.The IPO is totally a fresh issue of 44.88 lakh equity portions of face value Rs 10 each.2 minutes read through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has repaired the price band at Rs 121-125 per reveal for its SME initial public offering which will open for subscription on August 28.The provider organizes to raise as much as Rs 56.10 crore from its own SME social concern, Aeron Compound pointed out in a declaration.The firm has acquired commendation to release its own social concern on NSE Emerge Platform of the National Stock Market, it included.Everyone concern is going to wrap up on August 30. Capitalists can easily bid for a minimum of 1,000 portions and also in multiples thereof.The IPO is actually entirely a new issue of 44.88 lakh equity allotments of stated value Rs 10 each.Retail financier percentage for the going public (IPO) is actually maintained certainly not lower than 35 percent of the internet offer, Non institutional investor allocation is kept at not lower than 15 per cent of the offer as well as QIB portion is kept at not more than 50 percent of the provide.The business has recommended to use IPO earnings for funding the capital expenditure demands in the direction of setting up of an added production device at Mehsana, Gujarat and also general company reasons.The company mentioned earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and net income stood up at Rs 9.42 crore throughout the period.Aeron Composite Ltd is participated in business of manufacturing as well as offering of Fibreglass Reinforced Polymer Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for numerous commercial functions.It transports items to more than 30 countries.Hem Securities Ltd is the main publication managing top manager, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Only the title and also image of this document might possess been remodelled by the Company Standard personnel the rest of the information is auto-generated from a syndicated feed.) Very First Posted: Aug 24 2024|4:10 PM IST.