.The IPO is entirely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes went through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has repaired the cost band at Rs 121-125 every portion for its SME going public which will certainly open for membership on August 28.The firm plans to increase up to Rs 56.10 crore from its SME public concern, Aeron Compound stated in a statement.The provider has actually gotten commendation to launch its own public concern on NSE Emerge System of the National Stock Market, it added.The public issue will conclude on August 30. Capitalists may bid for a minimum of 1,000 reveals and also in multiples thereof.The IPO is actually entirely a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is maintained certainly not lower than 35 per cent of the web provide, Non institutional investor allocation is actually kept at not less than 15 percent of the deal as well as QIB portion is actually maintained not much more than 50 per cent of the deal.The company has actually proposed to use IPO earnings for moneying the capital spending needs in the direction of setting up of an additional manufacturing unit at Mehsana, Gujarat and standard business functions.The firm mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet revenue stood at Rs 9.42 crore during the period.Aeron Composite Ltd is actually participated in the business of manufacturing as well as offering of Fibreglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for different commercial functions.It ships products to much more than 30 countries.Piping Stocks Ltd is actually the main manual managing lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Merely the heading and picture of this document might possess been actually revamped by the Organization Standard team the rest of the content is actually auto-generated coming from a syndicated feed.) Initial Published: Aug 24 2024|4:10 PM IST.