SME IPO
Rajputana Biodiesel IPO: Check allotment status, GMP and listing date
Rajputana Biodiesel¡¯s share allotment has been finalized, with the company set to list on the NSE SME platform on Tuesday. The Rs 25 crore SME IPO saw an overwhelming subscription of over 700 times, driven by strong retail and non-institutional demand. In the unlisted market, the shares are trading at a GMP of Rs 120, indicating a 90% premium on debut.
Rajesh Power Services shares list at 90% premium over IPO price. Check GMP, other details
Rajesh Power Services shares debuted with a 90% premium at Rs 636.5 on the BSE SME platform. The IPO, oversubscribed by 59 times, aims to fund various projects, including equipment purchases, setting up a DC solar power plant, and green hydrogen production. Key clients are major electricity supply companies in Gujarat.
IPO Calendar: 3 IPOs, 8 listings to keep primary market busy next week
The upcoming week in the primary market will see three IPOs, including the first small and medium REIT IPO, Property Share Platina. Other IPOs include Nisus Finance and Emerald Tyre Manufacturers. Additionally, eight companies, including Suraksha Diagnostic, are set to list.
Abha Power and Steel IPO Day 3: GMP, Price Band, Subscription, Key Dates and Review
Abha Power and Steel's NSE SME IPO was subscribed 6.44 times, with retail investors driving demand. The price band is Rs 75 per share, with proceeds funding modernization and working capital.
Lamosaic India shares list at 18% discount on NSE SME platform
The net proceeds from the public offer will be used for repayment of debt, incremental working capital, pursuing inorganic growth and general corporate purposes.
C2C Advanced Systems IPO sees withdrawal of 3.72 lakh applications
C2C Advanced Systems' Rs 99-crore IPO saw a significant setback as regulatory concerns led to 3.72 lakh applications worth Rs 27 crore being withdrawn. Sebi's intervention required the company to appoint independent auditors and NSE to set up a monitoring agency, prompting many investors to retract their bids.
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Agarwal Toughened Glass IPO opens today: Check key dates, GMP, price band and other details
Agarwal Toughened Glass's IPO opens today. The company wants to raise Rs 62.64 crore. It will list on the NSE SME platform. The IPO closes December 2. The price band is Rs 105-108 per share. Investors can apply for 1200 shares per lot. The company makes toughened glass.
C2C Advanced Systems GMP climbs post subscription close. Check allotment date and listing date
C2C Advanced Systems has deferred its listing date to December 3 after a Sebi directive raised concerns over the auditing system of the company. Currently, the GMP rose to Rs 145 from Rs 90 two days ago, which indicates a premium of 64% over the issue price.
C2C Advanced Systems GMP declines to 40% after SEBI action
C2C Advanced Systems IPO GMP: C2C Advanced Systems' IPO grey market premium dropped to about 40% after SEBI intervened, prompting a listing postponement and a withdrawal option for investors. Sebi's action follows concerns and requires an independent audit of the company's financials. The IPO, initially subscribed nearly 96 times, faces scrutiny similar to Trafiksol ITS Technologies earlier this year.
Apex Ecotech IPO opens today: Check key dates, GMP, price band and other details
Apex Ecotech's SME IPO opens today, seeking to raise Rs 25.54 crore by offering 34.99 lakh shares at Rs 71-73 apiece. The water and wastewater management company plans to list on NSE SME. The IPO closes November 29, with allotment expected December 2 and listing December 4. Proceeds will fund working capital and general corporate purposes.
Abha Power and Steel IPO opens today: Check key dates, GMP, price band and other details
Abha Power and Steel's SME IPO opens today, seeking to raise Rs 38.5 crore. The offer price is Rs 75 per share, with the IPO closing on November 29. The company, based in Chhattisgarh, operates in the iron and steel foundry sector. Proceeds will fund facility upgrades and expansion.
SME IPO of C2C Advanced Systems hit by Sebi action, listing date postponed
C2C Advanced Systems IPO Listing Date: The withdrawal window for QIB and NII categories will remain open until 4:00 PM, while the retail category can withdraw until 5:00 PM on November 26. For all categories, withdrawal will be permitted on November 27 and November 28 from 10:00 AM to 5:00 PM.
Rajputana Biodiesel IPO opens today: Check issue size, GMP, price band and other details
Rajputana Biodiesel's SME IPO opened today, aiming to raise Rs 25 crore via NSE SME platform. Priced at Rs 123-130 per share, the IPO closes on November 28, with a GMP of Rs 80. The company, specializing in biofuel manufacturing, plans to utilize funds for subsidiary loans and working capital.
Jungle Camps India secures BSE SME nod for IPO, aims to raise Rs 30 crore
Jungle Camps India (JCIL) has received in-principle approval for its IPO from the BSE SME Exchange after submitting the Draft Red Herring Prospectus (DRHP) in July. The company plans to raise around Rs 30 crore through the issuance of 40,86,400 equity shares with a face value of Rs 10, via the book-building route.
