.The IPO is actually entirely a fresh issue of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes read through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has dealt with the rate band at Rs 121-125 per portion for its SME initial public offering which will open up for membership on August 28.The company intends to elevate up to Rs 56.10 crore from its SME social problem, Aeron Composite stated in a claim.The firm has received commendation to introduce its own public problem on NSE Emerge System of the National Stock Market, it added.The public issue will definitely conclude on August 30. Clients can purpose a minimum of 1,000 shares and also in multiples thereof.The IPO is actually entirely a new issue of 44.88 lakh equity reveals of stated value Rs 10 each.Retail real estate investor quota for the initial public offering (IPO) is actually kept at certainly not less than 35 percent of the net deal, Non institutional capitalist quota is maintained not lower than 15 per-cent of the provide and QIB part is kept at not greater than 50 per-cent of the provide.The provider has actually recommended to utilise IPO proceeds for financing the capital investment criteria towards setting up of an added manufacturing unit at Mehsana, Gujarat as well as overall business reasons.The business stated profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet revenue stood at Rs 9.42 crore in the course of the time period.Aeron Composite Ltd is actually participated in business of manufacturing and also providing of Fibreglass Reinforced Polymer Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial apps.It transports products to greater than 30 nations.Hem Stocks Ltd is actually the sole book running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Merely the headline and picture of this report might have been remodelled by the Service Requirement staff the remainder of the content is actually auto-generated coming from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.