.The IPO is entirely a fresh problem of 44.88 lakh equity allotments of face value Rs 10 each.2 min went through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Saturday claimed it has fixed the cost band at Rs 121-125 per reveal for its own SME initial public offering which will definitely open up for membership on August 28.The provider plans to increase approximately Rs 56.10 crore coming from its SME social concern, Aeron Compound claimed in a claim.The firm has gotten commendation to launch its own public problem on NSE Emerge Platform of the National Stock Market, it included.Everyone issue will definitely wrap up on August 30. Clients can easily bid for a minimum required of 1,000 reveals and in multiples thereof.The IPO is completely a clean issue of 44.88 lakh equity portions of face value Rs 10 each.Retail investor allocation for the initial public offering (IPO) is actually maintained not lower than 35 per cent of the web provide, Non institutional financier quota is actually maintained certainly not less than 15 percent of the offer and QIB section is actually kept at not much more than 50 per-cent of the promotion.The business has suggested to make use of IPO proceeds for moneying the capital expenditure requirements in the direction of putting together of an extra production unit at Mehsana, Gujarat as well as general company objectives.The company reported profits of Rs 179.1 crore for FY 2023-24 (till February 2024) and also net income stood up at Rs 9.42 crore during the course of the time period.Aeron Compound Ltd is actually taken part in the business of production as well as providing of Fibreglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods adapted for a variety of commercial apps.It ships items to greater than 30 nations.Hem Stocks Ltd is the sole book running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the concern.( Merely the title as well as image of this record may possess been remodelled due to the Service Standard workers the rest of the web content is auto-generated coming from a syndicated feed.) Very First Posted: Aug 24 2024|4:10 PM IST.