.The IPO is completely a new issue of 44.88 lakh equity reveals of stated value Rs 10 each.2 min reviewed Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday mentioned it has dealt with the cost band at Rs 121-125 per reveal for its own SME going public which will certainly open up for membership on August 28.The firm plans to raise up to Rs 56.10 crore from its SME social concern, Aeron Composite said in a statement.The business has received commendation to introduce its own public concern on NSE Emerge System of the National Stock Market, it included.The general public problem will definitely wrap up on August 30. Real estate investors can easily bid for a lowest of 1,000 portions as well as in multiples thereof.The IPO is totally a new concern of 44.88 lakh equity shares of face value Rs 10 each.Retail client percentage for the going public (IPO) is actually kept at certainly not less than 35 percent of the net offer, Non institutional entrepreneur percentage is actually kept at not lower than 15 per cent of the promotion as well as QIB portion is maintained not more than fifty per cent of the provide.The business has suggested to utilise IPO earnings for funding the capital expenditure requirements in the direction of putting together of an additional production unit at Mehsana, Gujarat and overall corporate objectives.The firm disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and net income stood at Rs 9.42 crore during the course of the period.Aeron Compound Ltd is actually taken part in the business of manufacturing and also offering of Fibreglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for a variety of commercial apps.It transports products to much more than 30 nations.Hem Stocks Ltd is actually the single publication operating lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the issue.( Merely the title and also picture of this report may have been reworked by the Organization Requirement staff the rest of the material is actually auto-generated from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.