.The IPO is actually entirely a new issue of 44.88 lakh equity reveals of stated value Rs 10 each.2 min went through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually repaired the cost band at Rs 121-125 per share for its SME initial public offering which will certainly open for membership on August 28.The provider organizes to raise approximately Rs 56.10 crore coming from its SME social concern, Aeron Composite said in a claim.The company has acquired approval to introduce its public problem on NSE Emerge Platform of the National Stock Exchange, it included.The public problem will definitely end on August 30. Real estate investors can purpose a minimum of 1,000 portions and also in multiples thereof.The IPO is completely a new issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail financier allocation for the initial public offering (IPO) is actually kept at not less than 35 percent of the internet deal, Non institutional real estate investor allocation is actually maintained not lower than 15 per-cent of the offer as well as QIB part is actually maintained certainly not more than 50 percent of the provide.The provider has actually suggested to use IPO profits for funding the capital investment needs in the direction of putting together of an additional production device at Mehsana, Gujarat and also standard company functions.The company stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood at Rs 9.42 crore throughout the duration.Aeron Composite Ltd is engaged in the business of production and providing of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for several commercial applications.It transports products to much more than 30 countries.Hem Securities Ltd is the only publication operating top supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Simply the title and also picture of this file might have been modified due to the Organization Requirement team the remainder of the web content is auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.