.The IPO is actually entirely a new issue of 44.88 lakh equity allotments of face value Rs 10 each.2 minutes reviewed Last Updated: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday stated it has actually dealt with the price band at Rs 121-125 per share for its own SME initial public offering which are going to open up for registration on August 28.The provider organizes to increase as much as Rs 56.10 crore from its own SME social concern, Aeron Compound claimed in a statement.The business has actually acquired approval to introduce its public concern on NSE Emerge System of the National Stock Market, it incorporated.The general public concern will certainly end on August 30. Financiers may bid for a minimum required of 1,000 shares and in multiples thereof.The IPO is actually entirely a clean concern of 44.88 lakh equity allotments of stated value Rs 10 each.Retail entrepreneur quota for the initial public offering (IPO) is actually maintained not lower than 35 per cent of the web provide, Non institutional entrepreneur allocation is actually maintained certainly not lower than 15 per-cent of the offer and QIB part is actually maintained not greater than 50 per-cent of the offer.The firm has proposed to utilise IPO proceeds for financing the capital spending demands towards putting together of an extra production unit at Mehsana, Gujarat as well as overall corporate purposes.The company mentioned earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and net earnings stood at Rs 9.42 crore during the time frame.Aeron Compound Ltd is participated in business of production as well as offering of Fibreglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different commercial applications.It exports products to much more than 30 nations.Hem Stocks Ltd is actually the exclusive publication running lead manager, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Just the title and also picture of this file might possess been actually modified due to the Service Standard personnel the remainder of the information is auto-generated coming from a syndicated feed.) 1st Released: Aug 24 2024|4:10 PM IST.