.The IPO is actually totally a new concern of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes read Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually dealt with the rate band at Rs 121-125 every portion for its own SME initial public offering which are going to open for membership on August 28.The provider intends to increase approximately Rs 56.10 crore coming from its own SME public concern, Aeron Compound claimed in a claim.The firm has gotten commendation to launch its social problem on NSE Emerge System of the National Stock Exchange, it incorporated.Everyone problem will end on August 30. Financiers can easily purpose a lowest of 1,000 allotments and in multiples thereof.The IPO is entirely a clean issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail investor quota for the initial public offering (IPO) is actually maintained not less than 35 per-cent of the net deal, Non institutional real estate investor allocation is kept at not lower than 15 per cent of the provide as well as QIB section is kept at certainly not much more than fifty per cent of the provide.The business has suggested to use IPO proceeds for financing the capital investment needs in the direction of setting up of an added manufacturing system at Mehsana, Gujarat and general business objectives.The business reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet profit stood up at Rs 9.42 crore during the duration.Aeron Composite Ltd is actually participated in the business of manufacturing and also providing of Fiberglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for different commercial apps.It exports items to greater than 30 nations.Hem Stocks Ltd is the sole manual running lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Simply the heading and photo of this report may possess been actually revamped due to the Organization Standard personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.