.The IPO is entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.2 min reviewed Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually fixed the price band at Rs 121-125 per reveal for its own SME initial public offering which will certainly open for subscription on August 28.The firm considers to increase around Rs 56.10 crore coming from its SME social problem, Aeron Compound pointed out in a declaration.The business has actually obtained approval to introduce its own public problem on NSE Emerge Platform of the National Stock Exchange, it incorporated.The general public concern will certainly end on August 30. Clients may bid for a minimum required of 1,000 portions and in multiples thereof.The IPO is totally a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.Retail investor quota for the initial public offering (IPO) is maintained not less than 35 percent of the internet deal, Non institutional entrepreneur percentage is actually maintained certainly not lower than 15 per-cent of the promotion and QIB section is maintained not greater than 50 percent of the provide.The company has actually recommended to utilise IPO proceeds for cashing the capital expenditure criteria towards setting up of an added production unit at Mehsana, Gujarat and overall company purposes.The provider reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net earnings stood up at Rs 9.42 crore during the duration.Aeron Composite Ltd is engaged in business of manufacturing and also offering of Fiberglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for various commercial applications.It ships items to more than 30 nations.Piping Stocks Ltd is the sole publication managing lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Simply the title as well as photo of this record might possess been revamped due to the Service Criterion workers the rest of the information is actually auto-generated from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.