.The IPO is actually totally a fresh issue of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes reviewed Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually repaired the cost band at Rs 121-125 every portion for its SME going public which will definitely open up for membership on August 28.The provider considers to raise approximately Rs 56.10 crore coming from its own SME public issue, Aeron Composite claimed in a statement.The provider has actually received commendation to introduce its public problem on NSE Emerge System of the National Stock Market, it included.The public concern is going to wrap up on August 30. Capitalists may bid for a minimum required of 1,000 allotments as well as in multiples thereof.The IPO is entirely a clean issue of 44.88 lakh equity allotments of face value Rs 10 each.Retail client quota for the going public (IPO) is actually maintained certainly not lower than 35 percent of the net provide, Non institutional client quota is actually kept at certainly not lower than 15 percent of the provide as well as QIB section is maintained not greater than fifty per cent of the provide.The company has suggested to use IPO earnings for cashing the capital investment requirements in the direction of setting up of an extra production unit at Mehsana, Gujarat and also overall corporate purposes.The firm disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web earnings stood at Rs 9.42 crore during the duration.Aeron Composite Ltd is actually taken part in your business of production and also supplying of Fibreglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various commercial applications.It transports items to more than 30 nations.Piping Securities Ltd is actually the single book managing lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Simply the headline and photo of this file may have been actually reworked by the Company Standard personnel the remainder of the web content is actually auto-generated from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.