.The IPO is actually entirely a new problem of 44.88 lakh equity portions of face value Rs 10 each.2 min reviewed Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday claimed it has dealt with the price band at Rs 121-125 every portion for its own SME initial public offering which are going to open for membership on August 28.The provider plans to increase up to Rs 56.10 crore coming from its own SME social concern, Aeron Compound said in a statement.The firm has obtained approval to launch its own public problem on NSE Emerge System of the National Stock Exchange, it incorporated.Everyone problem will end on August 30. Investors can bid for a lowest of 1,000 reveals as well as in multiples thereof.The IPO is actually entirely a new issue of 44.88 lakh equity portions of face value Rs 10 each.Retail real estate investor allocation for the initial public offering (IPO) is maintained not less than 35 percent of the web deal, Non institutional investor quota is actually maintained not less than 15 per-cent of the provide and QIB section is actually maintained not greater than 50 per-cent of the deal.The business has recommended to make use of IPO profits for funding the capital expenditure criteria in the direction of setting up of an added production system at Mehsana, Gujarat and general corporate functions.The firm disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net revenue stood up at Rs 9.42 crore in the course of the time period.Aeron Compound Ltd is taken part 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 tailored for various commercial apps.It exports items to much more than 30 nations.Piping Securities Ltd is actually the sole publication operating lead manager, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Simply the heading and also photo of this report might possess been actually remodelled due to the Service Criterion personnel the remainder of the material is actually auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.