.The IPO is actually completely a fresh problem of 44.88 lakh equity shares of stated value Rs 10 each.2 min checked out Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually corrected the rate band at Rs 121-125 per reveal for its own SME going public which are going to open up for membership on August 28.The business organizes to raise as much as Rs 56.10 crore from its SME public issue, Aeron Compound stated in a statement.The firm has actually obtained commendation to release its social problem on NSE Emerge Platform of the National Stock Exchange, it included.The public concern will definitely conclude on August 30. Real estate investors may purpose a minimum required of 1,000 reveals and in multiples thereof.The IPO is actually totally a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail investor allocation for the going public (IPO) is actually maintained not lower than 35 per-cent of the internet provide, Non institutional capitalist allocation is kept at not less than 15 per cent of the deal and QIB portion is actually maintained not greater than 50 percent of the promotion.The firm has actually recommended to make use of IPO profits for funding the capital expenditure needs in the direction of establishing of an additional production system at Mehsana, Gujarat and also standard company objectives.The company disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) and also internet profit stood at Rs 9.42 crore in the course of the duration.Aeron Composite Ltd is engaged in your business of manufacturing and offering of Fibreglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous industrial functions.It ships products to greater than 30 nations.Piping Securities Ltd is actually the main publication operating top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the headline and picture of this document might have been actually reworked due to the Business Criterion workers the rest of the web content is actually auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.