.The IPO is entirely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes checked out Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually dealt with the price band at Rs 121-125 per share for its own SME initial public offering which will certainly open for subscription on August 28.The company prepares to increase approximately Rs 56.10 crore from its own SME public concern, Aeron Compound said in a claim.The provider has acquired approval to release its own public problem on NSE Emerge System of the National Stock Market, it added.The general public issue will certainly wrap up on August 30. Real estate investors may bid for a minimum of 1,000 allotments as well as in multiples thereof.The IPO is actually totally a clean problem of 44.88 lakh equity reveals of face value Rs 10 each.Retail investor allocation for the going public (IPO) is actually maintained not less than 35 per-cent of the internet offer, Non institutional entrepreneur quota is actually maintained certainly not lower than 15 per cent of the provide as well as QIB section is maintained certainly not more than 50 per cent of the deal.The company has suggested to utilise IPO profits for cashing the capital expenditure criteria in the direction of establishing of an extra manufacturing unit at Mehsana, Gujarat and also general corporate functions.The provider disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) and web earnings stood at Rs 9.42 crore throughout the time frame.Aeron Composite Ltd is engaged in business of manufacturing as well as providing of Fiberglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for several industrial applications.It transports products to greater than 30 countries.Hem Securities Ltd is actually the only book managing lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Only the title as well as image of this report might possess been remodelled due to the Company Requirement team the rest of the information is auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.