The first mainline initial public offering of year 2024 has been announced. The said IPO is of Jyoti CNC Automation Limited that will open on January 09, 2024. Four SME IPOs were listed today on the market and all made positive debut. Kaushalya Logistics Limited, the last of 2023’s SME IPO will close today. Read all the news and roundup in the IPO market for January 03, 2024.
Jyoti CNC automation IPO announced
The company filed its red-herring prospectus with SEBI on January 02, 2024. According to the RHP document, the Jyoti CNC Automation Limited IPO will open for public subscription on January 09, 2024 and will close on January 11, 2024. The IPO comprises entirely of a fresh issue worth Rs 1,000 crore. The price band is yet to be announced.
Kaushalya Logistics IPO closing today
The issue will close today on January 03, 2024 for subscription. By its third day (January 02), the SME IPO was subscribed 131 times. The Rs 36.60 crore issue of the clear and forwarding services provider Kaushalya Logistics comprises of a fresh issuance of 33.8 lakh shares and an OFS of 15 lakh shares.
Kay CEE allotment today
The allotment of shares for the highly subscribed Kay CEE Energy & Infra Limited will be done today by the registrar BigShare Services Pvt Ltd. The issue was subscribed a record 1,052 times and will list on the NSE SME on January 05, 2024.
4 IPOs listed today
Four small and medium enterprises issues – Balaji valve components, Manoj ceramics, HRH Next Services, and Akanksha Power and Infrastructure, debuted on the market today. All four listings were positive.
- Balaji Valve Components IPO: The shares of the company debuted on the BSE SME at Rs 190 apiece, a premium of 90% over the IPO Price of Rs 100.
- Akanksha Power and Infrastructure: The NSE SME IPO listed at Rs 62 against the offer price of Rs 55 at a premium of 12.73%.
- HRH Next Services Limited: The NSE SME IPO listed at Rs 41 against the offer price of Rs 36 at a premium of 13.89%.
- Manoj Ceramic Limited: The BSE SME IPO listed at Rs 82 against the offer price of Rs 62 at a premium of 32.26%.
Get a daily IPO roundup here from us.
