.The IPO is entirely a new problem of 44.88 lakh equity reveals of face value Rs 10 each.2 min read Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday claimed it has actually fixed the rate band at Rs 121-125 per share for its own SME initial public offering which will open for registration on August 28.The business considers to raise as much as Rs 56.10 crore from its own SME social issue, Aeron Compound pointed out in a statement.The firm has actually received approval to introduce its public concern on NSE Emerge Platform of the National Stock Exchange, it included.Everyone issue will end on August 30. Investors can easily bid for a minimum required of 1,000 portions and also in multiples thereof.The IPO is actually entirely a fresh problem of 44.88 lakh equity allotments of face value Rs 10 each.Retail client quota for the going public (IPO) is actually maintained not less than 35 per cent of the net deal, Non institutional client quota is maintained not less than 15 per cent of the promotion and also QIB part is maintained not more than fifty percent of the promotion.The business has actually suggested to make use of IPO proceeds for funding the capital investment requirements towards putting together of an additional manufacturing system at Mehsana, Gujarat and also standard business functions.The business mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web profit stood up at Rs 9.42 crore throughout the time frame.Aeron Composite Ltd is participated in your business of production and also offering of Fiberglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for different commercial apps.It ships products to more than 30 nations.Piping Stocks Ltd is the sole book operating lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Just the heading and photo of this record may have been modified due to the Company Requirement staff the rest of the content is actually auto-generated coming from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.