.The IPO is completely a new issue of 44.88 lakh equity reveals of face value Rs 10 each.2 min read Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually fixed the rate band at Rs 121-125 per share for its own SME going public which will definitely open up for subscription on August 28.The company plans to raise around Rs 56.10 crore coming from its SME public issue, Aeron Composite stated in a claim.The business has actually gotten commendation to release its own public concern on NSE Emerge System of the National Stock Market, it added.Everyone issue is going to end on August 30. Clients can bid for a minimum of 1,000 allotments and in multiples thereof.The IPO is entirely a clean concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail client percentage for the going public (IPO) is maintained not lower than 35 per cent of the net offer, Non institutional capitalist percentage is actually kept at not lower than 15 per-cent of the promotion and QIB part is actually maintained not much more than fifty per-cent of the promotion.The business has proposed to use IPO earnings for moneying the capital investment criteria in the direction of putting together of an additional manufacturing system at Mehsana, Gujarat and also basic business functions.The firm reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web profit stood up at Rs 9.42 crore throughout the duration.Aeron Composite Ltd is actually taken part in business of production as well as providing of Fiberglass Reinforced Polymer Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for numerous industrial functions.It exports products to much more than 30 nations.Hem Securities Ltd is the only book operating top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Simply the headline and also image of this file may have been modified by the Company Standard personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.