.The IPO is completely a new problem of 44.88 lakh equity shares of face value Rs 10 each.2 min read through Final Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has corrected the price band at Rs 121-125 every share for its own SME initial public offering which will definitely open for membership on August 28.The firm prepares to raise as much as Rs 56.10 crore from its own SME social problem, Aeron Compound said in a declaration.The provider has actually acquired approval to launch its own public problem on NSE Emerge System of the National Stock Exchange, it incorporated.The general public issue will conclude on August 30. Clients may bid for a minimum required of 1,000 shares and in multiples thereof.The IPO is actually completely a new concern of 44.88 lakh equity reveals of face value Rs 10 each.Retail client allocation for the going public (IPO) is actually maintained not less than 35 per-cent of the internet offer, Non institutional entrepreneur percentage is actually maintained certainly not less than 15 per cent of the promotion as well as QIB section is maintained certainly not greater than 50 per-cent of the promotion.The provider has recommended to make use of IPO profits for funding the capital spending demands in the direction of establishing of an additional production device at Mehsana, Gujarat as well as overall company functions.The company reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) and internet profit stood at Rs 9.42 crore during the time period.Aeron Compound Ltd is taken part in the business of production and providing of Fiberglass Reinforced Polymer Products i.e. FRP items featuring, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for different industrial functions.It exports items to more than 30 nations.Hem Stocks Ltd is the only publication running lead supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the concern.( Simply the heading as well as image of this record may have been remodelled due to the Business Standard workers the remainder of the information is auto-generated coming from a syndicated feed.) Very First Posted: Aug 24 2024|4:10 PM IST.