.The IPO is actually completely a new issue of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes reviewed Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually dealt with the price band at Rs 121-125 per portion for its own SME going public which are going to open for membership on August 28.The firm organizes to elevate as much as Rs 56.10 crore from its SME public concern, Aeron Composite pointed out in a statement.The business has acquired commendation to introduce its public issue on NSE Emerge Platform of the National Stock Exchange, it incorporated.The general public problem will wrap up on August 30. Capitalists may bid for a lowest of 1,000 shares as well as in multiples thereof.The IPO is actually totally a fresh issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail investor quota for the going public (IPO) is actually maintained certainly not lower than 35 per cent of the web offer, Non institutional capitalist percentage is kept at not lower than 15 per-cent of the promotion and also QIB section is actually kept at not more than 50 percent of the deal.The firm has recommended to use IPO proceeds for financing the capital expenditure requirements in the direction of putting together of an additional production device at Mehsana, Gujarat and also standard company reasons.The provider 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 business of production and offering of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of commercial functions.It transports products to greater than 30 nations.Hem Stocks Ltd is actually the only book running top supervisor, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Merely the title and also picture of this report may possess been actually reworked due to the Service Requirement workers the remainder of the material is auto-generated coming from a syndicated feed.) 1st Published: Aug 24 2024|4:10 PM IST.