.The IPO is actually totally a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.2 min checked out Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has actually repaired the cost band at Rs 121-125 every allotment for its own SME initial public offering which are going to open up for registration on August 28.The provider organizes to raise up to Rs 56.10 crore coming from its own SME public issue, Aeron Compound mentioned in a statement.The company has obtained commendation to release its own social issue on NSE Emerge Platform of the National Stock Exchange, it included.The general public problem will wrap up on August 30. Financiers can easily purpose a minimum required of 1,000 portions as well as in multiples thereof.The IPO is actually totally a new issue of 44.88 lakh equity portions of stated value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is actually maintained not less than 35 percent of the internet promotion, Non institutional investor allocation is actually kept at not less than 15 percent of the offer and also QIB part is actually maintained not greater than 50 percent of the deal.The firm has proposed to use IPO proceeds for financing the capital spending requirements towards putting together of an added manufacturing unit at Mehsana, Gujarat and also basic corporate functions.The company reported profits of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as web profit stood at Rs 9.42 crore throughout the period.Aeron Composite Ltd is participated in your business of manufacturing as well as supplying of Fiberglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for numerous industrial functions.It transports items to more than 30 countries.Piping Securities Ltd is the sole book operating lead supervisor, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Simply the title and also image of this report might have been reworked due to the Business Criterion workers the rest of the material is auto-generated from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.