IPO Calendar: 6 new issues, 4 listings on investors' radar next week
Six new public offers are gearing up to launch in the SME market segment next week, with no new IPOs on the mainboard. These include Rajesh Power Services, Rajputana Biodiesel, Abha Power and Steel, Apex Ecotech, Agarwal Toughened Glass, and Ganesh Infraworld. Additionally, four companies, including Enviro Infra Engineers and NTPC Green, will be listed following their IPOs last week.
Lamosaic India IPO opens: Check issue size, GMP, price band and other details
Lamosaic India's SME IPO, aiming to raise Rs 61.2 crore, opened for subscription on November 21st and will close on November 26th. The company, specializing in building materials, plans to list its shares on the NSE SME platform with a share price of Rs 200 apiece. The proceeds will be utilized for debt repayment, working capital, and future growth initiatives.
SME IPO: Sebi mulls doubling application size up to Rs 4 lakh, floats consultation paper
SME IPO: The Securities and exchange board of India (Sebi) on Tuesday ?released a consultation paper and sought public feedback on suggestions made by the stock exchanges and merchant bankers to increase the application size.
Sebi plans tighter IPO rules for SMEs, higher investment amount
To combat misuse of funds, India's Securities and Exchange Board is proposing stricter regulations for small and medium enterprise IPOs. These include raising the minimum investment amount and requiring a minimum issue size, along with increased scrutiny on related party transactions and promoter share sales.
Sebi seeks to tighten eligibility criteria for SME IPOs. Here's how
Sebi is considering tightening rules for SME IPOs to protect retail investors. The regulator proposes to debar companies whose promoters or directors are debarred from the capital market or are wilful defaulters. This move aims to enhance investor protection in the SME IPO segment.
Neelam Linens shares list at 67% premium over IPO price on NSE SME platform
Neelam Linens and Garments is set to debut on the NSE SME platform with an expected 54% premium over its issue price. The company, specializing in home furnishings and apparel, plans to use the IPO proceeds for capital expenditure, debt repayment, and general corporate purposes. The Indian textile industry's projected growth and government incentives position Neelam for potential success.
IPO Calendar: NTPC Green to tap primary market along with 2 other issues next week
NTPC Green Energy's IPO worth Rs 10,000 crore opens on November 19. Lamosaic India and C2C Advanced Systems will also launch their IPOs in the SME segment. Additionally, Zinka Logistics Solutions will list on the exchanges.
Onyx Biotec IPO opens: Check, GMP, price band, key dates and other details
Onyx Biotec is launching an SME IPO to raise Rs 29 crore by offering shares at Rs 58-61 apiece. The pharmaceutical company aims to utilize the funds for upgrading its manufacturing unit, setting up a packaging line, and repaying debt. The IPO opened on November 13 and will close on November 18, with listing expected on November 21.
Mangal Compusolution IPO opens today: Check issue size, GMP, price band and other details
Mangal Compusolution has launched its SME IPO to raise Rs 16 crore, offering shares at Rs 45 apiece. The IT hardware equipment rental and sales company aims to list on NSE SME. The IPO opened on November 12 and closes on November 14, with a potential listing date of November 20.
IPO Calendar: 3 new IPOs, Swiggy listing to keep primary market buzzing next week
Zinka Logistics Solutions, a leading Bengaluru-based platform for truck operators, has set its IPO price band at Rs 259-273 per share, with subscriptions opening on November 13. The IPO includes a fresh share issue totaling Rs 550 crore and an offer for sale (OFS) of up to 2,06,85,800 shares by selling shareholders, valued at Rs 564.72 crore at the top price band.
Neelam Linens and Garments IPO opens today: Check issue size, price band, GMP and other details
Neelam Linens has launched its SME IPO to raise Rs 13 crore, offering shares at Rs 20-24 apiece. The Maharashtra-based soft home furnishing company aims to utilize the proceeds for capital expenditure, debt repayment, and general corporate purposes. The IPO opened on November 8 and will close on November 12, with a potential listing date of November 15.
111 IPOs, 36% global share; India's primary market hits two-decade high in Q3 2024: EY India
Highlighting a remarkable surge in India¡¯s Initial Public Offering (IPO) market, EY India¡¯s Q3 2024 IPO Trends report reveals that Indian stock exchanges recorded their highest quarterly listings in two decades
Waaree Energies' little-known subsidiary electrified D-Street with 66,000% return. Will the success story repeat?
Waaree Energies Share: Waaree Renewables Technologies, a subsidiary of Waaree Energies, skyrocketed in stock value, reflecting India's push for renewable energy. The company reported impressive profits over the past few years and boasts a solid order book. Waaree Energies is also making waves with its IPO, promising substantial returns and significant growth potential.
Usha Financial Services IPO opens today: Check issue size, GMP, price band and other details
The SME IPO of Usha Financial Services will open for subscription on Thursday and close on October 28. The company aims to raise ?98 crore through this IPO and plans to list its shares on the NSE SME platform.
United Heat Transfer IPO: Check issue size, GMP, price band and other details
The company is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipment¡¯s which are used as critical equipment¡¯s for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships among others.
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