.The IPO is actually entirely a fresh concern of 44.88 lakh equity shares of face value Rs 10 each.2 minutes reviewed Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has actually repaired the price band at Rs 121-125 every share for its SME initial public offering which are going to open up for subscription on August 28.The firm organizes to increase approximately Rs 56.10 crore from its own SME social issue, Aeron Compound stated in a declaration.The company has acquired commendation to launch its own public concern on NSE Emerge System of the National Stock Exchange, it included.The general public concern will definitely wrap up on August 30. Investors can easily bid for a lowest of 1,000 reveals and also in multiples thereof.The IPO is actually completely a fresh problem of 44.88 lakh equity allotments of face value Rs 10 each.Retail investor allocation for the going public (IPO) is maintained certainly not less than 35 per cent of the internet offer, Non institutional capitalist allocation is actually maintained certainly not lower than 15 per cent of the provide and QIB part is actually maintained not much more than 50 per-cent of the deal.The firm has actually suggested to utilise IPO proceeds for financing the capital spending criteria towards putting together of an extra manufacturing system at Mehsana, Gujarat and general business objectives.The provider mentioned earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet income stood at Rs 9.42 crore during the duration.Aeron Compound Ltd is engaged in the business of manufacturing as well as offering of Fibreglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for various commercial apps.It ships products to greater than 30 countries.Hem Securities Ltd is the exclusive book running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Simply the title and also photo of this document may have been actually remodelled due to the Company Requirement personnel the remainder of the information is actually auto-generated coming from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.