.The IPO is actually completely a new issue of 44.88 lakh equity shares of face value Rs 10 each.2 minutes checked out Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday said it has repaired the rate band at Rs 121-125 every reveal for its SME going public which will certainly open up for membership on August 28.The firm intends to increase up to Rs 56.10 crore from its SME public issue, Aeron Composite claimed in a claim.The company has received commendation to introduce its public concern on NSE Emerge Platform of the National Stock Market, it added.The public issue is going to end on August 30. Clients can purpose a minimum of 1,000 shares and also in multiples thereof.The IPO is actually totally a new issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail investor percentage for the going public (IPO) is actually kept at certainly not lower than 35 per-cent of the internet deal, Non institutional entrepreneur percentage is actually kept at not less than 15 percent of the offer and also QIB section is actually kept at not much more than 50 per-cent of the provide.The firm has actually proposed to utilise IPO proceeds for financing the capital spending needs in the direction of putting together of an extra manufacturing unit at Mehsana, Gujarat and also overall company purposes.The business mentioned income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net revenue stood at Rs 9.42 crore throughout the period.Aeron Composite Ltd is actually participated in business of production as well as supplying of Fibreglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for a variety of commercial apps.It exports items to more than 30 nations.Hem Securities Ltd is actually the only manual managing lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Just the heading and image of this document might possess been actually modified due to the Organization Requirement team the remainder of the content is actually auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.