.The IPO is actually totally a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes reviewed Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has fixed the price band at Rs 121-125 per allotment for its SME initial public offering which will definitely open up for subscription on August 28.The company plans to raise as much as Rs 56.10 crore coming from its own SME social concern, Aeron Compound stated in a claim.The provider has received commendation to launch its public problem on NSE Emerge System of the National Stock Market, it included.The public concern is going to wrap up on August 30. Financiers can easily bid for a minimum of 1,000 allotments and also in multiples thereof.The IPO is completely a new concern of 44.88 lakh equity reveals of face value Rs 10 each.Retail client percentage for the initial public offering (IPO) is maintained certainly not less than 35 per-cent of the web promotion, Non institutional investor percentage is actually maintained certainly not lower than 15 per cent of the deal as well as QIB portion is kept at not greater than 50 percent of the promotion.The provider has suggested to utilise IPO profits for moneying the capital spending requirements in the direction of setting up of an additional manufacturing system at Mehsana, Gujarat as well as standard business purposes.The business reported income of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet earnings stood up at Rs 9.42 crore during the period.Aeron Composite Ltd is actually participated in the business of production and also supplying of Fibreglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of industrial apps.It ships products to more than 30 nations.Piping Stocks Ltd is the exclusive book managing top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the concern.( Just the headline and also photo of this document may have been remodelled by the Organization Criterion staff the remainder of the web content is actually auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.