.The IPO is actually entirely a fresh problem of 44.88 lakh equity portions of face value Rs 10 each.2 minutes read through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday stated it has actually fixed the cost band at Rs 121-125 every portion for its own SME initial public offering which will certainly open for registration on August 28.The company considers to increase around Rs 56.10 crore from its own SME public problem, Aeron Compound claimed in a statement.The company has actually acquired commendation to launch its public issue on NSE Emerge Platform of the National Stock Market, it added.The general public issue will definitely wrap up on August 30. Investors may bid for a lowest of 1,000 portions and in multiples thereof.The IPO is totally a clean issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail financier percentage for the initial public offering (IPO) is maintained not less than 35 per cent of the internet offer, Non institutional real estate investor allocation is maintained certainly not less than 15 per cent of the provide and QIB section is maintained not much more than fifty per-cent of the deal.The firm has actually recommended to utilise IPO proceeds for cashing the capital expenditure criteria towards putting together of an additional manufacturing device at Mehsana, Gujarat and also general business objectives.The business disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and net earnings stood up at Rs 9.42 crore throughout the time period.Aeron Compound Ltd is participated in your business of production and providing of Fibreglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for several industrial applications.It ships items to more than 30 nations.Hem Stocks Ltd is actually the main manual operating lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Simply the title and image of this file may have been actually revamped due to the Company Specification personnel the remainder of the material is auto-generated coming from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.