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Currently, one IPO is active on the mainboard and 5 companies are active on SME space
More and more companies are hitting the IPO market. It’s the SME space where more and more companies are raising capital from the share market. Currently, one IPO is active on the mainboard and five companies are active on SME space.
Let’s start with the mainboard
EMS Limited
The company provides water treatment, disposal and wastewater collection service. Today is the last day of IPO. The price band is Rs 200-Rs 211 per share and the company is looking to raise RS 321.2 crore from the IPO. Out that Rs 146.2 crore is a fresh issue and rest is offer for sale (Rs 175 crore). Since it is the last day, good subscription number is visible and by the time of writing this story, it was subscribed 21.75 times. Its GMP is Rs 120 per share which implies listing at a premium of 56.87%.
Moving on to the SME segment…
Chavda Infra
The IPO has opened today and will remain open for subscription up to 14th September. The IPO has a price band of Rs 60 – Rs 65 per share. Company is looking to raise Rs 43.26 crore from the IPO and all of it will be a fresh issue. By the time of writing this story, the IPO got subscribed 1.35 times. The company is in the construction business. It is having GMP of Rs 50 per share which implies listing at a premium of 76.92%.
Kundan Edifice
The IPO has opened today and will remain open for subscription up to 15th September. The IPO has a price of rs 91 per share. Company is looking to raise Rs 25.22 crore from the IPO and all of it will be a fresh issue. By the time of writing this story, the IPO got subscribed 34%. The company produces LED strip lights. It is having GMP of Rs 32 per share which implies listing at a premium of 35.16%.
Unihealth Consultancy
The IPO opened on 8th September and today is the last day. The IPO has a price band of Rs 126 to Rs 132 per share. Company is looking to raise Rs 56.55 crore from the IPO and all of it will be a fresh issue. By the time of writing this story, the IPO got subscribed 6.25 times. The company is healthcare provider in Mumbai, India as well as Africa. It is having GMP of Rs 30 per share which implies listing at a premium of 22.73%.
Jiwanram Sheoduttrai Industries
The IPO opened on 8th September and today is the last day. The IPO has a price Rs 23 per share. Company is looking to raise Rs 17.07 crore from the IPO and all of it will be a fresh issue. By the time of writing this story, the IPO got subscribed 52.52 times. The company is in business of Industrial Safety Gloves and Garments. It is having GMP of Rs 30 per share which implies listing at a premium of 22.73%.
Meson Valves India
The IPO opened on 8th September and today is the last day. The IPO has a price Rs 102 per share. Company is looking to raise Rs 31.09 crore from the IPO and all of it will be a fresh issue. By the time of writing this story, the IPO got subscribed 77.61 times. The company is in the business of valves, pumps, tanks etc. It is having GMP of Rs 100 per share which implies listing at a premium of 98.04%.
Published: September 12, 2023, 15:11 IST