.The IPO is actually totally a new concern of 44.88 lakh equity shares of face value Rs 10 each.2 min read through Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually repaired the cost band at Rs 121-125 every allotment for its own SME initial public offering which will certainly open for membership on August 28.The provider plans to raise around Rs 56.10 crore coming from its SME social problem, Aeron Compound said in a claim.The provider has gotten commendation to launch its public problem on NSE Emerge System of the National Stock Exchange, it added.Everyone concern will certainly conclude on August 30. Real estate investors can purpose a lowest of 1,000 portions as well as in multiples thereof.The IPO is actually entirely a new problem of 44.88 lakh equity reveals of face value Rs 10 each.Retail investor quota for the initial public offering (IPO) is actually maintained certainly not less than 35 percent of the internet promotion, Non institutional client quota is actually maintained certainly not lower than 15 per-cent of the offer and QIB portion is kept at not greater than 50 per-cent of the provide.The provider has recommended to use IPO proceeds for moneying the capital spending criteria towards establishing of an extra manufacturing device at Mehsana, Gujarat as well as overall corporate reasons.The business mentioned revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web revenue stood up at Rs 9.42 crore throughout the period.Aeron Compound Ltd is actually participated in your business of manufacturing and also offering of Fibreglass Reinforced Plastic Products i.e. FRP items consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for different industrial functions.It ships items to more than 30 countries.Piping Stocks Ltd is actually the sole manual managing top manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Simply the title and also photo of this report might have been actually revamped by the Organization Standard staff the remainder of the material is actually auto-generated coming from a syndicated feed.) 1st Published: Aug 24 2024|4:10 PM IST.