.The IPO is actually completely a new issue of 44.88 lakh equity portions of face value Rs 10 each.2 min read through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has fixed the cost band at Rs 121-125 every reveal for its own SME going public which will definitely open for subscription on August 28.The company intends to elevate approximately Rs 56.10 crore coming from its own SME public issue, Aeron Compound pointed out in a statement.The provider has acquired commendation to introduce its social problem on NSE Emerge Platform of the National Stock Exchange, it incorporated.The public concern will definitely wrap up on August 30. Clients can bid for a lowest of 1,000 reveals and in multiples thereof.The IPO is actually entirely a clean issue of 44.88 lakh equity reveals of face value Rs 10 each.Retail investor allocation for the going public (IPO) is maintained certainly not lower than 35 per-cent of the internet deal, Non institutional capitalist percentage is kept at certainly not lower than 15 percent of the provide and QIB part is actually kept at certainly not greater than fifty per cent of the provide.The provider has actually suggested to make use of IPO earnings for moneying the capital investment needs towards setting up of an extra production unit at Mehsana, Gujarat and also basic corporate purposes.The business reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet income stood at Rs 9.42 crore throughout the time period.Aeron Compound Ltd is taken part in business of production and also providing of Fiberglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for a variety of industrial functions.It ships products to greater than 30 nations.Piping Stocks Ltd is the exclusive publication operating top manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Simply the headline and picture of this record might have been actually modified by the Business Criterion staff the rest of the content is actually auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.