Business

Aeron Composite set price band at Rs 121-125 a reveal for Rs 56 cr IPO IPO News

.The IPO is entirely a fresh problem of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes reviewed Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually repaired the price band at Rs 121-125 per reveal for its own SME initial public offering which are going to open up for registration on August 28.The company considers to raise around Rs 56.10 crore from its SME public concern, Aeron Compound claimed in a statement.The business has acquired approval to release its own social issue on NSE Emerge System of the National Stock Exchange, it included.The general public problem will certainly end on August 30. Clients may bid for a lowest of 1,000 shares and also in multiples thereof.The IPO is entirely a new problem of 44.88 lakh equity shares of face value Rs 10 each.Retail financier percentage for the going public (IPO) is kept at certainly not lower than 35 per cent of the internet offer, Non institutional capitalist quota is actually maintained not lower than 15 per-cent of the offer and QIB section is kept at certainly not more than 50 per cent of the offer.The provider has actually recommended to make use of IPO profits for financing the capital expenditure requirements towards putting together of an added production system at Mehsana, Gujarat and general business functions.The company mentioned profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and net earnings stood up at Rs 9.42 crore throughout the period.Aeron Composite Ltd is actually participated in the business of manufacturing and also supplying of Fiberglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings &amp FRP Rods tailored for numerous industrial applications.It exports products to greater than 30 countries.Hem Securities Ltd is the main publication managing top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Simply the heading and photo of this report may have been actually reworked due to the Company Standard personnel the remainder of the web content is auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.

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