.The IPO is actually entirely a new issue of 44.88 lakh equity shares of stated value Rs 10 each.2 min reviewed Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday mentioned it has actually fixed the price band at Rs 121-125 every portion for its own SME going public which are going to open for registration on August 28.The provider organizes to elevate as much as Rs 56.10 crore from its SME social concern, Aeron Compound said in a statement.The company has actually obtained commendation to introduce its own public concern on NSE Emerge Platform of the National Stock Exchange, it included.The public concern is going to wrap up on August 30. Investors can easily purpose a lowest of 1,000 allotments and also in multiples thereof.The IPO is actually totally a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.Retail entrepreneur percentage for the initial public offering (IPO) is actually kept at certainly not less than 35 per cent of the net offer, Non institutional real estate investor quota is kept at certainly not less than 15 per cent of the offer and QIB part is kept at certainly not much more than fifty per-cent of the deal.The company has suggested to make use of IPO earnings for funding the capital investment demands in the direction of putting together of an extra manufacturing system at Mehsana, Gujarat as well as general business objectives.The business stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet income stood at Rs 9.42 crore during the course of the time frame.Aeron Composite Ltd is taken part in business of manufacturing as well as offering of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for various commercial apps.It ships items to greater than 30 countries.Piping Stocks Ltd is actually the only manual running lead manager, while Maashitla Stocks Pvt Ltd is the registrar for the issue.( Only the title and also photo of this file might have been reworked due to the Business Standard staff the rest of the information is auto-generated from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.