.The IPO is entirely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes reviewed Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has actually repaired the price band at Rs 121-125 per reveal for its SME going public which will open for subscription on August 28.The business prepares to raise around Rs 56.10 crore from its own SME social concern, Aeron Composite pointed out in a statement.The business has gotten commendation to release its own social issue on NSE Emerge Platform of the National Stock Exchange, it incorporated.The general public problem will definitely wrap up on August 30. Capitalists can bid for a lowest of 1,000 allotments and also in multiples thereof.The IPO is actually totally a new problem of 44.88 lakh equity shares of face value Rs 10 each.Retail entrepreneur allocation for the initial public offering (IPO) is kept at certainly not lower than 35 per-cent of the internet promotion, Non institutional financier quota is kept at certainly not lower than 15 per-cent of the deal as well as QIB portion is actually kept at not greater than 50 percent of the offer.The company has proposed to utilise IPO proceeds for financing the capital expenditure needs in the direction of putting together of an extra manufacturing system at Mehsana, Gujarat as well as basic business objectives.The firm disclosed earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet profit stood up at Rs 9.42 crore during the time period.Aeron Compound Ltd is taken part in your business of manufacturing and also providing of Fiberglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for a variety of industrial functions.It exports items to greater than 30 nations.Piping Stocks Ltd is the single manual operating top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Merely the headline and also image of this file might possess been actually remodelled due to the Company Specification team the remainder of the information is auto-generated from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.