.The IPO is totally a new issue of 44.88 lakh equity shares of face value Rs 10 each.2 min went through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday claimed it has taken care of the price band at Rs 121-125 per share for its own SME initial public offering which will definitely open up for membership on August 28.The firm prepares to increase around Rs 56.10 crore coming from its SME public concern, Aeron Composite mentioned in a claim.The firm has acquired approval to launch its public concern on NSE Emerge System of the National Stock Market, it incorporated.The general public problem will certainly conclude on August 30. Investors can purpose a lowest of 1,000 allotments and also in multiples thereof.The IPO is actually totally a clean problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail real estate investor quota for the going public (IPO) is kept at not lower than 35 per cent of the net provide, Non institutional real estate investor allocation is maintained certainly not lower than 15 per-cent of the deal and also QIB section is kept at not greater than 50 per cent of the offer.The firm has recommended to make use of IPO earnings for moneying the capital expenditure criteria towards putting together of an added manufacturing unit at Mehsana, Gujarat and overall company reasons.The company mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet income stood up at Rs 9.42 crore during the course of the time frame.Aeron Composite Ltd is engaged in your business of production and offering of Fibreglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for various industrial functions.It ships items to greater than 30 nations.Piping Securities Ltd is the sole publication running lead manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Just the title and also photo of this file might possess been modified due to the Business Standard staff the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Posted: Aug 24 2024|4:10 PM IST.