.The IPO is actually completely a new issue of 44.88 lakh equity shares of face value Rs 10 each.2 min went through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has actually dealt with the rate band at Rs 121-125 per allotment for its own SME going public which will definitely open up for membership on August 28.The business considers to increase approximately Rs 56.10 crore coming from its own SME public problem, Aeron Composite claimed in a statement.The firm has actually acquired commendation to introduce its own public problem on NSE Emerge Platform of the National Stock Market, it included.The general public issue will definitely end on August 30. Investors may purpose a minimum required of 1,000 reveals and also in multiples thereof.The IPO is actually totally a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail investor quota for the initial public offering (IPO) is actually maintained not lower than 35 per cent of the internet provide, Non institutional financier allocation is actually kept at not less than 15 percent of the promotion and QIB portion is actually maintained not more than 50 per cent of the promotion.The company has actually suggested to utilise IPO earnings for cashing the capital expenditure criteria in the direction of putting together of an added manufacturing device at Mehsana, Gujarat and general company reasons.The company disclosed profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and web profit stood at Rs 9.42 crore in the course of the duration.Aeron Compound Ltd is engaged in your business of production and providing of Fiberglass Reinforced Polymer Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for several industrial apps.It transports items to more than 30 countries.Hem Securities Ltd is actually the single publication running top manager, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Only the headline and image of this file might have been actually revamped by the Service Standard team the remainder of the web content is auto-generated from a syndicated feed.) Very First Posted: Aug 24 2024|4:10 PM IST.