.The IPO is actually completely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 min checked out Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has actually fixed the price band at Rs 121-125 per portion for its SME initial public offering which are going to open for registration on August 28.The provider intends to raise as much as Rs 56.10 crore coming from its own SME public problem, Aeron Compound pointed out in a claim.The company has actually gotten approval to launch its public issue on NSE Emerge Platform of the National Stock Market, it added.The public issue will conclude on August 30. Clients may purpose a minimum of 1,000 shares and also in multiples thereof.The IPO is completely a new problem of 44.88 lakh equity shares of stated value Rs 10 each.Retail investor quota for the going public (IPO) is kept at certainly not lower than 35 percent of the internet deal, Non institutional capitalist quota is actually maintained not lower than 15 per cent of the deal and QIB section is actually kept at certainly not much more than 50 per-cent of the promotion.The firm has proposed to utilise IPO earnings for cashing the capital expenditure criteria in the direction of setting up of an additional manufacturing device at Mehsana, Gujarat and general corporate purposes.The company reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web profit stood at Rs 9.42 crore during the period.Aeron Composite Ltd is actually engaged in the business of manufacturing as well as providing of Fibreglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous industrial apps.It transports products to greater than 30 nations.Piping Stocks Ltd is the exclusive book running lead supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the issue.( Merely the title and also photo of this file may have been revamped by the Service Criterion staff the remainder of the material is auto-generated from a syndicated feed.) 1st Published: Aug 24 2024|4:10 PM IST.