.The IPO is entirely a new concern of 44.88 lakh equity portions of stated value Rs 10 each.2 minutes read Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday stated it has dealt with the cost band at Rs 121-125 per reveal for its own SME going public which will definitely open up for membership on August 28.The firm prepares to raise around Rs 56.10 crore coming from its SME public concern, Aeron Compound mentioned in a declaration.The firm has actually gotten commendation to launch its own social issue on NSE Emerge Platform of the National Stock Exchange, it included.Everyone problem is going to wrap up on August 30. Investors can bid for a minimum of 1,000 reveals and in multiples thereof.The IPO is completely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.Retail real estate investor allocation for the initial public offering (IPO) is kept at not lower than 35 per cent of the internet provide, Non institutional capitalist quota is actually maintained not less than 15 per-cent of the provide and QIB part is actually maintained not much more than 50 percent of the promotion.The company has recommended to utilise IPO proceeds for financing the capital spending needs in the direction of establishing of an extra production unit at Mehsana, Gujarat and also basic business reasons.The business mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web income stood at Rs 9.42 crore in the course of the time period.Aeron Compound Ltd is participated in the business of manufacturing and also providing of Fiberglass Reinforced Polymer Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for various industrial apps.It transports products to greater than 30 countries.Piping Stocks Ltd is the only book managing lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Merely the heading and picture of this file may possess been reworked by the Business Requirement staff the rest of the information is auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.