.The IPO is actually completely a new issue of 44.88 lakh equity shares of face value Rs 10 each.2 minutes went through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday claimed it has actually taken care of the rate band at Rs 121-125 per share for its own SME initial public offering which will open for registration on August 28.The provider prepares to increase around Rs 56.10 crore from its own SME social problem, Aeron Composite said in a statement.The firm has actually obtained commendation to introduce its public problem on NSE Emerge System of the National Stock Exchange, it included.The public issue will definitely conclude on August 30. Entrepreneurs can purpose a minimum of 1,000 portions and in multiples thereof.The IPO is completely a clean concern of 44.88 lakh equity reveals of face value Rs 10 each.Retail real estate investor quota for the going public (IPO) is kept at certainly not less than 35 per-cent of the net provide, Non institutional investor quota is actually kept at not less than 15 per cent of the offer and also QIB section is actually maintained certainly not greater than fifty per-cent of the provide.The provider has proposed to make use of IPO profits for cashing the capital expenditure requirements towards putting together of an added production unit at Mehsana, Gujarat and also standard company objectives.The firm reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and web profit stood up at Rs 9.42 crore during the time frame.Aeron Composite Ltd is actually taken part in the business of production and supplying of Fibreglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for a variety of industrial apps.It transports items to much more than 30 countries.Piping Securities Ltd is actually the sole manual managing top manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Merely the headline as well as image of this report might have been actually revamped by the Business Standard personnel the remainder of the information is actually auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.