IPO Market is abuzz now as the announcements for 2024’s IPOs are coming in plenty. The year has already started with bang as Kay CEE Energy & Infra Limited made a bumper listing today with 367% premium. A new IPO is announced, and many more are on the way as per the DRHP filings with SEBI. Read on.
Kay Cee Energy & Infra Limited IPO makes a stellar debut
A prominent player in EPC services sector, Kay Cee Energy & Infra Limited debuted today on the small and medium enterprises segment of the National Stock Exchange (NSE).
The shares of the company listed at Rs Rs 252 per share, a hefty premium of 367% over the IPO price of Rs 54. The listing was in line with the record-subscriptions it received.
Kaushalya Logistics IPO allotment out, listing on Monday
The allotment of shares for the Rs 36.60 crore IPO of Kaushalya Logistics Limited was completed earlier today. The investors can check the allotment status at registrar Skyline Financial Services website if haven’t still. The company will make its debut on the NSE SME on Monday, January 08, 2024.
Companies file IPO papers with SEBI
- MobiKwik has filed draft papers with SEBI for its IPO. The company plans to raise Rs 700 crore through a fresh issue of equity shares without any OFS component. The company is also considering a pre-IPO placement of Rs 140 crore in consultation with its book running lead managers.
- Sanstar Limited, an Ahmedabad-based company has filed its draft red herring prospectus with SEBI for its IPO. The company plans to raise funds through a fresh issue of 40 million shares. The issue will also comprise of an OFS of up to 8 million shares. You can read the DRHP here for more details.
- Gretex Share Broking, a Mumbai-based stock broking company has filed its DRHP with SEBI for IPO. The IPO will comprise of a fresh isue of 16.78 million shares and an OFS of 3.096 million shares. The company will list on the primary exchanges.
New Swan Multitech IPO announced
The BSE SME IPO will open on January 11, 2024 and is a book-built issue comprising of a fresh issuance of 50.16 lakh shares worth Rs 33.11 crore. The price band is set at Rs 62 to Rs 66 at a face value of Rs 10 per share. You can read the prospectus at BSE website. More details will be published on our site shortly.
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