IPO opening today: Kay Cee Energy & Infra Limited
Only one SME IPO is opening today for subscription – Kay Cee Energy & Infra Limited (KCEIL), a engineering, procurement and construction services provider for power transmission and distribution systems. The Rs 15.93 crore initial public offering comprises entirely of a fresh issue of 29.5 lakh shares and there is no OFS component. The price band is set at ₹51 to ₹54 per share at a face value of ₹10.
The IPO opened today and will close on January 02, 2024. The company aims for a January 03, 2024 listing on the SME segment of NSE.
1 IPO closing today: AIK Pipes and Polymers
The SME IPO of AIK Pipes and Polymers opened on December 26 and is closing today for subscription. The IPO was subscribed a total of 4.72 times by the end of day 2 with retail portion subscribed 6.39 times and NII portion 1.05 times. The Rs 15.02 crore public issue comprises of fresh issue of 16.88 lakh shares at a fixed price of Rs 89 per share.
The company will be listed on BSE SME on January 02, 2024. The company is a manufacturer of pipes and HDPE fittings for water distribution, gas transmission, sewerage systems and telecom sector.
1 IPO listed today: Azad Engineering
The highly subscribed mainline issue of Azad Engineering Limited made its market debut today. The shares opened at Rs 720 apiece on NSE, a 37.40% premium over the IPO price of Rs 524 per share. The issue was subscribed 83.04 times during its run.
1 IPO Allotment Today: Sameera Agro and Infra
The basis of allotment for SME IPO of Sameera Agro and Infra Limited will be finalised today by the registrar Kfin Technologies Limited. The 62.64 crore issue was subscribed 2.92 times when it was open between December 21 to December 27, 2023. The issue will list on the NSE SME on January 01, 2023.
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