.The IPO is completely a fresh problem of 44.88 lakh equity portions of stated value Rs 10 each.2 minutes reviewed Final Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday claimed it has corrected the rate band at Rs 121-125 per allotment for its own SME going public which will definitely open for subscription on August 28.The firm plans to increase as much as Rs 56.10 crore coming from its own SME public issue, Aeron Composite pointed out in a declaration.The provider has actually received approval to release its own public issue on NSE Emerge Platform of the National Stock Market, it added.The general public problem is going to conclude on August 30. Entrepreneurs can purpose a minimum of 1,000 allotments as well as in multiples thereof.The IPO is entirely a clean concern of 44.88 lakh equity shares of face value Rs 10 each.Retail client allocation for the initial public offering (IPO) is actually maintained certainly not less than 35 per-cent of the net deal, Non institutional client allocation is actually maintained not less than 15 per cent of the offer and QIB section is kept at not greater than 50 percent of the offer.The firm has actually proposed to utilise IPO profits for moneying the capital investment needs towards putting together of an extra manufacturing device at Mehsana, Gujarat and overall company reasons.The business reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet revenue stood up at Rs 9.42 crore during the time frame.Aeron Composite Ltd is actually engaged in the business of manufacturing and supplying of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous commercial applications.It exports items to more than 30 countries.Piping Securities Ltd is the sole book managing lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Merely the headline and also picture of this report might have been revamped by the Service Requirement workers the rest of the information is actually auto-generated coming from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.