.The IPO is totally a fresh problem of 44.88 lakh equity shares of face value Rs 10 each.2 min reviewed Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually fixed the cost band at Rs 121-125 every portion for its own SME initial public offering which will open for registration on August 28.The company considers to raise around Rs 56.10 crore from its own SME social problem, Aeron Compound said in a statement.The business has acquired approval to introduce its own public concern on NSE Emerge System of the National Stock Exchange, it incorporated.Everyone issue will certainly end on August 30. Financiers can easily purpose a minimum of 1,000 portions and in multiples thereof.The IPO is totally a new issue of 44.88 lakh equity allotments of stated value Rs 10 each.Retail entrepreneur allocation for the initial public offering (IPO) is actually kept at not lower than 35 per-cent of the web promotion, Non institutional real estate investor quota is maintained not lower than 15 per cent of the offer and also QIB section is kept at not much more than fifty per cent of the provide.The provider has proposed to make use of IPO profits for cashing the capital investment demands towards setting up of an additional manufacturing unit at Mehsana, Gujarat and general corporate objectives.The company stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet income stood up at Rs 9.42 crore throughout the period.Aeron Composite Ltd is engaged in the business of manufacturing and offering of Fiberglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for several commercial apps.It transports items to greater than 30 nations.Piping Stocks Ltd is the main manual operating lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Only the heading and photo of this record might have been actually revamped due to the Organization Specification staff the rest of the information is actually auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.