.The IPO is completely a new problem of 44.88 lakh equity reveals of face value Rs 10 each.2 min read through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has actually dealt with the price band at Rs 121-125 per reveal for its own SME initial public offering which will open up for membership on August 28.The provider intends to elevate approximately Rs 56.10 crore from its SME public problem, Aeron Composite said in a statement.The business has received approval to release its social concern on NSE Emerge System of the National Stock Market, it included.The general public concern will wrap up on August 30. Real estate investors may purpose a minimum required of 1,000 reveals and in multiples thereof.The IPO is completely a clean problem of 44.88 lakh equity reveals of face value Rs 10 each.Retail entrepreneur quota for the going public (IPO) is actually kept at not less than 35 per cent of the net provide, Non institutional client allocation is maintained not less than 15 percent of the provide and also QIB part is kept at not more than fifty per cent of the deal.The firm has actually proposed to utilise IPO proceeds for cashing the capital spending needs in the direction of setting up of an added production device at Mehsana, Gujarat as well as standard corporate objectives.The company mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet income stood up at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is actually taken part in business of production and also offering of Fibreglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for various commercial applications.It ships products to greater than 30 countries.Piping Stocks Ltd is actually the single book running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Simply the title as well as photo of this document might possess been actually remodelled due to the Service Standard workers the rest of the information is auto-generated coming from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.