.The IPO is completely a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 minutes went through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has actually taken care of the price band at Rs 121-125 per share for its own SME initial public offering which will open up for membership on August 28.The firm plans to raise up to Rs 56.10 crore from its SME public issue, Aeron Compound pointed out in a declaration.The business has actually gotten commendation to release its own social problem on NSE Emerge Platform of the National Stock Exchange, it included.Everyone concern will certainly wrap up on August 30. Clients may bid for a minimum of 1,000 shares as well as in multiples thereof.The IPO is totally a new issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail investor allocation for the going public (IPO) is actually maintained certainly not less than 35 per-cent of the net deal, Non institutional financier quota is kept at certainly not lower than 15 percent of the offer and also QIB portion is kept at not more than fifty per cent of the promotion.The provider has recommended to utilise IPO proceeds for funding the capital investment needs in the direction of setting up of an additional manufacturing device at Mehsana, Gujarat as well as general corporate purposes.The company disclosed earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web profit stood at Rs 9.42 crore in the course of the period.Aeron Composite Ltd is participated in the business of manufacturing and also providing of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for a variety of commercial applications.It exports items to much more than 30 countries.Piping Stocks Ltd is the only book managing top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Simply the heading as well as image of this file may possess been modified due to the Service Criterion personnel the rest of the information is actually auto-generated coming from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.