.The IPO is totally a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 min went through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has fixed the rate band at Rs 121-125 every share for its SME initial public offering which will certainly open up for subscription on August 28.The provider prepares to raise as much as Rs 56.10 crore coming from its SME public issue, Aeron Compound said in a statement.The provider has actually received approval to introduce its own public concern on NSE Emerge Platform of the National Stock Exchange, it incorporated.Everyone problem will end on August 30. Entrepreneurs can purpose a minimum of 1,000 shares and in multiples thereof.The IPO is entirely 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 maintained not less than 35 per-cent of the net deal, Non institutional client allocation is maintained not less than 15 percent of the promotion and QIB portion is maintained certainly not greater than 50 percent of the promotion.The provider has actually proposed to utilise IPO proceeds for moneying the capital expenditure criteria towards putting together of an added production system at Mehsana, Gujarat and overall corporate reasons.The company disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and web earnings stood at Rs 9.42 crore in the course of the duration.Aeron Composite Ltd is taken part in business of manufacturing and also supplying of Fiberglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different commercial functions.It transports items to more than 30 countries.Piping Securities Ltd is actually the main book operating top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the issue.( Merely the heading and photo of this document might possess been actually reworked due to the Business Standard workers the remainder of the web content is actually auto-generated coming from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.