.The IPO is completely a fresh issue of 44.88 lakh equity reveals of face value Rs 10 each.2 min read Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has fixed the price band at Rs 121-125 per portion for its SME going public which are going to open for registration on August 28.The company organizes to raise approximately Rs 56.10 crore coming from its SME public issue, Aeron Compound pointed out in a claim.The business has acquired approval to introduce its social issue on NSE Emerge Platform of the National Stock Exchange, it incorporated.Everyone issue will end on August 30. Capitalists can easily purpose a minimum of 1,000 portions and in multiples thereof.The IPO is completely a clean concern of 44.88 lakh equity shares of face value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is kept at not less than 35 per-cent of the internet offer, Non institutional client percentage is actually kept at certainly not lower than 15 per cent of the provide as well as QIB section is maintained certainly not greater than 50 per-cent of the promotion.The business has actually proposed to make use of IPO proceeds for funding the capital investment requirements towards putting together of an added production system at Mehsana, Gujarat and also general company reasons.The firm stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and web profit stood at Rs 9.42 crore throughout the period.Aeron Composite Ltd is actually participated in business of manufacturing as well as offering of Fiberglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different commercial applications.It exports products to greater than 30 countries.Hem Stocks Ltd is actually the main manual operating top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Just the title and image of this file may have been actually remodelled by the Company Specification workers the rest of the material is actually auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.