.The IPO is actually entirely a fresh concern of 44.88 lakh equity portions of face value Rs 10 each.2 min went through Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually taken care of the cost band at Rs 121-125 per portion for its SME initial public offering which will certainly open for membership on August 28.The firm prepares to increase up to Rs 56.10 crore from its own SME social issue, Aeron Composite claimed in a declaration.The firm has actually received commendation to introduce its own social concern on NSE Emerge System of the National Stock Exchange, it included.The public issue will certainly wrap up on August 30. Financiers can easily purpose a minimum of 1,000 allotments and also in multiples thereof.The IPO is actually completely a fresh issue of 44.88 lakh equity shares of stated value Rs 10 each.Retail financier quota for the going public (IPO) is actually maintained certainly not less than 35 per-cent of the web offer, Non institutional financier quota is kept at not less than 15 per-cent of the provide and also QIB section is maintained not more than fifty per cent of the provide.The business has actually recommended to use IPO proceeds for funding the capital investment demands in the direction of putting together of an added manufacturing unit at Mehsana, Gujarat as well as basic business reasons.The company stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) and net profit stood at Rs 9.42 crore throughout the period.Aeron Compound Ltd is engaged in your business of manufacturing as well as providing of Fibreglass Reinforced Plastic Products i.e. FRP items including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for several commercial functions.It ships products to much more than 30 nations.Hem Securities Ltd is the main book managing top manager, while Maashitla Securities Pvt Ltd is the registrar for the concern.( Just the heading and image of this document might possess been actually reworked by the Company Standard personnel the rest of the information is auto-generated coming from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.