.The IPO is actually totally a fresh problem of 44.88 lakh equity reveals of stated value Rs 10 each.2 minutes read through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has fixed the rate band at Rs 121-125 per share for its SME initial public offering which are going to open up for registration on August 28.The provider prepares to raise approximately Rs 56.10 crore from its SME public concern, Aeron Composite said in a statement.The business has gotten commendation to launch its public issue on NSE Emerge Platform of the National Stock Market, it included.The general public problem will definitely wrap up on August 30. Investors can easily bid for a minimum of 1,000 reveals and also in multiples thereof.The IPO is totally a new concern of 44.88 lakh equity shares of stated value Rs 10 each.Retail real estate investor quota for the initial public offering (IPO) is actually kept at not less than 35 per-cent of the internet provide, Non institutional investor percentage is actually kept at certainly not lower than 15 per-cent of the offer and also QIB part is actually kept at certainly not greater than 50 per-cent of the offer.The company has proposed to utilise IPO profits for financing the capital expenditure requirements in the direction of putting together of an extra production device at Mehsana, Gujarat and also standard business reasons.The company reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet income stood up at Rs 9.42 crore throughout the time period.Aeron Composite Ltd is actually engaged in your business of manufacturing and also providing of Fibreglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of commercial apps.It transports items to much more than 30 nations.Hem Stocks Ltd is the main publication managing lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Only the headline as well as image of this report might possess been actually reworked by the Business Specification workers the remainder of the content is auto-generated coming from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.