.The IPO is actually totally a new issue of 44.88 lakh equity portions of stated value Rs 10 each.2 min read Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has fixed the price band at Rs 121-125 every reveal for its SME going public which will definitely open up for membership on August 28.The business organizes to elevate up to Rs 56.10 crore coming from its own SME public concern, Aeron Composite said in a statement.The business has acquired commendation to release its own public concern on NSE Emerge System of the National Stock Exchange, it added.The public concern is going to conclude on August 30. Entrepreneurs can purpose a minimum of 1,000 reveals as well as in multiples thereof.The IPO is actually entirely a fresh problem of 44.88 lakh equity portions of face value Rs 10 each.Retail financier quota for the going public (IPO) is kept at not lower than 35 per-cent of the web offer, Non institutional investor allocation is kept at certainly not lower than 15 per cent of the provide as well as QIB part is actually kept at certainly not much more than fifty per-cent of the offer.The firm has proposed to use IPO profits for financing the capital expenditure needs towards putting together of an extra production system at Mehsana, Gujarat and also overall business purposes.The provider disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web income stood up at Rs 9.42 crore during the time frame.Aeron Compound Ltd is taken part in the business of production and supplying of Fibreglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of commercial applications.It ships products to much more than 30 countries.Piping Stocks Ltd is actually the main book operating top supervisor, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Only the headline and image of this record might possess been actually modified due to the Company Standard team the rest of the material is auto-generated coming from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.