For investors eagerly waiting for a big ticket mainboard IPO, the dry spell continues. It’s been over a month since we last saw a mainboard company hit the bourses, and this week too, the segment remains inactive. But while the mainboard market stays quiet, the SME space is brimming with action.
Between March 24 and March 28, four new SME initial public offerings (IPOs) will open for subscription. Not just that, five companies are also scheduled to make their market debut on the SME exchanges, making it a packed week for SME looking to raise capital.
Here is a look at the four public issue that are set to open this week: Desco Infratec IPO
One of the first IPOs to hit the market this week is Desco Infratech, which will open for subscription on Monday, March 24. With a total issue size of Rs 30.75 crore, the IPO will remain open till Wednesday, March 26, before heading for allotment.
The price band has been set at Rs 147 to Rs 150 per share, with investors required to bid for a minimum of 1,000 shares. Those looking to get a piece of this construction and infrastructure company will need to invest at least Rs 1.5 lakh. If all goes as per schedule, Desco Infratech is likely to make its debut on the BSE SME platform on April 1.
ALSO READ2 REIT stocks to generate passive income as a real estate alternative Shri Ahimsa Naturals IPO
Another SME issue, Shri Ahimsa Naturals will open for bidding on Tuesday, March 25, and stay open till Thursday, March 27. This IPO, valued at Rs 73.81 crore, consists of both a fresh issue and an offer for sale.
The price range of this SME issue has been set between Rs 113 to Rs 119 per share. Investors must bid in multiples of 1,200 shares, meaning a minimum investment of Rs 1,42,800 is required. If the IPO gets a good response, the stock is expected to list on the NSE SME exchange on April 2.
ATC Energies System IPO
Another company entering the IPO space this week is ATC Energies System, which will also open for bidding on March 25. The Rs 63.76 crore offering comprises both a fresh issue and an offer for sale,
» Read More
