.The IPO is entirely a fresh concern of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes read Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday mentioned it has actually taken care of the rate band at Rs 121-125 per reveal for its own SME going public which are going to open for membership on August 28.The company plans to increase approximately Rs 56.10 crore from its own SME public issue, Aeron Compound mentioned in a claim.The company has obtained commendation to launch its own public issue on NSE Emerge System of the National Stock Exchange, it incorporated.The public issue will certainly conclude on August 30. Clients may purpose a lowest of 1,000 shares as well as in multiples thereof.The IPO is actually completely a clean problem of 44.88 lakh equity shares of stated value Rs 10 each.Retail capitalist quota for the going public (IPO) is maintained not lower than 35 percent of the internet offer, Non institutional investor quota is actually kept at not less than 15 per-cent of the offer and also QIB portion is actually maintained certainly not more than fifty per-cent of the deal.The provider has suggested to make use of IPO profits for financing the capital spending demands in the direction of putting together of an added production device at Mehsana, Gujarat and also standard business functions.The firm stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net income stood at Rs 9.42 crore throughout the duration.Aeron Compound Ltd is actually participated in the business of manufacturing and offering of Fibreglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for a variety of industrial apps.It ships products to greater than 30 nations.Hem Stocks Ltd is the only manual running lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Only the title and picture of this file may possess been remodelled due to the Service Specification workers the rest of the material is actually auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.