The primary market continues to be abuzz with activity. This week, two companies from the SME segment – Nukleus Office Solutions and Shreenath Paper Products will launch their public offerings.
Adding to the action, shares of five companies are set to be listed on the stock exchanges this week.
Among them, Quality Power Electrical IPO from the mainboard segment will also make its debut, which was expected to be listed last week.
Let’s take a look at the two new SME IPOs opening for subscription, issue’s continuing their bids from last week, listing and other key details-
Nukleus Office Solutions IPO
Nukleus Office Solutions IPO will open for subscription on Monday, February 24, with a fixed issue price of Rs 234 per share.
This public issue consists entirely of a fresh equity sale of 13.54 lakh shares, with no Offer for Sale component. Through this offering, the company aims to raise Rs 31.7 crore.
After the three days bidding process, the allotment is likely to be on February 28, and the listing is scheduled on March 4 on the NSE SME platform.
Sundae Capital Advisors is the lead manager of the issue. On the other hand Bigshare Services will act as the registrar of the IPO.
Based in Uttar Pradesh, the company specialises in co-working and managed office spaces across Delhi NCR. It provides businesses with fully furnished workspaces, including dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices. Furthermore, it caters to a diverse range of clients such as startups, SMEs, corporates, and entrepreneurs offering office setups.
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Shreenath Paper Products IPO will open for bidding on Tuesday, February 25, and close on Friday, February 28.
With a price of Rs 44 per share, this SME issue consists entirely of a fresh equity issue of 53.1 lakh shares, with an aim to raise Rs 23 crore.
The lead manager of the issue Galactico Corporate Services and the registrar is Bigshare Services.
The allotment of shares is likely to be finalised on March 3. After these processes, the company is set to make its debut on BSE SME platform on March 5.
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