.The IPO is actually totally a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.2 min checked out Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday stated it has repaired the cost band at Rs 121-125 every reveal for its SME going public which will definitely open up for subscription on August 28.The provider plans to raise as much as Rs 56.10 crore from its SME public concern, Aeron Composite pointed out in a statement.The company has acquired commendation to introduce its own social concern on NSE Emerge Platform of the National Stock Market, it incorporated.The general public concern is going to wrap up on August 30. Entrepreneurs can bid for a lowest of 1,000 reveals and also in multiples thereof.The IPO is actually completely a fresh concern of 44.88 lakh equity portions of stated value Rs 10 each.Retail real estate investor percentage for the initial public offering (IPO) is maintained certainly not lower than 35 per cent of the web deal, Non institutional real estate investor percentage is maintained not lower than 15 per cent of the provide as well as QIB section is kept at not greater than 50 percent of the provide.The company has suggested to use IPO earnings for moneying the capital spending criteria towards putting together of an added production system at Mehsana, Gujarat as well as standard company purposes.The company stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood at Rs 9.42 crore during the course of the period.Aeron Compound Ltd is engaged in your business of manufacturing and also offering of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for various industrial functions.It ships products to greater than 30 countries.Piping Stocks Ltd is the single book running lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Only the headline and picture of this file may have been actually reworked due to the Organization Standard workers the remainder of the web content is auto-generated coming from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.