.The IPO is actually totally a fresh problem of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes reviewed Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday mentioned it has fixed the rate band at Rs 121-125 per reveal for its own SME initial public offering which will open up for subscription on August 28.The provider intends to increase as much as Rs 56.10 crore coming from its SME public issue, Aeron Compound stated in a statement.The provider has actually obtained commendation to release its social issue on NSE Emerge Platform of the National Stock Exchange, it included.The general public problem will conclude on August 30. Capitalists can purpose a lowest of 1,000 reveals and also in multiples thereof.The IPO is completely a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail client percentage for the going public (IPO) is kept at not lower than 35 per-cent of the net provide, Non institutional investor allocation is maintained certainly not lower than 15 per-cent of the provide as well as QIB section is kept at certainly not more than 50 per cent of the offer.The provider has recommended to make use of IPO profits for funding the capital spending criteria towards putting together of an extra production unit at Mehsana, Gujarat as well as overall business purposes.The firm reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net earnings stood at Rs 9.42 crore during the time period.Aeron Composite Ltd is actually engaged in business of production and also offering of Fibreglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for a variety of industrial functions.It transports products to greater than 30 nations.Piping Securities Ltd is actually the only publication operating lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Just the headline as well as image of this record might possess been reworked by the Business Standard team the rest of the content is auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.