SME IPOS
FOMO, retail rush and Sebi warnings! What's actually happening in SME IPO market
SME IPOs have been notably popular, with nearly all retail categories fully subscribed and many achieving up to 500 times or more subscription. Listings too have soared, triggering huge debate and coercive action from the regulator.
Sebi issues warning against SME stocks as IPOs leave investors dumbfounded
Sebi highlighted that certain corporate actions can artificially boost investor sentiment, leading to increased stock purchases. This, in turn, allows promoters to sell their shares at inflated prices. The regulator cautioned investors against relying on unverified social media posts and rumours when investing in SME stocks. Instead, investors should exercise caution and be mindful of such market manipulation patterns.
D2C meat delivery startup Zappfresh files draft papers with Sebi to list on BSE SME
Zappfresh, an online meat seller, has filed with SEBI for an IPO to list on the BSE SME platform. The IPO will include a fresh issue of 59.06 lakh equity shares. The raised funds will drive growth initiatives such as acquisitions, marketing, and capital expenditures, among others. Zappfresh aims for significant revenue growth in the next three years.
SME IPOs spark a gold rush as investors eye big bounties
The Indian primary market has seen a surge in interest for SME IPOs, with massive oversubscriptions. Data from Prime Database reveals that 152 SME IPOs this year averaged 200 times oversubscribed. While SEBI urges caution, the lure of robust listing gains and stock performance continues to draw investors.
Frenzy Ride! This Rs 12-crore SME IPO receives investor bids worth Rs 4,700 cr
Resourceful Automobile's IPO saw overwhelming demand, receiving bids worth ₹4,700 crore for a ₹12-crore issue. The New Delhi-based company, which runs Yamaha showrooms, aims to expand operations, repay debt, and meet working capital needs with the raised funds. The SME issue will list on the BSE SME platform on August 29.
An SME with 2 Yamaha showrooms gets 400x IPO demand, leaves internet baffled
The SME IPO of Resourceful Automobile saw a strong response, with a subscription of nearly 400 times. Despite only running two Yamaha dealerships, the IPO aimed to raise Rs 12 crore and received Rs 2700 crore in bids. Shares were offered at Rs 117 each. Swastika Investmart was the lead manager, and Cameo Corporate Services handled registration.
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Aeron Composite fixes price band at Rs 121-125/share for Rs 56-cr IPO; issue opens on Aug 28
Aeron Composite Ltd has set the price for its SME IPO between Rs 121-125 per share, with subscriptions open from August 28 to 30. The IPO, targeting up to Rs 56.10 crore, will fund a new manufacturing unit in Gujarat and other corporate needs. It is listed on NSE Emerge. Hem Securities Ltd manages the issue.
QVC Exports IPO: Check issue size, price band, GMP among other details
QVC Exports IPO: QVC Exports launched its SME IPO from August 21 to August 23, aiming to raise Rs 24 crore through a fresh issue of 27.98 lakh shares at Rs 86 each. The proceeds are intended for loan repayment, working capital, and corporate purposes. The shares have a 58% premium in the unlisted market, with final allotment on August 26.
NSE amps up scrutiny as SMEs must show positive free cash flow before IPO filing
The NSE has intensified scrutiny on companies seeking to list on its SME platform by requiring them to demonstrate positive Free Cash Flow to Equity for two of the last three years. The move aims to ensure financial robustness and transparency, addressing concerns about market manipulation and overvaluation in SME IPOs.
Resourceful Automobile IPO: Check issue size, price band, GMP among other details
Resourceful Automobile's SME IPO is now open until August 26, aiming to raise Rs 12 crore by issuing 10.24 lakh shares at Rs 117 each. The company specializes in automobile sales and plans to use the funds for expansion and debt repayment. Shares are trading at a 60% premium in the unlisted market.
Rapid Multimodal Logistics IPO: Check issue size, price band, GMP among other details
Rapid Multimodal Logistics has launched its SME IPO to raise Rs 8.5 crore, with the issue open until August 27. The Chennai-based logistics firm is offering shares at Rs 84 each. Proceeds will be used for working capital and general corporate purposes. Listing is expected on the BSE SME platform by August 30.
Interarch Building Products IPO share allotment: Check status, GMP, listing date & other details
Interarch Building Products IPO share allotment was to be finalized, with investors checking allotment via BSE or registrar's site. It saw a 93.5 times subscription, indicating strong demand. The shares are set for August 26 listing, trading at a 40% premium in the unlisted market.
Forcas Studio IPO allotment to be finalised today. Here's how you can check status
The Forcas Studio IPO allotment will be confirmed today after strong investor interest, with shares subscribed over 400 times. Investors can verify their allotment through the registrar or the NSE website. The shares have a significant premium in the unlisted market, hinting at possible gains of 90% upon listing on August 26.
Ideal Technoplast Industries IPO: Check issue size, price band, GMP among other details
Ideal Technoplast Industries IPO: Ideal Technoplast Industries opened its SME IPO, aiming to raise Rs 16 crore through the issue of 13.25 lakh shares at Rs 121 each. The IPO, managed by Swastika Investmart, opened on August 21 and closed on August 23. Funds will go toward capital expenditure and general purposes. The listing is expected on August 28.
