Upcoming IPOs this week: SME IPOs Integrity Infrabuild Developers, Accretion Pharma to open; mainboard stays silent amid market volatility

The stock market feels a little shaky due to the India-Pakistan tension. As geopolitical tension simmer and market volatility keeps large corporations cautious, the mainboard IPO segment has gone silent. This week again, there is no new mainboard IPO opening. But the SME market is not hitting pause. Two new SME IPOs are opening for subscription, and two fresh listings are lined up.

Here is a look at what is brewing on the IPO street this week–

IPOs to watch this week

Integrity Infrabuild Developers IPO

Kicking off on May 13, this fixed-price issue by Mumbai-based Integrity Infrabuild Developers is looking to raise Rs 12 crore. The company is offering 12 lakh equity shares at Rs 100 apiece, and the entire issue is a fresh offer. The issue will close on May 15, with allotment likely by May 16. The shares are scheduled to list on NSE SME on May 20. Aryaman Financial Services is managing the issue, and Aryaman Capital Markets is acting as the market maker.

ALSO READUpcoming IPOs in 2025: From LG Electronics India to ArisInfra Engineering, all the new issue to watch out for

Accretion Pharmaceuticals IPO

Another SME IPO entering the market this week is Accretion Pharmaceuticals. This book-built issue opens on May 14 and aims to raise Rs 29.75 crore through a fresh issue of 29.46 lakh shares. The price band is set at Rs 96 to Rs 101 per share. The IPO will close on May 16, with allotment expected on May 19 and a tentative listing on May 21. Jawa Capital Services is managing the issue, while Gretex Share Broking is the market maker.

Ongoing IPO

Virtual Galaxy Infotech IPO

While the new issues are creating a buzz, there is also an ongoing IPO from last week that is still open for investors. Virtual Galaxy Infotech, a tech-focused company, launched its book-built issue worth Rs 93.29 crore on May 9. The price band is between Rs 135 and Rs 142 per share. The IPO will close on May 14, with listing expected on May 19 on NSE SME. Smart Horizon Capital is the lead manager, and Alacrity Securities is the market maker.

ALSO READTata Motors Demerger: 5 things to know about the big split IPO listings to watch this week

Apart from new issues,

 » Read More

Related Articles

Bribery allegations in GST registration spark FM Sitharaman’s response, CBIC clarifies on the matter

A social media post has again brought the spotlight on how alleged corruption continues in the tax regime and haunts people who want to expand their businesses. The post, shared by Vinod Gupta, revealed his frustration over delays in getting his Goods and Services Tax (GST) registration. He alleged in the post that after failing

India’s $4.56 billion metal exports to be hit by Trump’s tariff hike: GTRI

US President Donald Trump’s decision to double tariffs on steel and aluminium imports is set to impact India’s metal exports worth $4.56 billion, according to a report by the Global Trade Research Initiative (GTRI). The revised tariffs, which will take effect on June 4, 2025, are expected to make Indian metal products significantly more expensive

5 mutual funds that delivered the highest returns in a decade

The Indian stock market is currently going through a phase of volatility, with the Nifty 50 and BSE Sensex hovering below their record highs. After a good 2023 and 2024, midcaps and smallcaps corrected sharply. This was due to profit-booking, liquidity issues, and high PE multiples, leading investors back to largecaps. Yet, structural growth for

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Bribery allegations in GST registration spark FM Sitharaman’s response, CBIC clarifies on the matter

A social media post has again brought the spotlight on how alleged corruption continues in the tax regime and haunts people who want to expand their businesses. The post, shared by Vinod Gupta, revealed his frustration over delays in getting his Goods and Services Tax (GST) registration. He alleged in the post that after failing

India’s $4.56 billion metal exports to be hit by Trump’s tariff hike: GTRI

US President Donald Trump’s decision to double tariffs on steel and aluminium imports is set to impact India’s metal exports worth $4.56 billion, according to a report by the Global Trade Research Initiative (GTRI). The revised tariffs, which will take effect on June 4, 2025, are expected to make Indian metal products significantly more expensive

5 mutual funds that delivered the highest returns in a decade

The Indian stock market is currently going through a phase of volatility, with the Nifty 50 and BSE Sensex hovering below their record highs. After a good 2023 and 2024, midcaps and smallcaps corrected sharply. This was due to profit-booking, liquidity issues, and high PE multiples, leading investors back to largecaps. Yet, structural growth for

ITR forms and Excel utilities out, but you still can’t file income tax return online – Know why

ITR Filing AY2025-26: With almost a two-month delay, the Income Tax Department has made available two Excel-based offline utilities for ITR-1 and ITR-4, which are applicable basically to individual taxpayers with less than Rs 50 lakh annual income. Ideally, taxpayers need an ITR form applicable to them based on their income status and a corresponding

Ramdev’s Patanjali gets govt notice for suspicious fund diversion

Patanjali Ayurved, the company founded by yoga guru Ramdev, has come under fresh scrutiny from the Ministry of Corporate Affairs (MCA), which has issued a notice seeking an explanation over a series of financial transactions flagged as suspicious by federal economic intelligence agencies. A report by Bloomberg reveals that the government is probing possible fund