.The IPO is completely a new problem of 44.88 lakh equity allotments of stated value Rs 10 each.2 minutes read through Final Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has fixed the cost band at Rs 121-125 per allotment for its SME initial public offering which are going to open for registration on August 28.The company organizes to elevate as much as Rs 56.10 crore from its SME social problem, Aeron Compound said in a statement.The company has actually received commendation to launch its own social problem on NSE Emerge System of the National Stock Exchange, it incorporated.Everyone problem will wrap up on August 30. Capitalists may bid for a minimum required of 1,000 portions and also in multiples thereof.The IPO is actually completely a clean problem of 44.88 lakh equity shares of stated value Rs 10 each.Retail capitalist percentage for the going public (IPO) is actually maintained not less than 35 percent of the net offer, Non institutional entrepreneur percentage is actually maintained not less than 15 percent of the provide as well as QIB portion is kept at certainly not greater than fifty percent of the offer.The company has proposed to utilise IPO profits for cashing the capital spending requirements towards establishing of an added production unit at Mehsana, Gujarat and also general company purposes.The company reported profits of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as web profit stood up at Rs 9.42 crore throughout the time frame.Aeron Compound Ltd is taken part in your business of manufacturing and also supplying of Fiberglass Reinforced Plastic Products i.e. FRP products featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different commercial functions.It ships products to much more than 30 countries.Piping Securities Ltd is the only book operating lead supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the problem.( Simply the headline as well as image of this report may have been reworked due to the Company Specification workers the rest of the information is auto-generated from a syndicated feed.) First Released: Aug 24 2024|4:10 PM IST.