.The IPO is actually entirely a new issue of 44.88 lakh equity portions of stated value Rs 10 each.2 min read through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday stated it has actually dealt with the rate band at Rs 121-125 every allotment for its own SME initial public offering which will open up for subscription on August 28.The company plans to increase as much as Rs 56.10 crore coming from its SME social issue, Aeron Composite stated in a statement.The provider has obtained commendation to release its own public issue on NSE Emerge Platform of the National Stock Market, it added.Everyone issue will certainly end on August 30. Investors can easily purpose a minimum of 1,000 shares and in multiples thereof.The IPO is totally a fresh concern of 44.88 lakh equity shares of stated value Rs 10 each.Retail investor allocation for the initial public offering (IPO) is actually maintained certainly not lower than 35 per-cent of the net provide, Non institutional real estate investor quota is actually maintained certainly not less than 15 per cent of the promotion and also QIB portion is actually maintained certainly not much more than 50 per-cent of the provide.The firm has suggested to utilise IPO earnings for financing the capital investment requirements towards putting together of an added manufacturing unit at Mehsana, Gujarat and also basic company objectives.The business stated revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and net earnings stood at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is actually engaged in the business of production and providing of Fiberglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for various industrial functions.It exports products to more than 30 countries.Hem Stocks Ltd is actually the single publication managing lead manager, while Maashitla Securities Pvt Ltd is the registrar for the issue.( Only the headline as well as photo of this file might possess been actually revamped by the Company Requirement personnel the remainder of the content is actually auto-generated coming from a syndicated feed.) 1st Posted: Aug 24 2024|4:10 PM IST.