.The IPO is actually totally a new concern of 44.88 lakh equity portions of face value Rs 10 each.2 minutes read through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually fixed the rate band at Rs 121-125 every portion for its SME initial public offering which will open for registration on August 28.The business considers to elevate approximately Rs 56.10 crore from its SME social problem, Aeron Composite stated in a declaration.The firm has obtained approval to introduce its social concern on NSE Emerge System of the National Stock Exchange, it included.The general public concern will conclude on August 30. Capitalists may bid for a minimum of 1,000 allotments and in multiples thereof.The IPO is completely a new concern of 44.88 lakh equity reveals of face value Rs 10 each.Retail real estate investor quota for the initial public offering (IPO) is kept at not lower than 35 per-cent of the web provide, Non institutional financier quota is actually kept at certainly not less than 15 per cent of the promotion as well as QIB section is kept at certainly not much more than fifty percent of the promotion.The provider has suggested to use IPO proceeds for financing the capital spending needs in the direction of setting up of an additional production unit at Mehsana, Gujarat and overall corporate functions.The business reported income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood up at Rs 9.42 crore during the period.Aeron Compound Ltd is actually participated in the business of manufacturing and also offering of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for several commercial apps.It ships items to much more than 30 nations.Hem Securities Ltd is the only manual running lead manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Only the heading and image of this document might possess been remodelled due to the Organization Criterion personnel the rest of the information is actually auto-generated from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.