.The IPO is actually entirely a fresh issue of 44.88 lakh equity reveals of stated value Rs 10 each.2 min read through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has repaired the price band at Rs 121-125 per share for its SME going public which will open up for subscription on August 28.The provider organizes to raise around Rs 56.10 crore coming from its own SME public issue, Aeron Composite claimed in a claim.The firm has obtained commendation to launch its public issue on NSE Emerge System of the National Stock Exchange, it added.Everyone problem will conclude on August 30. Entrepreneurs can easily purpose a minimum required of 1,000 portions and in multiples thereof.The IPO is actually totally a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail financier allocation for the going public (IPO) is actually kept at not less than 35 per cent of the web deal, Non institutional capitalist percentage is actually kept at certainly not less than 15 percent of the deal as well as QIB part is kept at certainly not greater than fifty per cent of the deal.The business has suggested to utilise IPO proceeds for financing the capital expenditure criteria towards putting together of an additional manufacturing system at Mehsana, Gujarat and overall business reasons.The firm disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net revenue stood up at Rs 9.42 crore throughout the duration.Aeron Compound Ltd is taken part in business of production as well as offering of Fibreglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for a variety of commercial applications.It transports products to more than 30 countries.Piping Stocks Ltd is the single publication managing top supervisor, while Maashitla Securities Pvt Ltd is the registrar for the issue.( Merely the headline as well as photo of this document might possess been actually revamped by the Business Criterion personnel the rest of the material is auto-generated coming from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.