.The IPO is entirely a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 minutes went through 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 every share for its SME initial public offering which will open up for subscription on August 28.The business intends to elevate as much as Rs 56.10 crore from its own SME social issue, Aeron Compound pointed out in a declaration.The business has obtained commendation to release its own public issue on NSE Emerge Platform of the National Stock Exchange, it incorporated.The public issue will definitely end on August 30. Investors can easily purpose a minimum required of 1,000 allotments and in multiples thereof.The IPO is totally a new concern of 44.88 lakh equity shares of stated value Rs 10 each.Retail capitalist percentage for the initial public offering (IPO) is actually maintained not less than 35 per cent of the web offer, Non institutional client quota is maintained certainly not less than 15 percent of the deal and QIB portion is kept at not more than 50 percent of the offer.The company has actually recommended to use IPO profits for moneying the capital spending needs towards putting together of an additional production system at Mehsana, Gujarat as well as general corporate objectives.The business stated profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and web profit stood at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is actually engaged in the business of production and offering of Fibreglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for several commercial functions.It exports products to much more than 30 countries.Hem Securities Ltd is the only publication operating lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the problem.( Just the heading and also image of this report might have been actually modified due to the Service Criterion personnel the remainder of the material is actually auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.