.The IPO is entirely a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 min read Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually fixed the price band at Rs 121-125 per share for its SME initial public offering which will definitely open for registration on August 28.The firm intends to increase as much as Rs 56.10 crore from its SME social concern, Aeron Compound said in a claim.The firm has gotten approval to release its public problem on NSE Emerge Platform of the National Stock Exchange, it incorporated.Everyone concern will definitely end on August 30. Financiers may bid for a lowest of 1,000 shares and in multiples thereof.The IPO is actually entirely a new concern of 44.88 lakh equity reveals of face value Rs 10 each.Retail capitalist allocation for the going public (IPO) is kept at not lower than 35 per-cent of the web promotion, Non institutional entrepreneur percentage is maintained certainly not less than 15 per cent of the deal as well as QIB part is kept at certainly not greater than 50 per cent of the provide.The business has recommended to use IPO profits for cashing the capital spending needs in the direction of putting together of an extra manufacturing unit at Mehsana, Gujarat and also basic company functions.The provider reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net profit stood up at Rs 9.42 crore during the period.Aeron Compound Ltd is taken part in business of production and offering of Fiberglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different commercial applications.It exports products to greater than 30 nations.Piping Securities Ltd is the main book running lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Only the title and also photo of this document may possess been actually revamped by the Company Specification personnel the remainder of the information is auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.