.The IPO is actually totally a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes read through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has actually corrected the price band at Rs 121-125 every allotment for its SME initial public offering which are going to open for registration on August 28.The company considers to raise around Rs 56.10 crore from its SME public issue, Aeron Composite pointed out in a claim.The provider has gotten approval to introduce its own public concern on NSE Emerge Platform of the National Stock Exchange, it incorporated.The general public issue will end on August 30. Investors can bid for a lowest of 1,000 shares and in multiples thereof.The IPO is totally a clean concern of 44.88 lakh equity portions of stated value Rs 10 each.Retail investor quota for the going public (IPO) is actually maintained certainly not less than 35 per-cent of the web deal, Non institutional financier allocation is maintained not lower than 15 per cent of the provide and QIB section is kept at not much more than 50 per cent of the promotion.The business has proposed to use IPO proceeds for moneying the capital investment criteria in the direction of putting together of an extra production system at Mehsana, Gujarat and also general corporate functions.The firm mentioned earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and web earnings stood at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is participated in business of production and also providing of Fibreglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for a variety of commercial apps.It ships items to greater than 30 countries.Piping Securities Ltd is actually the sole manual operating top supervisor, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Just the title and also photo of this record might have been actually revamped by the Business Requirement workers the rest of the content is actually auto-generated from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.