Two SME IPOs listed today on the bourses namely Net Avenue Technologies Limited and Marinetrans India Limited. The Net Avenue Technologies and Marinetrans India IPOs had opened for subscription between 30th November-4th December and 30th November-5th December respectively. While the Net Avenue Technologies had a excellent debut with 133.33% premium, Marinetrans India landed at only 15.38% premium.
Net Avenue Technologies listing details:
The global online retailer of ethnic Indian clothing and accessories company listed today on 8th December 2023 on the NSE SME with a bumper premium of 133.33%. The issue’s price band was set at Rs 18 per share at the upper range and it debuted on the NSE SME at Rs 42 per share.
- Issue price: Rs 18 per share
- Lot size: 8000 shares
- Investment per lot: Rs 1,44,000
- Listing Price: 42/-
- Profit in percentage: 133.33%
- Per application profit: Rs 1,92,000.
Marinetrans India Listing details:
The sea freight forwarding company also debuted on the NSE SME today on 8th December 2023. It’s not a bumper listing by any means but a profitable one still. The company’s shares landed at a 15.38% premium.
- Issue Price: Rs 26 per share.
- Lot size: 4000 Shares
- Investment per lot: Rs 1,04,000
- Listing price: Rs 30 per share
- Profit in percentage: 15.38%
- Per Application Profit: Rs 16,000.
The continuous positive listings of SME IPOs is parallel with a ongoing bull run of the mainline IPOs.
