainly not less than 35 per-cent of the net promotion, Non institutional entrepreneur quota is kept at not lower than 15 per cent of the offer and also QIB section is actually maintained not greater than fifty per cent of the promotion.The provider has suggested to utilise IPO profits for funding the capital investment criteria in the direction of establishing of an additional production unit at Mehsana, Gujarat and also standard company functions.The company stated profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net earnings stood up at Rs 9.42 crore during the course of the time frame.Aeron Compound Ltd is engaged in the business of production and supplying of Fiberglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for numerous commercial applications.It transports products to much more than 30 nations.Hem Securities Ltd is actually the sole publication operating lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Simply the heading and also image of this record might have been reworked due to the Business Specification team the remainder of the information is actually auto-generated from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.