.The IPO is completely a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 min checked out Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually fixed the cost band at Rs 121-125 per reveal for its SME initial public offering which are going to open for registration on August 28.The company intends to increase up to Rs 56.10 crore from its SME public problem, Aeron Compound claimed in a statement.The company has gotten commendation to launch its own public concern on NSE Emerge System of the National Stock Exchange, it incorporated.Everyone issue will definitely end on August 30. Entrepreneurs may bid for a minimum required of 1,000 reveals as well as in multiples thereof.The IPO is actually entirely a clean concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail entrepreneur percentage for the initial public offering (IPO) is actually kept at certainly not lower than 35 per cent of the web provide, Non institutional financier quota is maintained certainly not lower than 15 per cent of the provide as well as QIB portion is kept at not greater than fifty per-cent of the deal.The business has actually recommended to use IPO profits for financing the capital investment requirements in the direction of establishing of an extra manufacturing device at Mehsana, Gujarat and general company functions.The company reported income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet earnings stood up at Rs 9.42 crore throughout the period.Aeron Composite Ltd is actually engaged in business of manufacturing as well as supplying of Fibreglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications.It exports items to more than 30 countries.Hem Securities Ltd is actually the main book operating top manager, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Merely the title and also picture of this record might possess been actually revamped due to the Service Specification staff the remainder of the information is auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.