.The IPO is actually totally a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 minutes reviewed Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has taken care of the price band at Rs 121-125 every share for its own SME going public which will open up for subscription on August 28.The company prepares to increase around Rs 56.10 crore from its own SME social concern, Aeron Compound claimed in a claim.The provider has gotten approval to release its public issue on NSE Emerge System of the National Stock Market, it added.The general public problem will certainly wrap up on August 30. Capitalists may bid for a minimum required of 1,000 portions as well as in multiples thereof.The IPO is actually completely a clean issue of 44.88 lakh equity allotments of face value Rs 10 each.Retail financier percentage for the going public (IPO) is maintained certainly not less than 35 per-cent of the net promotion, Non institutional capitalist quota is maintained not less than 15 per cent of the promotion as well as QIB section is kept at certainly not much more than 50 per-cent of the deal.The provider has suggested to use IPO profits for funding the capital investment needs towards establishing of an added manufacturing unit at Mehsana, Gujarat and also general corporate objectives.The company disclosed revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet revenue stood at Rs 9.42 crore in the course of the period.Aeron Composite Ltd is actually participated in business of production and also providing of Fiberglass Reinforced Polymer Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for different commercial functions.It transports items to more than 30 countries.Hem Stocks Ltd is actually the main book running lead supervisor, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Simply the headline as well as picture of this record may possess been remodelled due to the Company Specification personnel the rest of the material is actually auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.