.The IPO is totally a fresh problem of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes read through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has repaired the cost band at Rs 121-125 per allotment for its own SME initial public offering which will certainly open for membership on August 28.The firm intends to raise as much as Rs 56.10 crore coming from its SME public concern, Aeron Compound said in a statement.The company has gotten approval to launch its public concern on NSE Emerge System of the National Stock Market, it incorporated.The general public issue will conclude on August 30. Real estate investors may purpose a minimum of 1,000 allotments and also in multiples thereof.The IPO is actually entirely a clean concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail client quota for the initial public offering (IPO) is actually maintained not lower than 35 per-cent of the internet promotion, Non institutional capitalist percentage is maintained not less than 15 percent of the deal as well as QIB section is kept at certainly not more than 50 percent of the deal.The business has actually recommended to use IPO earnings for financing the capital expenditure requirements towards setting up of an extra production unit at Mehsana, Gujarat and overall company purposes.The provider disclosed earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net profit stood at Rs 9.42 crore during the course of the time period.Aeron Composite Ltd is taken part in your business of production and supplying of Fibreglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for several industrial functions.It exports items to more than 30 nations.Hem Securities Ltd is the only publication managing top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the concern.( Just the headline and photo of this document may have been reworked due to the Service Standard team the remainder of the web content is actually auto-generated coming from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.