.The IPO is entirely a fresh concern of 44.88 lakh equity portions of face value Rs 10 each.2 min read Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has actually repaired the cost band at Rs 121-125 per reveal for its own SME going public which will definitely open for subscription on August 28.The provider considers to raise up to Rs 56.10 crore coming from its SME public problem, Aeron Compound stated in a statement.The firm has obtained commendation to introduce its own social problem on NSE Emerge Platform of the National Stock Market, it included.Everyone issue will wrap up on August 30. Real estate investors may bid for a minimum of 1,000 portions and in multiples thereof.The IPO is actually completely a new problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail financier allocation for the going public (IPO) is actually maintained not less than 35 per-cent of the internet deal, Non institutional investor percentage is actually maintained certainly not lower than 15 percent of the offer and also QIB section is actually maintained not more than 50 per cent of the offer.The provider has suggested to use IPO profits for cashing the capital spending requirements in the direction of putting together of an added production system at Mehsana, Gujarat as well as general business functions.The firm reported income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood up at Rs 9.42 crore throughout the time frame.Aeron Composite Ltd is actually engaged in the business of production and also supplying of Fibreglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of commercial apps.It ships items to greater than 30 countries.Hem Stocks Ltd is actually the single manual operating lead supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the headline and also picture of this report might possess been reworked due to the Company Criterion staff the remainder of the material is actually auto-generated from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.