.The IPO is completely a fresh issue of 44.88 lakh equity portions of stated value Rs 10 each.2 min went through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has actually fixed the price band at Rs 121-125 per share for its SME initial public offering which will definitely open for membership on August 28.The provider plans to increase as much as Rs 56.10 crore from its SME public issue, Aeron Compound said in a claim.The business has actually received commendation to release its public problem on NSE Emerge System of the National Stock Exchange, it incorporated.The public issue will certainly conclude on August 30. Investors can easily bid for a minimum of 1,000 reveals as well as in multiples thereof.The IPO is actually totally a fresh concern of 44.88 lakh equity portions of face value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is kept at not lower than 35 per cent of the net promotion, Non institutional capitalist percentage is maintained not lower than 15 per cent of the provide and also QIB part is actually maintained certainly not greater than fifty per cent of the offer.The company has suggested to use IPO earnings for financing the capital spending needs in the direction of putting together of an extra manufacturing device at Mehsana, Gujarat and general business purposes.The firm disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood up at Rs 9.42 crore during the time period.Aeron Composite Ltd is engaged in the business of manufacturing and offering of Fibreglass Reinforced Polymer Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for numerous commercial apps.It transports items to much more than 30 countries.Hem Stocks Ltd is actually the sole book operating lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Only the title and photo of this report may have been reworked by the Business Specification team the rest of the information is auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.