.The IPO is entirely a fresh problem of 44.88 lakh equity portions of stated value Rs 10 each.2 minutes read through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has actually corrected the cost band at Rs 121-125 per portion for its SME initial public offering which will certainly open for membership on August 28.The company plans to increase approximately Rs 56.10 crore from its SME social problem, Aeron Composite stated in a statement.The firm has actually received commendation to release its own social problem on NSE Emerge Platform of the National Stock Market, it incorporated.Everyone concern will certainly conclude on August 30. Financiers can easily purpose a minimum required of 1,000 portions and in multiples thereof.The IPO is actually entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.Retail client percentage for the going public (IPO) is kept at not lower than 35 per-cent of the internet offer, Non institutional entrepreneur percentage is kept at certainly not lower than 15 per-cent of the offer and QIB part is kept at certainly not much more than fifty per cent of the deal.The firm has actually recommended to make use of IPO proceeds for moneying the capital investment needs towards putting together of an added manufacturing system at Mehsana, Gujarat as well as general company purposes.The firm stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) and net revenue stood at Rs 9.42 crore in the course of the time period.Aeron Composite Ltd is actually participated in your business of production and offering of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for various industrial apps.It exports products to much more than 30 nations.Piping Securities Ltd is actually the exclusive book operating top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Only the heading and also image of this report may have been revamped by the Organization Criterion staff the rest of the information is actually auto-generated from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.