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News Details

22/08/2024 14:20

Aeron Composite announces launch of initial public offering

Aeron Composite Ltd. has announced public offering of 4488000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 115.00 per share. The gross proceeds of the issue are expected to be Rs 5,610.00 lakhs.

The company's initial public offer (IPO) will open on 28 August 2024 and is expected to close on 30 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 121.00-125.00 per share.

The IPO includes a fresh Issue of 4488000 Equity Shares of the Company at an price of Rs 125.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Aeron Composite Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.