.The IPO is actually completely 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 Saturday claimed it has actually fixed the price band at Rs 121-125 per reveal for its own SME going public which are going to open up for registration on August 28.The company intends to elevate around Rs 56.10 crore coming from its SME public concern, Aeron Composite claimed in a declaration.The business has actually received approval to launch its own social problem on NSE Emerge Platform of the National Stock Exchange, it incorporated.Everyone issue will certainly wrap up on August 30. Clients can easily bid for a lowest of 1,000 shares and in multiples thereof.The IPO is actually entirely a clean issue of 44.88 lakh equity allotments of stated value Rs 10 each.Retail entrepreneur quota for the initial public offering (IPO) is actually kept at certainly not lower than 35 per cent of the net promotion, Non institutional entrepreneur quota is actually maintained certainly not lower than 15 percent of the provide as well as QIB part is maintained not more than 50 percent of the provide.The company has actually proposed to use IPO profits for moneying the capital spending requirements towards putting together of an extra production unit at Mehsana, Gujarat and overall corporate reasons.The firm disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and net earnings stood up at Rs 9.42 crore during the duration.Aeron Compound Ltd is participated in your business of production and also providing of Fiberglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous industrial apps.It ships products to greater than 30 nations.Hem Securities Ltd is the sole publication managing lead manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Simply the heading and picture of this file may have been actually modified by the Organization Criterion staff the rest of the material is actually auto-generated coming from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.