.The IPO is completely a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 min read through Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually fixed the price band at Rs 121-125 per portion for its own SME initial public offering which are going to open up for registration on August 28.The firm organizes to elevate around Rs 56.10 crore from its SME public issue, Aeron Compound claimed in a statement.The provider has obtained approval to release its own public concern on NSE Emerge System of the National Stock Market, it included.The general public issue will end on August 30. Real estate investors may purpose a lowest of 1,000 portions and in multiples thereof.The IPO is entirely a clean concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail investor quota for the initial public offering (IPO) is maintained certainly not lower than 35 percent of the net deal, Non institutional real estate investor percentage is actually kept at certainly not lower than 15 per cent of the provide and also QIB part is kept at not greater than fifty per cent of the offer.The firm has recommended to use IPO proceeds for funding the capital investment requirements towards setting up of an additional production unit at Mehsana, Gujarat and general corporate purposes.The firm disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet profit stood up at Rs 9.42 crore throughout the time period.Aeron Compound Ltd is taken part in business of production and also supplying of Fiberglass Reinforced Plastic Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different industrial functions.It exports products to greater than 30 nations.Piping Securities Ltd is the sole publication managing lead supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the problem.( Simply the title and also picture of this record may have been actually reworked by the Company Criterion workers the remainder of the information is auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.