.The IPO is actually totally a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 min read through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has actually fixed the cost band at Rs 121-125 every allotment for its SME going public which are going to open up for membership on August 28.The provider organizes to elevate approximately Rs 56.10 crore coming from its SME public problem, Aeron Composite stated in a claim.The business has actually acquired approval to launch its public concern on NSE Emerge Platform of the National Stock Exchange, it added.Everyone concern will end on August 30. Entrepreneurs can bid for a lowest of 1,000 shares as well as in multiples thereof.The IPO is entirely a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.Retail investor quota for the going public (IPO) is actually kept at not lower than 35 per cent of the net deal, Non institutional financier percentage is maintained certainly not less than 15 per cent of the deal and also QIB part is maintained not much more than 50 percent of the offer.The company has suggested to make use of IPO proceeds for moneying the capital spending requirements towards setting up of an additional production unit at Mehsana, Gujarat and standard business reasons.The firm disclosed earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web revenue stood up at Rs 9.42 crore during the time frame.Aeron Compound Ltd is actually engaged in business of production and providing of Fibreglass Reinforced Polymer Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several industrial applications.It ships products to much more than 30 nations.Piping Securities Ltd is the sole manual running top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Just the heading as well as picture of this record might possess been actually remodelled due to the Organization Standard team the rest of the content is auto-generated coming from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.