.The IPO is actually totally a new issue of 44.88 lakh equity shares of face value Rs 10 each.2 minutes reviewed Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually taken care of the price band at Rs 121-125 every portion for its own SME going public which will certainly open for subscription on August 28.The firm organizes to increase up to Rs 56.10 crore coming from its SME public concern, Aeron Composite pointed out in a declaration.The firm has received commendation to release its own social problem on NSE Emerge System of the National Stock Exchange, it included.The general public issue will end on August 30. Investors may bid for a lowest of 1,000 reveals as well as in multiples thereof.The IPO is completely a fresh issue of 44.88 lakh equity allotments of stated value Rs 10 each.Retail client percentage for the going public (IPO) is actually kept at not less than 35 per-cent of the internet promotion, Non institutional real estate investor percentage is maintained not less than 15 percent of the provide and also QIB section is actually maintained not more than 50 percent of the provide.The provider has suggested to make use of IPO proceeds for funding the capital spending needs in the direction of putting together of an extra production device at Mehsana, Gujarat and also general business purposes.The provider stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet earnings stood up at Rs 9.42 crore during the course of the period.Aeron Composite Ltd is participated in business of manufacturing and providing of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different industrial applications.It ships items to more than 30 nations.Piping Stocks Ltd is actually the exclusive book managing top manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Just the title as well as image of this document might possess been actually reworked due to the Business Criterion personnel the remainder of the material is auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.