2023 is close to an end after a near-blockbuster year for IPO market and even though there aren’t any mainline issues lined up this week, SME segment continues to remain busy with 7 new issues opening up for public subscription this week between 26th to 29th December 2023. And that’s not counting the 14 IPOs poised for listing this week, including mainline as well as SME.
This will take the total number of SME IPOs in December 2023 to 21.
Here’s the list of SME IPOs opening this week for public subscription with important details.
AIK Pipes and Polymers Limited IPO
- The IPO of AIK Pipes and Polymers Limited comprises entirely of a fresh issue of 16.88 lakh shares aggregating up to Rs 15.02 crore.
- The price band is fixed at Rs 89 per share at a face value of Rs 10 per share.
- This BSE SME IPO opens for subscription on 26th December and closes on 28th December 2023. The basis of allotment will be finalised on 29th December and the listing on 2nd January 2024.
Shri Balaji Valve Components Limited IPO
- The issue comprises of 21.6 lakh fresh equity shares on offer aggregating up to Rs 21.60 crore through the book-building process.
- The price band is set at Rs 95 to Rs 100 at a face value of Rs 10 per share.
- The issue opens on 27th December and closes on 29th December 2023 with basis of allotment following on 1st January 2024.
- The issue will debut on BSE SME on 3rd January 2024.
- The company is a producer of valve components.
Manoj Ceramic Limited (MCPL) IPO
- The Rs 14.47 crore IPO of the ceramic tiles and tile adhesives trader comprises of a fresh issue of 23.34 lakh shares and no OFS.
- The price band is fixed at Rs 62 per share at a face value of Rs 10 per share.
- The issue opens for public subscription on 27th December and closes on 29th December 2023.
- The basis of allotment will be finalised on 1st January 2024, following which, the IPO will list on BSE SME on 3rd January 2024.
HRH Next Services Limited IPO
- The Rs 9.57 crore IPO comprises of a fresh issue of 26.58 lakh shares with price band set at Rs 36 per share of a face value of Rs 10 apiece.
- The issue will open on 27th December and will close on 29th December 2023. The basis of allotment will be finalised on 1st January 2024 and the listing on NSE SME will take place on 3rd January 2024.
- The company is a business process outsourcing provider.
Akanksha Power and Infrastructure Limited IPO
- The electrical equipment manufacturer company has offered its Rs 27.49 crore IPO comprising of a fresh issue of 49.98 lakh shares through the book-building process.
- The price band of the issue is set at Rs 52 to Rs 55 per share at a face value of Rs 10 per share.
- The applications for subscriptions will open on 27th December and will close on 29th December 2023.
- The basis of allotment will be finalised on 1st January 2024 and the IPO will list on the NSE SME on 3rd January 2024.
Kay Cee Energy & Infra Limited IPO
- The company provides services for the construction and commissioning of electricity transmission and distribution systems.
- The Rs 15.93 crore IPO of the company comprises of 29.5 lakh fresh equity shares on offer through the book building process.
- The price band is set at Rs 51 to Rs 54 per share at a face value of Rs 10 per share.
- The IPO will open for subscription on 28th December and will close on 2nd January 2024.
- The basis of allotment will be finalised by 3rd January with subsequent listing on NSE SME by 5th January 2024.
Kaushalya Logistics Limited IPO
- The company is an integrated logistics and clearing and forwarding service provider, established in 2007.
- The total IPO size is 36.60 crore, comprising of a fresh issue of 33.8 lakh shares aggregating up to Rs 25.35 crore and an OFS of 15 lakh shares aggregating up to Rs 11.25 crore.
- The price band is set at Rs 71 to Rs 75 apiece at a face value of Rs 10 per share.
- The issue will open on 29th December 2023 and will close on 3rd January 2024.
- The company aims to list by 8th January 2024 on the NSE SME.
