.The IPO is actually entirely a new concern of 44.88 lakh equity portions of face value Rs 10 each.2 minutes reviewed Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually repaired the price band at Rs 121-125 per portion for its own SME initial public offering which will certainly open up for registration on August 28.The firm prepares to raise as much as Rs 56.10 crore coming from its own SME social concern, Aeron Compound claimed in a declaration.The provider has actually obtained approval to release its own public concern on NSE Emerge System of the National Stock Exchange, it added.The public issue is going to conclude on August 30. Investors may purpose a minimum of 1,000 shares and also in multiples thereof.The IPO is entirely a new issue of 44.88 lakh equity allotments of stated value Rs 10 each.Retail client allocation for the going public (IPO) is actually maintained not less than 35 percent of the net offer, Non institutional entrepreneur allocation is actually maintained not lower than 15 per cent of the offer and also QIB part is kept at not greater than 50 per cent of the offer.The firm has suggested to use IPO profits for funding the capital spending requirements towards establishing of an extra production device at Mehsana, Gujarat and also overall company objectives.The company mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and web revenue stood up at Rs 9.42 crore in the course of the duration.Aeron Compound Ltd is participated in your business of manufacturing and providing of Fibreglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for numerous industrial functions.It ships items to much more than 30 countries.Piping Stocks Ltd is actually the only book operating lead manager, while Maashitla Stocks Pvt Ltd is actually the registrar for the issue.( Simply the heading as well as photo of this record may have been reworked due to the Business Criterion personnel the remainder of the content is actually auto-generated from a syndicated feed.) First Published: Aug 24 2024|4:10 PM IST.