.The IPO is actually entirely a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 minutes checked out Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday mentioned it has taken care of the cost band at Rs 121-125 per portion for its SME initial public offering which will open up for subscription on August 28.The company prepares to elevate around Rs 56.10 crore coming from its SME public concern, Aeron Compound pointed out in a statement.The firm has acquired approval to introduce its public problem on NSE Emerge Platform of the National Stock Exchange, it added.The public issue will conclude on August 30. Financiers can purpose a minimum required of 1,000 allotments and in multiples thereof.The IPO is actually totally a clean problem of 44.88 lakh equity allotments of face value Rs 10 each.Retail client percentage for the going public (IPO) is actually kept at not less than 35 per cent of the internet deal, Non institutional investor quota is actually maintained not lower than 15 per-cent of the promotion and also QIB part is kept at certainly not much more than fifty per-cent of the deal.The provider has actually proposed to use IPO earnings for cashing the capital investment demands towards setting up of an additional manufacturing system at Mehsana, Gujarat as well as standard company objectives.The provider stated earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as web earnings stood up at Rs 9.42 crore throughout the period.Aeron Compound Ltd is actually engaged in your business of production and also providing of Fibreglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for numerous commercial functions.It exports items to more than 30 countries.Piping Securities Ltd is actually the exclusive book operating top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Merely the title as well as image of this file might possess been remodelled by the Service Requirement staff the rest of the information is actually auto-generated from a syndicated feed.) First Posted: Aug 24 2024|4:10 PM IST.