.The IPO is actually totally a new problem of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes went through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has actually repaired the cost band at Rs 121-125 per reveal for its SME going public which will open up for registration on August 28.The business intends to elevate up to Rs 56.10 crore from its SME social concern, Aeron Composite pointed out in a claim.The firm has actually acquired commendation to launch its public problem on NSE Emerge System of the National Stock Market, it included.Everyone concern will certainly end on August 30. Clients can easily bid for a minimum of 1,000 portions and also in multiples thereof.The IPO is actually completely a fresh problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail investor quota for the going public (IPO) is actually kept at not lower than 35 per-cent of the web promotion, Non institutional investor quota is actually maintained not lower than 15 per cent of the deal as well as QIB part is kept at not more than fifty per-cent of the promotion.The provider has actually recommended to use IPO profits for financing the capital expenditure criteria towards putting together of an added manufacturing device at Mehsana, Gujarat and also standard company reasons.The company reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood at Rs 9.42 crore throughout the time period.Aeron Compound Ltd is participated in business of production as well as supplying of Fiberglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for various industrial apps.It ships products to greater than 30 countries.Piping Securities Ltd is actually the exclusive book running top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Just the headline and also image of this file might have been modified by the Service Standard team the rest of the content is actually auto-generated coming from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.