.The IPO is actually completely a new issue of 44.88 lakh equity reveals of face value Rs 10 each.2 min read through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has repaired the price band at Rs 121-125 every reveal for its SME going public which are going to open for subscription on August 28.The company prepares to raise as much as Rs 56.10 crore coming from its own SME social issue, Aeron Composite pointed out in a statement.The provider has received commendation to launch its own public issue on NSE Emerge System of the National Stock Exchange, it incorporated.Everyone issue will wrap up on August 30. Investors can easily purpose a minimum required of 1,000 allotments as well as in multiples thereof.The IPO is entirely a fresh problem of 44.88 lakh equity shares of stated value Rs 10 each.Retail capitalist allocation for the going public (IPO) is kept at certainly not less than 35 percent of the web provide, Non institutional client quota is kept at not less than 15 percent of the provide and QIB section is maintained not much more than 50 per cent of the offer.The firm has actually recommended to use IPO proceeds for cashing the capital investment demands towards putting together of an added production unit at Mehsana, Gujarat as well as basic business reasons.The firm reported income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet revenue stood at Rs 9.42 crore during the course of the period.Aeron Compound Ltd is participated in your business of production as well as providing of Fiberglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for numerous industrial apps.It transports items to greater than 30 nations.Hem Stocks Ltd is actually the single manual running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Merely the headline as well as photo of this file might possess been modified due to the Service Criterion staff the remainder of the information is auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.