.The IPO is completely a new concern of 44.88 lakh equity allotments of stated value Rs 10 each.2 min reviewed Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has repaired the cost band at Rs 121-125 every share for its SME going public which are going to open for subscription on August 28.The company plans to elevate around Rs 56.10 crore coming from its SME social issue, Aeron Compound stated in a statement.The firm has actually received commendation to release its social issue on NSE Emerge Platform of the National Stock Market, it incorporated.Everyone concern will definitely conclude on August 30. Financiers can purpose a minimum of 1,000 portions and also in multiples thereof.The IPO is actually entirely a clean problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail financier percentage for the going public (IPO) is maintained not less than 35 percent of the web provide, Non institutional real estate investor percentage is actually maintained not lower than 15 per cent of the provide and also QIB section is actually kept at certainly not more than 50 percent of the offer.The company has actually proposed to use IPO profits for moneying the capital expenditure demands towards setting up of an additional production unit at Mehsana, Gujarat as well as overall corporate purposes.The company stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net revenue stood up at Rs 9.42 crore throughout the duration.Aeron Composite Ltd is actually participated in business of manufacturing as well as offering of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of industrial applications.It exports items to greater than 30 nations.Piping Securities Ltd is the main book operating top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Merely the headline and also picture of this document may possess been modified by the Service Standard personnel the rest of the information is actually auto-generated coming from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.