.The IPO is actually completely a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 min checked out Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has actually fixed the cost band at Rs 121-125 per reveal for its SME initial public offering which will open for membership on August 28.The business considers to elevate up to Rs 56.10 crore from its SME social concern, Aeron Compound stated in a statement.The business has actually received commendation to introduce its own social issue on NSE Emerge Platform of the National Stock Market, it included.The public problem will definitely end on August 30. Financiers may purpose a minimum required of 1,000 shares and also in multiples thereof.The IPO is totally a new issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail real estate investor percentage for the initial public offering (IPO) is actually kept at not less than 35 per cent of the net offer, Non institutional entrepreneur quota is kept at certainly not less than 15 per-cent of the promotion as well as QIB section is maintained certainly not much more than fifty per-cent of the provide.The provider has actually suggested to make use of IPO proceeds for cashing the capital spending criteria in the direction of putting together of an additional production system at Mehsana, Gujarat and general business reasons.The company stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet earnings stood up at Rs 9.42 crore during the duration.Aeron Compound Ltd is actually participated in your business of manufacturing and also providing of Fiberglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different commercial functions.It exports items to more than 30 countries.Hem Stocks Ltd is the sole book operating lead manager, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Simply the heading as well as photo of this file might possess been actually remodelled by the Company Standard workers the rest of the content is actually auto-generated coming from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.