Aeron Composite News, Corporate filings and Earnings/Conference Calls

Keep track of all breaking news and updates on Aeron Composite from all sources in a single place.

28 Aug 2024

98.25

-3.82%

Ahmedabad-based Aeron Composite raises Rs 15.17 crore from anchor investors

Business Standard

Fibreglass reinforced polymer products supplier Aeron Composite Ltd has said it has raised Rs 15.17 crore from the anchor investors. The Ahmedabad-based company has allotted 12,14,000 equity shares to as many as 10 fund schemes at Rs 125 per share, the upper end of its IPO price band, Aeron Composite said in a statement. India Ahead Venture Fund, Nav Capital VCC, AG Dynamic Funds Limited, Craft Emerging Market Fund PCC, Finavenue Capital Trust and Galaxy Noble Global Opportunities Fund PCC are among the anchor investors, it added. The company's Initial Public Offering (IPO) to raise a total of Rs 56.10 crore opened for subscription on the NSE Emerge platform of the National Stock Exchange. The issue will close for subscription on August 30. Investors can bid for a minimum of 1,000 shares and in multiples thereof. The company has fixed the price band at Rs 121-125 per share for public offer which is entirely a fresh issue of 44.88 lakh equity shares. The retail investor quota for

Aeron Composite Ltd. is trading below its 150 day SMA of 100.3

Aeron Composite Ltd.

24 Aug 2024, 04:10PM

98.25

-3.82%

Aeron Composite fixes price band at Rs 121-125 a share for Rs 56 cr IPO

Business Standard

Aeron Composite Ltd on Saturday said it has fixed the price band at Rs 121-125 per share for its SME initial public offering which will open for subscription on August 28. The company plans to raise up to Rs 56.10 crore from its SME public issue, Aeron Composite said in a statement. The company has received approval to launch its public issue on NSE Emerge Platform of the National Stock Exchange, it added. The public issue will conclude on August 30. Investors can bid for a minimum of 1,000 shares and in multiples thereof. The IPO is entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each. Retail investor quota for the initial public offering (IPO) is kept at not less than 35 per cent of the net offer, Non institutional investor quota is kept at not less than 15 per cent of the offer and QIB portion is kept at not more than 50 per cent of the offer. The company has proposed to utilise IPO proceeds for funding the capital expenditure requirements towards settin

Aeron Composite has gained 21.67% in the last 1 Month

34.93% Fall from 52W High

Aeron Composite News, Corporate filings and Earnings/Conference Calls

Keep track of all breaking news and updates on Aeron Composite from all sources in a single place.