.The IPO is entirely a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.2 min went through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually corrected the cost band at Rs 121-125 every share for its SME initial public offering which will certainly open up for subscription on August 28.The firm plans to raise approximately Rs 56.10 crore coming from its own SME public problem, Aeron Compound claimed in a statement.The provider has actually gotten approval to launch its public issue on NSE Emerge Platform of the National Stock Exchange, it included.The general public problem will certainly conclude on August 30. Capitalists can bid for a lowest of 1,000 portions and in multiples thereof.The IPO is completely a clean issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail financier percentage for the going public (IPO) is maintained certainly not lower than 35 per-cent of the internet provide, Non institutional investor percentage is maintained certainly not lower than 15 percent of the provide and QIB part is actually kept at certainly not much more than fifty per cent of the deal.The firm has recommended to use IPO proceeds for funding the capital investment needs towards establishing of an additional manufacturing system at Mehsana, Gujarat and also basic company functions.The provider stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood up at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is actually participated in business of production and providing of Fiberglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous industrial functions.It transports products to more than 30 countries.Hem Securities Ltd is the single book running top manager, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the headline and picture of this document may possess been revamped due to the Company Requirement team the remainder of the information is auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.