.The IPO is actually completely a fresh concern of 44.88 lakh equity shares of face value Rs 10 each.2 min read through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually repaired the price band at Rs 121-125 per allotment for its SME initial public offering which will definitely open for membership on August 28.The firm intends to elevate as much as Rs 56.10 crore from its own SME social problem, Aeron Composite stated in a declaration.The provider has received approval to release its own public issue on NSE Emerge System of the National Stock Market, it included.The general public problem will certainly end on August 30. Capitalists can bid for a minimum required of 1,000 portions and also in multiples thereof.The IPO is totally a clean issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail client allocation for the going public (IPO) is actually maintained not less than 35 percent of the internet provide, Non institutional client quota is actually maintained not less than 15 per cent of the provide and also QIB section is actually maintained not greater than fifty per cent of the offer.The firm has proposed to use IPO earnings for moneying the capital expenditure demands towards establishing of an additional production device at Mehsana, Gujarat and basic company functions.The company disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood at Rs 9.42 crore throughout the period.Aeron Compound Ltd is participated in your business of manufacturing as well as supplying of Fibreglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for several commercial apps.It exports items to greater than 30 nations.Piping Securities Ltd is actually the sole manual operating lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the issue.( Only the title and picture of this report may have been reworked by the Business Specification personnel the rest of the material is auto-generated from a syndicated feed.) 1st Published: Aug 24 2024|4:10 PM IST.