.The IPO is actually entirely a fresh problem of 44.88 lakh equity reveals of face value Rs 10 each.2 minutes read through Final Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually corrected the price band at Rs 121-125 per portion for its own SME initial public offering which will certainly open for subscription on August 28.The provider plans to increase as much as Rs 56.10 crore from its own SME public issue, Aeron Compound said in a claim.The firm has obtained approval to introduce its social concern on NSE Emerge System of the National Stock Market, it added.The general public issue will definitely conclude on August 30. Entrepreneurs may bid for a minimum of 1,000 portions and also in multiples thereof.The IPO is totally a fresh concern of 44.88 lakh equity shares of face value Rs 10 each.Retail capitalist percentage for the going public (IPO) is actually maintained not less than 35 per-cent of the web offer, Non institutional entrepreneur quota is kept at not less than 15 per cent of the deal and QIB portion is maintained certainly not more than 50 per cent of the provide.The firm has proposed to utilise IPO proceeds for funding the capital investment criteria in the direction of setting up of an extra manufacturing device at Mehsana, Gujarat and also standard business purposes.The provider disclosed income of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net earnings stood at Rs 9.42 crore in the course of the duration.Aeron Compound Ltd is actually participated in your business of manufacturing and providing of Fiberglass Reinforced Polymer Products i.e. FRP products including, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different commercial functions.It exports products to much more than 30 countries.Hem Securities Ltd is the exclusive manual operating lead manager, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Just the heading as well as photo of this report may possess been actually revamped by the Company Requirement personnel the remainder of the content is auto-generated from a syndicated feed.) Initial Released: Aug 24 2024|4:10 PM IST.