.The IPO is entirely a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 minutes read Last Improved: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday claimed it has corrected the rate band at Rs 121-125 per share for its SME initial public offering which are going to open up for membership on August 28.The provider considers to raise as much as Rs 56.10 crore from its own SME public problem, Aeron Composite said in a statement.The provider has actually received commendation to launch its public problem on NSE Emerge System of the National Stock Market, it added.Everyone concern is going to end on August 30. Investors may purpose a minimum required of 1,000 reveals and also in multiples thereof.The IPO is completely a new problem of 44.88 lakh equity shares of face value Rs 10 each.Retail real estate investor quota for the initial public offering (IPO) is kept at not less than 35 per cent of the internet offer, Non institutional financier percentage is actually maintained not less than 15 percent of the deal and also QIB portion is kept at not greater than 50 percent of the offer.The company has recommended to utilise IPO profits for financing the capital spending criteria towards putting together of an extra production system at Mehsana, Gujarat and standard company objectives.The business disclosed earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and also web income stood up at Rs 9.42 crore during the time frame.Aeron Compound Ltd is actually participated in business of production and offering of Fibreglass Reinforced Plastic Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for various commercial functions.It transports items to much more than 30 nations.Hem Securities Ltd is actually the exclusive book operating top manager, while Maashitla Securities Pvt Ltd is the registrar for the problem.( Only the title and also picture of this file might possess been modified due to the Service Requirement staff the remainder of the web content is actually auto-generated coming from a syndicated feed.) Initial Posted: Aug 24 2024|4:10 PM IST.