4 SME IPOs are opening today for subscription, 1 is closing and 5 IPOs have debuted at the stock exchanges. Here’s all that’s happened and is happening today in the IPO market.
4 SME IPOs open today for subscription
While there’s no mainline issue opening this week, 4 SME IPOs are opening for subscription today. These issues will remain open for subscription between 27th to 29th December 2023.
- Shri Balaji Valve components IPO: The Rs 21.60 crore IPO comprises entirely of a fresh issue of equity shares. The price band is Rs 95 to Rs 100. The BSE SME IPO of the valve components manufacturer will list on 3rd January 2024. Read more details here.
- Manoj Ceramic Limited IPO: The Rs 14.47 crore issue is a fixed price issue that will list on BSE SME on 3rd January 2024. Price band is set at Rs 62 per share. Read more details here.
- HRH Next Services Limited IPO: The Rs 9.57 crore IPO of the BPO service provider firm comprises of entirely fresh issue. The price band is fixed at Rs 36 per share and it will be listed on NSE SME on 3rd January 2024. Read more details here.
- Akanksha Power and Infrastructure Limited IPO: The IPO of this electrical equipment manufacturer comprises of a fresh issue of equity shares worth Rs 27.49 crore. The price band is set at Rs 52 to Rs 55 per share. It will list on NSE SME on 3rd January 2024. Read RHP for more details.
IPOs closing for subscription today
Sameera Agro and Infra Limited, a SME IPO will close today for subscription. The Rs 62.64 crore issue has been subscribed 2.25 times so far (as of 1 pm, 27th December 2023). The company is involved in the business of infrastructure development and construction. Its a fixed price issue with price band fixed at Rs 180 per share and will list on the NSE SME on 1st January 2024.
5 IPOs listed today
5 IPOs got listed on the stock exchanges today including 3 mainline issues (Credo Brands, RBZ Jewellers and Happy Forgings( and 2 SME issues (Electro Force India and Shanti Spintex). Nearly all of the listings today were lacklustre with premium between 0-17.65%. Happy Forgings secured the best listing among all today with a 17.65% premium whereas other two mainline issues debuted at near-discount. SMEs on the other hand were fairly on the positive side. Take a look below.
Mainline IPOs listed today
- Credo Brands Marketing Limited: The company listed on the bourses at Rs 282.35, a premium of 0.84% over the IPO price of Rs 280 per share.
- RBZ Jewellers Limited: The jewellery make company listed on the primary stock exchanges at Rs 100 against a IPO price of Rs 100 per share.
- Happy Forgings Limited: The IPO was priced at Rs 850. The company listed at Rs 1,000, a premium of 17.65% over the IPO price.
SME IPOs listed today
- Electro Force India: The issue debuted on NSE SME at a listing price of Rs 100 per share, a premium of 7.5% over the IPO price of Rs 93.
- Shanti Spintex Limited: The company’s shares debuted at Rs 76 apiece, a premium of 8.57% over the IPO price of Rs 70 per share.
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