.The IPO is actually totally a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.2 minutes read through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday mentioned it has actually dealt with the price band at Rs 121-125 per portion for its own SME going public which are going to open for membership on August 28.The business considers to increase around Rs 56.10 crore from its own SME public issue, Aeron Composite claimed in a declaration.The provider has acquired approval to introduce its social problem on NSE Emerge System of the National Stock Market, it included.The public concern is going to conclude on August 30. Financiers may purpose a minimum required of 1,000 reveals as well as in multiples thereof.The IPO is entirely a fresh concern of 44.88 lakh equity shares of face value Rs 10 each.Retail investor percentage for the going public (IPO) is actually kept at not lower than 35 percent of the net offer, Non institutional entrepreneur quota is actually maintained not less than 15 per cent of the promotion as well as QIB section is actually maintained certainly not more than 50 per-cent of the promotion.The provider has recommended to utilise IPO proceeds for cashing the capital spending demands towards establishing of an added production unit at Mehsana, Gujarat as well as general company purposes.The provider stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as internet income stood up at Rs 9.42 crore throughout the period.Aeron Composite Ltd is actually engaged in business of manufacturing as well as supplying of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for various commercial apps.It exports products to more than 30 countries.Piping Stocks Ltd is actually the single publication managing top manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Just the title and also image of this record might have been actually reworked by the Business Requirement team the rest of the web content is auto-generated coming from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.