.The IPO is actually entirely a new concern of 44.88 lakh equity shares of stated value Rs 10 each.2 minutes read Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually fixed the rate band at Rs 121-125 per reveal for its SME going public which are going to open for registration on August 28.The company organizes to raise up to Rs 56.10 crore from its SME public concern, Aeron Composite mentioned in a claim.The business has actually gotten approval to introduce its public issue on NSE Emerge Platform of the National Stock Market, it included.The public issue will wrap up on August 30. Real estate investors can purpose a minimum of 1,000 allotments and also in multiples thereof.The IPO is entirely a clean concern of 44.88 lakh equity reveals of stated value Rs 10 each.Retail investor percentage for the initial public offering (IPO) is actually maintained certainly not lower than 35 per cent of the net offer, Non institutional real estate investor percentage is actually kept at not lower than 15 percent of the deal as well as QIB part is actually maintained certainly not much more than fifty percent of the offer.The firm has actually proposed to use IPO proceeds for financing the capital expenditure criteria towards putting together of an added manufacturing unit at Mehsana, Gujarat and standard corporate objectives.The provider disclosed revenue of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web revenue stood at Rs 9.42 crore during the period.Aeron Compound Ltd is actually engaged in your business of production and also offering of Fiberglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods customized for several industrial applications.It exports items to greater than 30 nations.Piping Securities Ltd is the main book managing top supervisor, while Maashitla Securities Pvt Ltd is actually the registrar for the issue.( Merely the heading and photo of this file may have been revamped due to the Company Criterion workers the rest of the content is auto-generated coming from a syndicated feed.) Very First Released: Aug 24 2024|4:10 PM IST.