.The IPO is actually entirely a new concern of 44.88 lakh equity shares of stated value Rs 10 each.2 min read through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Sunday mentioned it has corrected the price band at Rs 121-125 per share for its SME going public which are going to open for subscription on August 28.The provider considers to increase up to Rs 56.10 crore coming from its SME public issue, Aeron Composite said in a statement.The provider has gotten commendation to release its own public concern on NSE Emerge Platform of the National Stock Exchange, it added.The public concern will definitely end on August 30. Capitalists may bid for a minimum required of 1,000 allotments and in multiples thereof.The IPO is completely a new problem of 44.88 lakh equity shares of face value Rs 10 each.Retail entrepreneur quota for the initial public offering (IPO) is maintained not less than 35 per cent of the net deal, Non institutional financier quota is actually kept at certainly not lower than 15 per-cent of the promotion as well as QIB part is kept at certainly not more than fifty per cent of the promotion.The firm has suggested to utilise IPO earnings for moneying the capital expenditure demands towards establishing of an extra manufacturing device at Mehsana, Gujarat and also general business objectives.The business reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet income stood up at Rs 9.42 crore during the course of the time frame.Aeron Composite Ltd is actually engaged in the business of production as well as providing of Fiberglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different industrial applications.It ships products to more than 30 countries.Hem Stocks Ltd is the only publication managing top manager, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Just the heading and photo of this file may have been revamped by the Company Standard staff the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.