.The IPO is completely a fresh concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 minutes went through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has fixed the cost band at Rs 121-125 every portion for its SME going public which are going to open for subscription on August 28.The business prepares to elevate up to Rs 56.10 crore from its SME public issue, Aeron Composite stated in a declaration.The business has actually gotten approval to introduce its own social issue on NSE Emerge System of the National Stock Market, it included.Everyone concern will certainly conclude on August 30. Clients may bid for a minimum of 1,000 allotments as well as in multiples thereof.The IPO is actually entirely a clean issue of 44.88 lakh equity reveals of face value Rs 10 each.Retail investor allocation for the initial public offering (IPO) is actually kept at not lower than 35 per-cent of the net provide, Non institutional financier quota is maintained not less than 15 per cent of the deal and QIB part is actually kept at certainly not more than fifty per-cent of the promotion.The provider has proposed to use IPO profits for financing the capital expenditure requirements towards setting up of an added manufacturing unit at Mehsana, Gujarat and basic business objectives.The business disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet earnings stood at Rs 9.42 crore during the course of the time frame.Aeron Compound Ltd is taken part in business of production and also offering of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for different industrial functions.It ships items to greater than 30 countries.Piping Stocks Ltd is the only publication running top manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Only the heading and image of this record might have been actually reworked due to the Business Requirement personnel the remainder of the material is auto-generated coming from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.