.The IPO is actually entirely a fresh issue of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes reviewed Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday stated it has fixed the rate band at Rs 121-125 every allotment for its own SME going public which will certainly open for subscription on August 28.The provider organizes to raise up to Rs 56.10 crore coming from its SME public issue, Aeron Compound said in a statement.The firm has acquired commendation to introduce its own public problem on NSE Emerge Platform of the National Stock Market, it included.The public problem will end on August 30. Financiers can easily purpose a minimum of 1,000 allotments and also in multiples thereof.The IPO is totally a clean issue of 44.88 lakh equity allotments of stated value Rs 10 each.Retail capitalist quota for the initial public offering (IPO) is kept at certainly not less than 35 per cent of the internet promotion, Non institutional real estate investor allocation is kept at certainly not lower than 15 per cent of the provide and QIB portion is actually maintained not greater than 50 percent of the promotion.The company has proposed to utilise IPO proceeds for funding the capital investment needs in the direction of putting together of an added manufacturing system at Mehsana, Gujarat and overall business objectives.The company mentioned profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet revenue stood at Rs 9.42 crore during the time period.Aeron Compound Ltd is actually engaged in business of production and also providing of Fibreglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for numerous industrial applications.It ships items to greater than 30 countries.Piping Securities Ltd is actually the exclusive manual managing top manager, while Maashitla Securities Pvt Ltd is the registrar for the issue.( Just the heading and also image of this report may possess been modified due to the Business Standard team the remainder of the information is auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.