Three-SME initial public offers (IPOs), Infollion Research Services Ltd, CFF Fluid Control Ltd, and Comrade Appliances Ltd will open for subscription this week.
Three-SME initial public offers (IPOs), Infollion Research Services Ltd, CFF Fluid Control Ltd, and Comrade Appliances Ltd will open for subscription this week.
A SME IPO is a fundraising procedure that allows a small or medium-sized business to go public like other, larger firms and also gives smaller businesses a platform to be listed on indices.The SME gets listed at BSE SME or NSE Emerge Platforms.
A SME IPO is a fundraising procedure that allows a small or medium-sized business to go public like other, larger firms and also gives smaller businesses a platform to be listed on indices.The SME gets listed at BSE SME or NSE Emerge Platforms.
The requirements for a SME IPO are that (i) the post-issue paid-up capital must be less than ₹25 crores and (ii) the post-issue capital must be at least ₹1 crore.
The requirements for a SME IPO are that (i) the post-issue paid-up capital must be less than ₹25 crores and (ii) the post-issue capital must be at least ₹1 crore.
The procedure of filing an application for a SME IPO comprises submitting forms to brokers or banks, ASBA or UPI-based IPO Applications, or both.
The procedure of filing an application for a SME IPO comprises submitting forms to brokers or banks, ASBA or UPI-based IPO Applications, or both.
IPOs this week:
Infollion Research Services Ltd
Infollion Research Services Ltd’s SME initial public offer (IPO) will open for subscription on Monday, May 29, and will close on Wednesday, May 31. The company has fixed the price band at ₹80 to ₹82 per equity share for the proposed SME IPO.
IPOs this week:
Infollion Research Services Ltd
Infollion Research Services Ltd’s SME initial public offer (IPO) will open for subscription on Monday, May 29, and will close on Wednesday, May 31. The company has fixed the price band at ₹80 to ₹82 per equity share for the proposed SME IPO.
A total of 22,24,000 new equity shares will be issued as part of the IPO, together with 3,92,000 equity shares that will be offered for sale. The shares are planned for listing on NSE SME.
A total of 22,24,000 new equity shares will be issued as part of the IPO, together with 3,92,000 equity shares that will be offered for sale. The shares are planned for listing on NSE SME.
The SME IPO is coming with a fixed share allocation of 12,08,000 shares for Qualified Institutional Buyers (QIB), 4,04,800 Equity Shares for Non-Institutional Investors (NII), 8,70,400 Equity Shares for Retail Individual Investors (RII) and 1,32,800 Equity Shares for market maker.
The SME IPO is coming with a fixed share allocation of 12,08,000 shares for Qualified Institutional Buyers (QIB), 4,04,800 Equity Shares for Non-Institutional Investors (NII), 8,70,400 Equity Shares for Retail Individual Investors (RII) and 1,32,800 Equity Shares for market maker.
“The company operates in a tech-oriented segment on a B2B model and has created a niche place. It has posted growth in its top and bottom lines for the reported periods. Based on its FY23 earnings, the issue appears reasonably priced. Post listing, it may attract first mover fancy. Investors may park funds for medium to long-term rewards,” said Dilip Davda, the contributing editor at Chittorgarh.com.
“The company operates in a tech-oriented segment on a B2B model and has created a niche place. It has posted growth in its top and bottom lines for the reported periods. Based on its FY23 earnings, the issue appears reasonably priced. Post listing, it may attract first mover fancy. Investors may park funds for medium to long-term rewards,” said Dilip Davda, the contributing editor at Chittorgarh.com.
CFF Fluid Control Ltd
CFF Fluid Control Ltd’s SME initial public offer (IPO) will open for subscription on Tuesday, 30 May, and will close on Friday, 2 June. The company has fixed the price band at ₹165 per equity share for the proposed SME IPO.
CFF Fluid Control…
Read More: Three SME IPOs to open for public subscription in the week ahead; check details