.The IPO is totally a new problem of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes read through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually repaired the cost band at Rs 121-125 every reveal for its own SME going public which are going to open for membership on August 28.The company prepares to elevate approximately Rs 56.10 crore from its SME public problem, Aeron Composite said in a declaration.The business has gotten approval to release its social issue on NSE Emerge System of the National Stock Market, it added.Everyone concern will end on August 30. Financiers can easily bid for a minimum required of 1,000 allotments and also in multiples thereof.The IPO is actually entirely a fresh concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail real estate investor quota for the going public (IPO) is actually kept at not less than 35 per-cent of the net provide, Non institutional investor allocation is maintained not lower than 15 percent of the provide and QIB part is kept at certainly not greater than fifty per cent of the deal.The business has recommended to utilise IPO proceeds for funding the capital investment demands in the direction of putting together of an added production unit at Mehsana, Gujarat as well as overall business purposes.The company mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net earnings stood at Rs 9.42 crore during the course of the period.Aeron Compound Ltd is actually engaged in your business of manufacturing and also providing of Fibreglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for several industrial apps.It exports products to much more than 30 countries.Piping Stocks Ltd is actually the sole manual operating top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Only the headline and also photo of this record might have been actually remodelled due to the Service Requirement personnel the rest of the information is auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.