.The IPO is entirely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 min read Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has actually taken care of 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 company considers to raise up to Rs 56.10 crore from its own SME social problem, Aeron Composite mentioned in a claim.The company has actually gotten approval to introduce its own social problem on NSE Emerge System of the National Stock Exchange, it included.Everyone problem will definitely conclude on August 30. Capitalists can easily bid for a minimum required of 1,000 portions and in multiples thereof.The IPO is actually completely a clean issue of 44.88 lakh equity portions of stated value Rs 10 each.Retail entrepreneur percentage for the going public (IPO) is maintained not lower than 35 percent of the web deal, Non institutional entrepreneur allocation is kept at not less than 15 percent of the deal and also QIB portion is maintained not much more than fifty per cent of the promotion.The company has actually recommended to use IPO profits for funding the capital spending criteria towards putting together of an additional production unit at Mehsana, Gujarat as well as overall corporate objectives.The firm mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet revenue stood up at Rs 9.42 crore during the course of the time period.Aeron Composite Ltd is participated in the business of manufacturing and also supplying of Fibreglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for several commercial apps.It exports products to more than 30 countries.Hem Stocks Ltd is the sole book operating top manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Just the headline as well as photo of this file may have been actually reworked by the Company Requirement personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.