.The IPO is entirely a new concern of 44.88 lakh equity shares of face value Rs 10 each.2 min read Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday mentioned it has corrected the cost band at Rs 121-125 every reveal for its SME initial public offering which are going to open up for membership on August 28.The firm plans to raise up to Rs 56.10 crore coming from its own SME public concern, Aeron Compound stated in a declaration.The provider has received commendation to launch its social issue on NSE Emerge System of the National Stock Market, it included.The public concern will certainly end on August 30. Investors can bid for a minimum of 1,000 allotments and also in multiples thereof.The IPO is entirely a new problem of 44.88 lakh equity reveals of stated value Rs 10 each.Retail capitalist quota for the initial public offering (IPO) is actually maintained not less than 35 per cent of the web provide, Non institutional entrepreneur percentage is actually maintained not lower than 15 per-cent of the offer as well as QIB portion is kept at not much more than 50 percent of the promotion.The business has actually suggested to utilise IPO proceeds for moneying the capital expenditure criteria in the direction of putting together of an additional manufacturing device at Mehsana, Gujarat and overall corporate reasons.The company disclosed revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net income stood at Rs 9.42 crore throughout the time frame.Aeron Composite Ltd is taken part in business of manufacturing and supplying of Fiberglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for a variety of industrial applications.It ships products to much more than 30 countries.Piping Stocks Ltd is actually the sole book running lead manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the concern.( Simply the title as well as photo of this document might possess been actually revamped due to the Organization Standard personnel the rest of the information is auto-generated coming from a syndicated feed.) Very First Posted: Aug 24 2024|4:10 PM IST.