.The IPO is actually totally a fresh problem of 44.88 lakh equity shares of face value Rs 10 each.2 min read Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday mentioned it has actually fixed the cost band at Rs 121-125 per allotment for its own SME initial public offering which are going to open up for membership on August 28.The firm intends to increase approximately Rs 56.10 crore coming from its own SME social issue, Aeron Compound stated in a declaration.The provider has actually acquired approval to launch its own social problem on NSE Emerge Platform of the National Stock Exchange, it incorporated.The general public concern will definitely end on August 30. Capitalists can easily bid for a lowest of 1,000 allotments and in multiples thereof.The IPO is actually completely a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail financier percentage for the going public (IPO) is kept at not less than 35 per-cent of the internet deal, Non institutional real estate investor percentage is actually maintained not less than 15 per-cent of the deal and also QIB portion is actually kept at not more than fifty per-cent of the promotion.The company has actually proposed to utilise IPO profits for moneying the capital expenditure needs towards establishing of an added manufacturing device at Mehsana, Gujarat as well as basic company objectives.The business stated profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and web revenue stood at Rs 9.42 crore in the course of the time period.Aeron Compound Ltd is participated in the business of manufacturing and supplying of Fiberglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for several industrial applications.It exports items to greater than 30 nations.Piping Stocks Ltd is the sole publication running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the title as well as image of this report may possess been actually modified by the Business Standard team the rest of the information is actually auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.