.The IPO is totally a fresh issue of 44.88 lakh equity portions of face value Rs 10 each.2 minutes reviewed Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has actually taken care of the price band at Rs 121-125 per allotment for its SME going public which will certainly open for membership on August 28.The provider organizes to increase approximately Rs 56.10 crore from its SME public problem, Aeron Composite claimed in a claim.The provider has acquired commendation to launch its own public problem on NSE Emerge System of the National Stock Exchange, it added.The public concern will end on August 30. Entrepreneurs may purpose a minimum of 1,000 portions as well as in multiples thereof.The IPO is actually entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.Retail capitalist quota for the going public (IPO) is actually kept at not less than 35 percent of the net offer, Non institutional entrepreneur quota is kept at not less than 15 per-cent of the promotion and QIB part is maintained not more than 50 per-cent of the deal.The provider has actually suggested to utilise IPO proceeds for financing the capital expenditure needs towards putting together of an additional production system at Mehsana, Gujarat and basic business functions.The company stated profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet revenue stood at Rs 9.42 crore throughout the time frame.Aeron Composite Ltd is actually engaged in business of manufacturing and also offering of Fibreglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for various industrial functions.It exports items to more than 30 nations.Piping Securities Ltd is the single book operating top supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Merely the heading as well as picture of this report might have been reworked due to the Company Criterion team the remainder of the content is auto-generated coming from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.