5 SME IPOs currently available for public subscription. Key things to know
1) Arabian Petroleum
The initial public offer of Arabian Petroleum is completely a fresh issue of Rs 20.24 crore. The IPO is priced at Rs 70 apiece.
About 50% of the offer is reserved for retail investors and the rest 50% is set aside for other investors.
The company is in the business of manufacturing a wide range of lubricants including specialty oils, coolants, etc., used for application in automobiles and industrial machines and appliances.
Net proceeds from the issue will be used for working capital requirements, general corporate purposes, and issue expenses.
Hem Securities is the lead manager for the IPO, while Purva Sharegistry India is the registrar.
2) Newjaisa Technologies
Newjaisa Technologies' Rs 40 crore SME IPO is an entirely fresh issue of 84.96 lakh shares.
The company is offering its shares in the range of Rs 44-47.
The company is a direct-to-consumer refurbished IT electronics company providing quality refurbished electronics at significant discounts as compared to new products. Its business model encompasses an end-to-end reverse supply chain for IT assets.
Net proceeds from the IPO will be used for the expansion of refurbishment facilities and purchase of plant, machinery, and equipment, branding and marketing, funding working capital requirements, and other general corporate purposes.
The equity shares are proposed to be listed on the NSE SME platform.
3) Inspire Films
The IPO of Inspire Films is a fresh equity issue of 35.98 lakh shares.
