With the mainboard IPO market taking a breather this week, all eyes are on the SME segment where Sacheerome Ltd., Jainik Power and Cables Ltd., and Monolithisch India Ltd. are opening their public issues, while Ganga Bath Fittings Ltd. awaits listing.
Offers To Watch
SME IPOs This Week
Sacheerome IPO
Sacheerome Ltd., a leading manufacturer of flavour and fragrance compounds catering to multiple industries, is launching a Rs 61.62 crore IPO.
Key details:
-
Fully fresh issue of 60.4 lakh shares.
-
Opens on: Monday, June 9.
-
Closes on: Wednesday, June 11.
-
Listing at: NSE SME platform on Monday, June 16.
-
Price band: Rs 96 to Rs 102 per share.
-
Lot size: 1,200 shares.
The IPO is being managed by GYR Capital Advisors, with Link Intime India as the registrar and Giriraj Stock Broking as the market maker.
Sacheerome SME IPO’s last grey market premium was Rs 30, last updated on Sunday at 09:34 a.m on Chittorgarh. With a price band cap of Rs 102, the estimated listing price is Rs 132, implying a potential gain of 29.41% per share.
Jainik Power and Cables IPO
Jainik Power and Cables Ltd., which manufactures aluminium wire-rods and power cables for the power sector in North India, is set to open its Rs 51.30 crore IPO on Tuesday.
Key details:
-
Fully fresh issue of 46.63 lakh shares.
-
Opens on: Tuesday, June 10.
-
Closes on: Thursday, June 12.
-
Listing likely on: Tuesday, June 17.
-
Price band: Rs 100 to Rs 110 per share.
-
Lot size: 1,200 shares.
The IPO will be managed by Fast Track Finsec, with Skyline Financial Services as the registrar and Rikhav Securities as the market maker.
Jainik Power and Cables SME IPO’s last GMP was Rs 0, last updated on Sunday at 09:29 a.m as per Chittorgarh. With a cap price of Rs 110, the estimated listing price is Rs 110, reflecting no expected gain or loss per share.
Monolithisch India IPO
Monolithisch India Ltd., an industrial solutions provider, is bringing the largest IPO of the week to the table.
Key details:
-
Fully fresh issue of 57.36 lakh shares.
-
Opens on: Thursday, June 12.
-
Closes on: Monday, June 16.
-
Tentative listing date: Thursday, June 19.
-
Price band: Rs 135 to Rs 143 per share.
-
Lot size: 1,000 shares.
Monolithisch India SME IPO’s last GMP stood at Rs 17, last updated on Sunday at 09:36 a.m on Chittorgarh. With a price band cap of Rs 143, the estimated listing price is Rs 160, hinting at a possible gain of 11.89% per share.
IPO Listings
Ganga Bath Fittings IPO
Among the recently closed SME IPOs, Ganga Bath Fittings Ltd. saw moderate investor interest. The Rs 32.65 crore issue was subscribed 1.64 times overall, with retail investors leading at 2.55 times and qualified institutional buyers at 2.22 times. High-net-worth individual participation remained subdued at 0.73 times.
Key details:
-
IPO opened on: Wednesday, June 4.
-
Closed on: Friday, June 6.
-
Price band: Rs 46 to Rs 49 per share.
-
Allotment likely by: Monday, June 9.
-
Tentative listing: Wednesday, June 11 on NSE Emerge.
The IPO was managed by Jawa Capital Services, with KFin Technologies as the registrar.
Ganga Bath Fittings SME IPO’s last GMP was Rs 0, last updated on Sunday at 09:34 a.m. With the cap price of Rs 49, the estimated listing price is also Rs 49, reflecting no expected gain or loss per share.
. Read more on IPOs by NDTV Profit.