Forcas Studio IPO: Check issue size, price band, GMP among other details
Forcas Studio opened its SME IPO to raise Rs 37 crore from August 19 to 21, 2024. Priced at Rs 77-80 per share, the offer includes 46.8 lakh fresh equity shares. Proceeds will be used for warehouse upgradation, debt repayment, working capital, and other corporate purposes. Share listing on NSE SME platform is anticipated.
Sunlite Recycling Industries IPO opens today: Check issue size, price band, GMP and other details
The SME IPO of Sunlite Recycling Industries opened for subscription on August 12 and closed on August 14. The company aimed to raise Rs 30.24 crore by offering shares priced between Rs 100 and Rs 105. Proceeds will fund capital expenditure, debt repayment, and general purposes. Shares are set to be listed on the NSE SME platform on August 19.
Picture Post Studios IPO opens today: Check issue size, price band, GMP and other details
Picture Post Studios has launched its SME IPO, which runs until August 6, aiming to raise approximately Rs 18.72 crore. Shares are priced between Rs 22-24 each. Proceeds will fund debt repayment, capital expenditure, and corporate purposes. The IPO consists of 78 lakh shares, and the listing is expected on August 9.
Alternative investment funds to tap growth potential of SME-focused IPOs
The high returns from Initial Public Offerings (IPOs) of Small and Medium Enterprises (SMEs) in recent years, coupled with government support for the sector, have encouraged Alternative Investment Funds (AIFs) to explore this growth potential. AIF is a fund established or incorporated in India which is a privately pooled investment vehicle.
Utssav Cz Gold Jewels IPO opens today: Check issue size, price band, GMP and other details
Utssav Cz Gold Jewels' SME IPO is now open for subscription until August 2. The company plans to raise Rs 69.5 crore by offering shares at Rs 104-110 each. The funds will primarily be used for working capital and general corporate purposes. The final allotment is expected on August 5, with listing likely on August 7.
5 SME IPOs open for subscription today. All you need to know before subscribing
Five SME IPOs launched for subscription included Bulkcorp International, Sathlokhar Synergys, Kizi Apparels, Ashapura Logistics, and Rajputana Holdings. These companies aimed to raise substantial capital and their unlisted market premiums varied. The IPOs were designed to distribute shares among qualified institutional buyers, retail investors, and non-institutional investors.
IPO Calendar: 8 IPOs, 11 listings investors need to watch out for next week
Analysts said India's capital markets are playing a vital role in the country's growth, thanks to advancements in technology, innovation, and digitization.
Esprit Stones IPO: Check issue size, price band, GMP and other details
Esprit Stones' SME IPO, aimed at raising Rs 50.42 crore through 57.95 lakh shares, opened on July 26 and closed on July 30, with a price band of Rs 82-87 per share. Shares will list on NSE SME platform, anticipated to debut August 2. The company specializes in manufacturing engineered quartz and marble surfaces.
Clinitech Laboratory IPO: Check issue size, price band, GMP and other details
Clinitech Laboratory's SME IPO aimed to raise Rs 5.78 crore through a fresh equity issue, opened on July 25 and closed on July 29. The company offered shares at Rs 96 apiece, with plans to expand its diagnostic business. It reported total revenues of Rs 6.43 crore and a net profit of Rs 3.
Trom Industries IPO opens today: Check issue size, price band, GMP and other details
Trom Industries' SME IPO opened for subscription on July 25 and will close on July 29. The solar EPC company aims to raise Rs 31.31 crore by offering 27.27 lakh shares at Rs 100-115 each. Shares will list on August 1, with a significant premium observed in the unlisted market. Funds will support capital and working capital needs.
Track these 2 SME IPOs commanding over 100% GMP in unlisted market
Two SME IPOs, VL Infraprojects and SA Tech Software India, commanded over 100% premium in the grey market. VL Infraprojects' shares were trading with a premium of Rs 55, while SA Tech Software India had its IPO opening on July 26. Both companies aimed to use net proceeds for funding general corporate purposes and working capital requirements.
Chetana Education IPO opens today: Check issue size, price band, GMP and other details
Chetana Education's IPO, opening today, plans to raise Rs 46 crore through a fresh equity issue. With shares priced at Rs 80-85, investors can bid for 1600 shares in 1 lot. The company specializes in educational book publishing and aims to list on the NSE SME platform.
Manglam Infra & Engineering IPO opens today: Check issue size, price band, GMP, other details
Manglam Infra IPO opens to raise Rs 28 crore by offering 49.32 lakh shares at Rs 53-56. GMP Rs 46. Closes July 26. Company reported Rs 40.24 crore revenue, Rs 6.76 crore profit. Unistone Capital leads. QIB 50%, retail 35%, non-institutional 15%. Allotment on July 29, listing on July 31.
VL Infraprojects IPO: Check issue size, price band, GMP and other details
VL Infraprojects IPO offers fresh equity issue to raise Rs 18.52 crore. Company engaged in water supply and sewerage projects. IPO open for subscription until July 25. Key dates and details available for interested investors.
Tunwal E-Motors shares list at 8.5% premium over issue price
Tunwal E-Motors' IPO listed on NSE SME at 8.5% premium (Rs 64; issue price Rs 59). Booked 12 times, it had Rs 82 crore equity and 57.5 lakh OFS, trading with Rs 5 GMP. Funds aid working capital, R&D.
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