.The IPO is completely a new problem of 44.88 lakh equity portions of face value Rs 10 each.2 minutes reviewed Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday claimed it has actually fixed the rate band at Rs 121-125 every portion for its SME going public which will certainly open for membership on August 28.The provider plans to elevate up to Rs 56.10 crore coming from its SME public concern, Aeron Compound claimed in a statement.The provider has acquired approval to launch its social problem on NSE Emerge System of the National Stock Exchange, it added.The public problem will definitely conclude on August 30. Capitalists can easily purpose a minimum required of 1,000 allotments and also in multiples thereof.The IPO is actually totally a clean issue of 44.88 lakh equity portions of stated value Rs 10 each.Retail client percentage for the initial public offering (IPO) is actually kept at not lower than 35 percent of the internet provide, Non institutional financier quota is actually maintained certainly not less than 15 per-cent of the deal and also QIB section is kept at certainly not greater than fifty percent of the provide.The company has actually proposed to utilise IPO profits for cashing the capital expenditure criteria towards establishing of an additional production system at Mehsana, Gujarat and overall corporate functions.The company reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net earnings stood up at Rs 9.42 crore in the course of the period.Aeron Compound Ltd is engaged in the business of manufacturing and also offering of Fiberglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for various industrial apps.It ships items to more than 30 countries.Piping Stocks Ltd is actually the single book managing top supervisor, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Simply the headline and photo of this document might possess been modified by the Service Standard staff the remainder of the web content is actually auto-generated coming from a syndicated feed.) 1st Published: Aug 24 2024|4:10 PM IST.