.The IPO is completely a new concern of 44.88 lakh equity shares of face 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 repaired the price band at Rs 121-125 every reveal for its own SME going public which are going to open for membership on August 28.The business plans to elevate as much as Rs 56.10 crore from its own SME social issue, Aeron Composite pointed out in a claim.The business has received commendation to introduce its own social issue on NSE Emerge Platform of the National Stock Exchange, it incorporated.The general public problem will definitely wrap up on August 30. Entrepreneurs can easily purpose a lowest of 1,000 shares as well as in multiples thereof.The IPO is actually totally a fresh problem of 44.88 lakh equity shares of stated value Rs 10 each.Retail entrepreneur allocation for the initial public offering (IPO) is kept at not lower than 35 percent of the internet promotion, Non institutional client allocation is actually maintained not lower than 15 per cent of the deal and QIB section is actually maintained not more than 50 per cent of the promotion.The provider has proposed to use IPO proceeds for moneying the capital spending needs in the direction of putting together of an added production device at Mehsana, Gujarat as well as overall business objectives.The firm disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet income stood at Rs 9.42 crore in the course of the period.Aeron Compound Ltd is actually taken part in the business of production and also offering of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different industrial apps.It transports products to greater than 30 countries.Hem Stocks Ltd is the exclusive manual running lead manager, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Only the heading and also image of this report might possess been modified due to the Service Standard team the remainder of the information is actually auto-generated from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.