Business News

Company has allotted 12,14,000 equity shares to anchor investors at Rs. 125 per share; Company's Rs. 56.10 crore IPO opens today, August 28

Aeron Composite Ltd raises Rs 15.17 crore from Anchor Investors

Aug 28, 2024

Ahmedabad (Gujarat) [India], August 28: Ahmedabad based Aeron Composite Ltd, leading company engaged in manufacturing and supply of fibre glass reinforced polymer products has raised Rs. 15.17 crore from anchor investors on August 27, a day before its public issue opens for subscription. Company allotted 12,14,000 equity shares at Rs. 125 per share (including share premium of Rs. 115 per share) at its board meeting held on August 27, 2024 in consultation with the Book Running Lead Manager to the Issue. Company's Rs. 56.10 crore Public issue of the company opens for subscription on August 28 and closes on August 30. Company's shares will be listed on NSE Emerge Platform of National Stock Exchange.

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