The first market is gearing up for a busy week as 4 small and medium enterprises (SMEs) open their IPOs for subscription between January 22 and January 24, 2025. The businesses embrace Rexpro Enterprises Restricted, GB Logistics Commerce Restricted, CLN Power Restricted, and H.M. Electro Mech Restricted.
Listed below are particulars of every SME IPO’s providing this week:
Rexpro Enterprises Restricted (Jan-22-24)
Rexpro Enterprises Restricted is about to launch its IPO as a fixed-price concern value Rs 53.65 crore. The providing includes a recent concern of 32.50 lakh fairness shares aggregating Rs 47.13 crore and a proposal on the market (OFS) of 4.50 lakh shares amounting to Rs 6.53 crore. The IPO will open for subscription on January 22, 2025, and shut on January 24, 2025. The problem value has been fastened at Rs 145 per share, with a minimal utility dimension of 1,000 shares, translating to an funding of Rs 1,45,000 for retail traders.
Excessive-net-worth people (HNIs) want to use for no less than two tons, amounting to Rs 2,90,000. The allotment is scheduled to be finalised on January 27, 2025, with refunds initiated and shares credited to demat accounts by January 28, 2025. The inventory is anticipated to record on NSE SME on January 29, 2025.
CLN Power Restricted (Jan 23-27)
CLN Power Restricted is gearing as much as launch its Rs 72.30 crore IPO by means of a book-built concern. The providing includes a recent concern of 28.92 lakh fairness shares. The IPO will open for subscription on January 23, 2025, and shut on January 27, 2025. The value band has been set at Rs 235 to Rs 250 per share. Buyers can bid for a minimal lot dimension of 600 shares, requiring a minimal funding of Rs 1,50,000 for retail individuals. HNIs should apply for no less than two tons, amounting to Rs 3,00,000.
The premise of allotment might be finalised on January 28, 2025, with refunds initiated and shares credited to demat accounts on January 29, 2025. The inventory is anticipated to record on the BSE SME platform on January 30, 2025.
GB Logistics (Jan 24-28)
GB Logistics is about to launch its Rs 25.07 crore IPO through a book-built concern, which includes a recent issuance of 24.58 lakh fairness shares. The IPO opens for subscription on January 24, 2025, and can shut on January 28, 2025. The value band has been set at Rs 95 to Rs 102 per share. Retail traders can take part with a minimal lot dimension of 1,200 shares, requiring an funding of Rs 1,22,400, whereas HNIs should apply for no less than two tons, amounting to Rs 2,44,800.
SKI Capital Providers Restricted is performing because the book-running lead supervisor, with Maashitla Securities Non-public Restricted serving because the registrar and Svcm Securities Non-public Restricted because the market maker for the difficulty. The premise of allotment is anticipated to be finalised on January 29, 2025, adopted by refunds initiation and demat account credit score on January 30, 2025. The inventory is prone to debut on the BSE SME platform on January 31, 2025.
H.M. Electro Mech Restricted (Jan 24-28)
H.M. Electro Mech Restricted is rolling out a Rs 27.74 crore IPO through a book-built concern, comprising a recent concern of 36.99 lakh fairness shares. The IPO will open for subscription on January 24, 2025, and shut on January 28, 2025. The value band is about between Rs 71 to Rs 75 per share. Buyers can apply with a minimal lot dimension of 1,600 shares, translating to an funding of Rs 1,20,000 for retail bidders, whereas HNIs must put money into no less than two tons, amounting to Rs 2,40,000.
Beeline Capital Advisors Pvt Ltd is managing the difficulty because the book-running lead supervisor, with Cameo Company Providers Restricted performing because the registrar and Unfold X Securities Non-public Restricted because the market maker. The allotment is prone to be finalized on January 29, 2025, with refunds and demat account credit scheduled for January 30, 2025. The IPO is about to record on the BSE SME platform on January 31, 2025.
