.The IPO is totally a fresh concern of 44.88 lakh equity reveals of face value Rs 10 each.2 min went through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually dealt with the cost band at Rs 121-125 every allotment for its SME initial public offering which will certainly open for membership on August 28.The company plans to elevate approximately Rs 56.10 crore from its SME social problem, Aeron Compound claimed in a declaration.The firm has received commendation to introduce its social issue on NSE Emerge Platform of the National Stock Market, it added.The general public concern will certainly conclude on August 30. Entrepreneurs can bid for a minimum of 1,000 allotments and in multiples thereof.The IPO is entirely a new problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail entrepreneur allocation for the going public (IPO) is maintained not less than 35 per-cent of the internet offer, Non institutional client allocation is kept at certainly not lower than 15 percent of the promotion and QIB section is actually kept at not greater than 50 per cent of the provide.The provider has actually proposed to utilise IPO profits for cashing the capital investment criteria towards setting up of an additional manufacturing unit at Mehsana, Gujarat and general company purposes.The provider stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net revenue stood at Rs 9.42 crore during the course of the time period.Aeron Composite Ltd is engaged in the business of manufacturing and also providing of Fibreglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous industrial apps.It exports products to more than 30 countries.Hem Stocks Ltd is the single manual managing lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Only the heading and also image of this file might have been actually modified by the Service Standard team the rest of the information is auto-generated from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.