.The IPO is totally a new concern of 44.88 lakh equity reveals of stated value Rs 10 each.2 min read Last Upgraded: Aug 24 2024|4:10 PM IST.Aeron Compound Ltd on Sunday said it has actually repaired the rate band at Rs 121-125 per portion for its own SME initial public offering which will open up for registration on August 28.The business intends to raise up to Rs 56.10 crore coming from its SME social concern, Aeron Composite said in a statement.The company has received commendation to launch its social concern on NSE Emerge Platform of the National Stock Market, it included.The general public issue will wrap up on August 30. Clients may purpose a minimum of 1,000 portions and also in multiples thereof.The IPO is totally a fresh issue of 44.88 lakh equity shares of face value Rs 10 each.Retail capitalist allocation for the initial public offering (IPO) is actually maintained not lower than 35 per cent of the internet deal, Non institutional investor allocation is kept at not less than 15 percent of the provide and also QIB part is actually maintained not greater than 50 per-cent of the provide.The business has actually proposed to use IPO earnings for financing the capital investment requirements towards setting up of an additional manufacturing device at Mehsana, Gujarat and standard business reasons.The business reported earnings of Rs 179.1 crore for FY 2023-24 (till February 2024) as well as net earnings stood at Rs 9.42 crore during the time period.Aeron Composite Ltd is participated in your business of manufacturing and also supplying of Fiberglass Reinforced Polymer Products i.e. FRP products consisting of, FRP Pultruded Products, FRP Moulded Gratings & FRP Rods modified for different commercial apps.It transports items to more than 30 countries.Hem Stocks Ltd is the only book running top supervisor, while Maashitla Stocks Pvt Ltd is the registrar for the concern.( Merely the title and picture of this report may have been revamped by the Organization Criterion workers the rest of the web content is auto-generated coming from a syndicated feed.) Very First Published: Aug 24 2024|4:10 PM IST.