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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Four new SME IPOs, five listings lined up next week. Check details
A total of four SME IPOs are scheduled to open for subscription, while five newly listed companies will begin trading on the exchanges. As investor interest in SME public issues continues to grow, here’s a closer look at the upcoming IPOs and listings to watch."
IPOs that will open for subscription next week:
Desco Infratech
Desco Infratech's IPO will open for subscription on March 24 and close on March 26. The company plans to raise Rs 30.75 crore through a fresh issue of 20.50 lakh shares in a book-built issue.
The price band is set at Rs 147 to Rs 150 per share. Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
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In the unlisted market, Desco Infratech’s shares are trading at a grey market premium (GMP) of Rs 7-8 per share, indicating a 5% premium ahead of the IPO opening.
ATC Energies System
ATC Energies System, a leading manufacturer of lithium-ion battery solutions, will launch its IPO on March 25. The company seeks to raise up to Rs 63.76 crore at the upper price band. The issue comprises 54.03 lakh equity shares, including a fresh issue of 43.23 lakh shares and an OFS of 10.80 lakh shares.
The price band for the issue is set at Rs 112-118 per share, with a minimum lot size of 1,200 shares. The IPO shares will be listed on NSE Emerge.
Shri Ahimsa Naturals
Jaipur-based crude caffeine processor Shri Ahimsa Naturals will launch its IPO on March 25, with the issue closing on March 27. The company aims to raise Rs
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