While there are no initial public offerings lined up for this first week of 2024, the activities of recent week’s issues are still ongoing. No new IPOs are opening today but Kay Cee Energy & Infra is closing and public subscription for Kaushalya Logistics is open and will remain so till tomorrow. The IPO of AIK Pikes and Polymers was listed today on the market and the allotment was finalised for two other IPOs.
Here is a roundup of events and activities happened and happening today in the IPO market.
Kay Cee Energy & Infra Limited IPO closing today
The initial public offering of Kota-based Kay Cee Energy & Infra Limited will close today for subscription. The issue was subscribed 373 times during its first 3 days and at the time of this writing (January 02, 1 PM), 595.34 times. The company is offering a total of 29.5 lakh equity shares aggregating to Rs 15.93 crore through a book-built fresh issue. The shares are priced at Rs 51 to Rs 54 of a face value of Rs 10 each.
After the IPO closes today for subscription, the basis of allotment will be finalised tomorrow on January 03, 2024, followed by listing on the NSE SME on January 05, 2024.
AIK Pipes and Polymers IPO listed today
The initial public offering of the AIK Pipes and Polymers Limited debuted today on January 02, 2024 on the small and medium enterprises (SME) segment of Bombay Stock Exchange (BSE). The company’s shares debuted at Rs 100 on the BSE SME platform, at a 12% premium over the IPO price of Rs 89. By mid-day (1 pm) today, the shares were faring at Rs 105.
The Rs 15.02 crore IPO was open between December 26-28, 2023 and was subscribed 43.57 times.
Allotment out for IPOs of Manoj Ceramic Limited & Akanksha Power and Infrastructure Limited
The allotment date for these two SME IPOs was January 01 but the basis of allotment was uploaded earlier today.
Manoj Ceramic Limited: The investors can check the allotment status of shares on the website of its registrar Purva Sharegistry (India) Pvt Ltd. The IPO will be listed on BSE SME on January 03, 2034.
Akanksha Power and Infrastructure Limited: The basis of allotment is uploaded at the IPO registrar Link Intime India website. This issue will list on the NSE SME tomorrow.
