.The IPO is actually entirely a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.2 min read through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday said it has corrected the rate band at Rs 121-125 per allotment for its own SME going public which will open up for membership on August 28.The firm plans to increase up to Rs 56.10 crore from its SME social concern, Aeron Compound claimed in a statement.The company has acquired approval to introduce its social concern on NSE Emerge Platform of the National Stock Market, it added.The general public concern is going to conclude on August 30. Investors can bid for a minimum of 1,000 shares and in multiples thereof.The IPO is actually entirely a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail entrepreneur quota for the initial public offering (IPO) is kept at not lower than 35 per-cent of the web provide, Non institutional capitalist allocation is kept at not less than 15 per-cent of the deal and QIB part is maintained certainly not greater than 50 per-cent of the offer.The firm has actually recommended to utilise IPO proceeds for cashing the capital investment requirements towards putting together of an added manufacturing unit at Mehsana, Gujarat and also overall business reasons.The business stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet earnings stood up at Rs 9.42 crore during the course of the duration.Aeron Compound Ltd is actually participated in the business of production and also supplying of Fibreglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for a variety of commercial apps.It exports items to more than 30 nations.Piping Stocks Ltd is the sole manual managing top manager, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the heading and also photo of this document may have been actually modified due to the Business Standard team the rest of the information is auto-generated from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.