.The IPO is entirely a new issue of 44.88 lakh equity portions of face value Rs 10 each.2 min checked out Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has taken care of the rate band at Rs 121-125 per reveal for its SME initial public offering which will open up for subscription on August 28.The firm plans to raise around Rs 56.10 crore coming from its own SME social concern, Aeron Compound stated in a declaration.The firm has acquired approval to launch its social concern on NSE Emerge System of the National Stock Exchange, it added.Everyone concern will certainly conclude on August 30. Financiers can purpose a lowest of 1,000 allotments as well as in multiples thereof.The IPO is completely a clean concern of 44.88 lakh equity allotments of face value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is kept at not lower than 35 percent of the net promotion, Non institutional real estate investor quota is actually kept at certainly not lower than 15 per-cent of the offer and QIB portion is kept at not greater than fifty per cent of the promotion.The provider has proposed to utilise IPO profits for financing the capital spending requirements towards setting up of an added production unit at Mehsana, Gujarat and also overall company functions.The provider stated income of Rs 179.1 crore for FY 2023-24 (till February 2024) and net revenue stood at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is actually engaged in the business of production and also offering of Fibreglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for a variety of industrial functions.It transports items to more than 30 nations.Hem Stocks Ltd is the sole book running lead manager, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Merely the heading as well as image of this record might possess been actually reworked due to the Company Requirement workers the remainder of the web content is actually auto-generated coming from a syndicated feed.) 1st Published: Aug 24 2024|4:10 PM IST.