Business

Aeron Compound set price band at Rs 121-125 a share for Rs 56 cr IPO IPO Headlines

.The IPO is actually completely a new problem of 44.88 lakh equity reveals of stated value Rs 10 each.2 minutes reviewed Last Updated: Aug 24 2024|4:10 PM IST.Aeron Composite Ltd on Saturday said it has actually corrected the cost band at Rs 121-125 every portion for its SME going public which will open for subscription on August 28.The company plans to raise around Rs 56.10 crore coming from its SME social problem, Aeron Composite stated in a claim.The company has actually obtained commendation to launch its public issue on NSE Emerge System of the National Stock Market, it included.The public issue will certainly wrap up on August 30. Real estate investors can easily bid for a minimum of 1,000 allotments and in multiples thereof.The IPO is entirely a clean issue of 44.88 lakh equity portions of face value Rs 10 each.Retail client quota for the initial public offering (IPO) is maintained certainly not less than 35 per cent of the web promotion, Non institutional capitalist allocation is maintained certainly not less than 15 per-cent of the deal as well as QIB portion is maintained certainly not more than fifty percent of the promotion.The business has actually suggested to make use of IPO earnings for cashing the capital spending demands in the direction of setting up of an additional manufacturing system at Mehsana, Gujarat and also overall company purposes.The firm disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and net earnings stood at Rs 9.42 crore during the course of the duration.Aeron Compound Ltd is actually participated in the business of production as well as supplying of Fibreglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings &amp FRP Rods customized for several industrial applications.It exports items to much more than 30 countries.Piping Stocks Ltd is the single manual operating lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Merely the headline and also image of this document might possess been reworked due to the Organization Criterion workers the rest of the web content is auto-generated coming from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.