.The IPO is actually totally a fresh problem of 44.88 lakh equity shares of face value Rs 10 each.2 min went through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday claimed it has actually repaired the cost band at Rs 121-125 per reveal for its own SME initial public offering which will certainly open for membership on August 28.The provider considers to raise up to Rs 56.10 crore coming from its SME social problem, Aeron Composite stated in a statement.The provider has actually obtained approval to introduce its social problem on NSE Emerge Platform of the National Stock Market, it added.The public issue will end on August 30. Financiers may purpose a lowest of 1,000 shares and also in multiples thereof.The IPO is actually entirely a new problem of 44.88 lakh equity reveals of stated value Rs 10 each.Retail capitalist quota for the initial public offering (IPO) is maintained certainly not less than 35 percent of the net provide, Non institutional client percentage is maintained not lower than 15 per cent of the promotion as well as QIB section is actually maintained certainly not greater than fifty percent of the provide.The company has actually suggested to use IPO profits for cashing the capital expenditure requirements towards establishing of an additional production device at Mehsana, Gujarat and also basic business functions.The provider stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net earnings stood up at Rs 9.42 crore during the course of the time frame.Aeron Composite Ltd is actually engaged in the business of production and supplying of Fibreglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several commercial functions.It ships items to more than 30 nations.Piping Stocks Ltd is actually the single book running lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Merely the heading and image of this report may possess been actually revamped due to the Service Criterion workers the rest of the web content is actually auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.