.The IPO is actually completely a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes reviewed Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday said it has fixed the price band at Rs 121-125 per share for its own SME initial public offering which will definitely open for registration on August 28.The provider prepares to increase as much as Rs 56.10 crore coming from its SME social problem, Aeron Compound claimed in a declaration.The company has obtained approval to introduce its public issue on NSE Emerge Platform of the National Stock Exchange, it added.Everyone concern will definitely wrap up on August 30. Financiers can easily purpose a minimum required of 1,000 portions and also in multiples thereof.The IPO is actually completely a fresh problem of 44.88 lakh equity allotments of stated value Rs 10 each.Retail client percentage for the initial public offering (IPO) is maintained not less than 35 percent of the web deal, Non institutional real estate investor quota is maintained not less than 15 per cent of the deal and QIB part is kept at certainly not more than fifty per cent of the deal.The business has recommended to utilise IPO earnings for cashing the capital spending demands towards establishing of an extra manufacturing device at Mehsana, Gujarat and standard company objectives.The company reported revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web earnings stood at Rs 9.42 crore in the course of the time period.Aeron Compound Ltd is participated in your business of production as well as supplying of Fibreglass Reinforced Plastic Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for different industrial apps.It transports items to greater than 30 countries.Piping Securities Ltd is the single manual managing top manager, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Only the headline and picture of this report may possess been remodelled due to the Organization Specification workers the rest of the content is auto-generated coming from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.