The stock market is about to see a fresh wave of opportunities with new SME IPOs opening for subscription in this week. While the mainboard IPO space takes a pause, this week 5 SME IPOs are stepping into the spotlight.
Here’s a breakdown of these upcoming IPOs, price bands, and key details: 1. Chamunda Electricals IPO
Chamunda Electricals IPO will open for subscription from February 4 and will close its bidding window on February 6, with a price band set between Rs 47 to Rs 50 per share.
The company is aiming to raise Rs 14.6 crore through a fresh issue of 29.19 lakh shares. As per the company’s DRHP filing, the funds raised from this issue will be used for capital expenditure, purchasing testing kits, and reducing the company’s debt.
2. Ken Enterprises IPO
A SME issue, the will open for bidding from February 5 to February 7. The price band for the IPO has been fixed at Rs 94 per share, with the company looking to raise Rs 83.65 crore through a mix of a fresh issue of Rs 58.27 crore and an offer for sale of Rs 25.38 crore.
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Amwill Healthcare IPO will open for subscription from February 5 to February 7. The price band of this SME issue is set between the range of Rs 105 to Rs 111 per share.
Unistone Capital is handling the role of the book-running lead manager for the Amwill Healthcare IPO, while Bigshare Service is overseeing the registration process. The market maker for this IPO is Globalworth Securities.
4. Readymix Construction IPO
Readymix Construction’s IPO will be available for subscription from February 6 to February 10. The price range for the shares is set between Rs 121 to Rs 123 each.
The company aims to raise Rs 37.66 crore through this fresh issue of shares.
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Eleganz Interiors IPO will open its bidding windoew from February 7 to February 11. Shares will be offered in the price range of Rs 123 to Rs 130 each.
The IPO’s lead manager is Vivro Financial Services, with Bigshare Services serving as the registrar.
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