.The IPO is actually entirely a new issue of 44.88 lakh equity reveals of face value Rs 10 each.2 min went through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has actually taken care of the price band at Rs 121-125 per share for its SME going public which are going to open up for membership on August 28.The firm considers to increase up to Rs 56.10 crore from its SME social problem, Aeron Composite pointed out in a declaration.The company has actually received approval to launch its own public problem on NSE Emerge Platform of the National Stock Exchange, it added.Everyone concern is going to wrap up on August 30. Investors can bid for a lowest of 1,000 allotments and also in multiples thereof.The IPO is actually completely a new concern of 44.88 lakh equity portions of face value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is kept at not lower than 35 percent of the net promotion, Non institutional financier percentage is maintained not less than 15 per cent of the offer as well as QIB portion is kept at certainly not more than 50 percent of the deal.The company has proposed to utilise IPO profits for cashing the capital expenditure criteria in the direction of establishing of an extra production system at Mehsana, Gujarat and overall corporate purposes.The provider reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and web profit stood at Rs 9.42 crore during the period.Aeron Compound Ltd is actually participated in business of manufacturing and also supplying of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for various commercial functions.It transports products to greater than 30 countries.Hem Stocks Ltd is actually the main book running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Simply the heading and also photo of this report may possess been actually reworked by the Company Specification team the remainder of the information is actually auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.