.The IPO is totally a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 minutes reviewed Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday stated it has actually corrected the price band at Rs 121-125 every allotment for its SME initial public offering which will certainly open for subscription on August 28.The company intends to raise up to Rs 56.10 crore from its own SME social concern, Aeron Compound pointed out in a statement.The firm has gotten commendation to release its own social problem on NSE Emerge System of the National Stock Exchange, it added.Everyone problem is going to conclude on August 30. Clients may purpose a minimum of 1,000 shares and also in multiples thereof.The IPO is actually completely a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail investor allocation for the going public (IPO) is kept at certainly not lower than 35 per cent of the web promotion, Non institutional entrepreneur allocation is actually kept at not less than 15 percent of the provide as well as QIB part is actually kept at certainly not greater than fifty percent of the promotion.The company has actually proposed to make use of IPO earnings for moneying the capital expenditure needs in the direction of putting together of an additional production device at Mehsana, Gujarat as well as standard corporate reasons.The provider disclosed revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net income stood up at Rs 9.42 crore during the course of the period.Aeron Composite Ltd is taken part in the business of production and supplying of Fibreglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for several commercial apps.It exports products to greater than 30 countries.Piping Stocks Ltd is actually the sole publication managing lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Just the headline and also picture of this file might possess been revamped by the Business Specification team the rest of the content is auto-generated coming from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.