SME LISTING
Nephro Care shares list at 90% premium on NSE SME platform
Nephro Care made a strong market debut on NSE SME platform with a 90% premium. The IPO garnered massive investor interest, oversubscribed by over 700 times. The company aims to establish a 100-bed multispeciality hospital in Kolkata using proceeds from the IPO. Nephro Care, led by Dr. Pratim Sengupta, focuses on comprehensive medical services for renal patients.
NSE caps listing gains in SME IPOs; ‘move to curb price swings’
NSE imposes a 90% cap on SME IPOs to stabilize prices; Winsol Engineering surged by 411%. Amit Goel noted reduced volatility. Sebi chair Madhabi Puri Buch raised SME manipulation concerns. Sebi took action against Varanium Cloud, SecureKloud Technologies, Add-Shop E-Retail, suspecting schemes like bonus issues, stock splits, and preferential allotments.
NSE imposes price control cap of 90% on SME IPOs amid froth concerns
"To standardize the opening price discovery/ equilibrium price across exchanges during special pre-open session for initial public offer (IPO) for the SME platform, it has been decided to put an overall capping up to 90% over the Issue price for SME IPOs," NSE said in a circular.
These 5 SME IPOs listed in H124 are trading at least 300% above issue price. Do you own any?
The year 2024 has been robust for the SME IPO market so far as companies flocked the exchanges to raise funds unabated. The investors' response was also overwhelming for most of the public offer with listing gains going through the roof. Here are five such IPOs that were listed in the first half of the year and are currently trading 300% above the issue price.
Petro Carbon and Chemicals stock lists with 75% premium over IPO price
Petro Carbon and Chemicals, under the Atha Group, dominates the B2B market by supplying calcined petroleum coke to a wide range of industries, ensuring high-quality carbon anodes for aluminum smelting. Its strategic growth through vertical integration and tech innovation secures its position in the market.
Akiko Global Services stock debuts with 27% premium on NSE SME platform
Akiko Global Services debuted on the NSE SME platform with a 27.27% premium. The IPO was oversubscribed 30 times. The company focuses on credit cards and loans, using direct selling for product demos. In January 2024, their revenues were Rs 26.09 crore, with a profit after tax of Rs 3.21 crore.
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Divine Power Energy shares list with 287% premium on NSE SME platform
Divine Power Energy's NSE SME IPO debut highlighted the critical role of winding wires in voltage regulation, converting electric to magnetic energy with fiberglass insulation for enhanced efficiency in power distribution.
Sylvan Plyboard stock debuts with 20% premium on NSE SME platform
Sylvan Plyboard's IPO on NSE SME platform debuted with a 20% premium. Reporting revenues of Rs 162 crore and a net profit of Rs 4.47 crore, the company distributes products through authorized dealers and sub dealers.
Multibagger debut! Shivalic Power Control shares list at 211% premium over IPO price
The IPO, which was completely a fresh equity sale of 64.32 lakh shares, was subscribed over 250 times at close, driven by strong interest from retail and non-institutional investors.
Multibagger Debut! Medicamen Organics stock debuts with 305% premium on NSE SME platform
Medicamen Organics, a pharmaceutical company, saw a successful listing on the NSE SME platform with a substantial premium. The company focuses on international markets, diverse pharmaceutical dosage forms, and global expansion strategies, reflecting its growth potential and market adaptability.
Dindigul Farm Product shares list at 90% premium on BSE SME platform
Dindigul Farm Product's successful IPO debut and premium listing showcased strong investor interest, with revenues reaching Rs 68.74 crore by December 2023, managed by Beeline Capital Advisors and Link Intime India.
Winny Immigration stock debuts with 71% premium on NSE SME platform
Winny Immigration's successful NSE SME platform debut with a premium reflects investor confidence, supported by strong financial performance and a focus on enhancing global mobility through visa consultancy services.
GEM Enviro Management shares list at 90% premium on BSE SME platform
Prior to its listing, GEM Enviro Management shares were trading with a Grey Market Premium (GMP) of Rs 70 in the unlisted market. The IPO, comprising entirely of a fresh equity issue of 59.9 lakh shares, was oversubscribed by over 200 times at closure, primarily fueled by robust interest from non-institutional investors. Proceeds from the public offer will be allocated towards funding working capital requirements and general corporate purposes.
Ixigo to finalise its share allotment today. Check status, GMP, listing date & other details
Ixigo, operated by Le Travenues Technology, to finalise share allotment after strong response for IPO, booked nearly 98.34 times. Investors can check allotment status on BSE or registrar website.
TBI Corn shares list at 111% premium on NSE SME platform
TBI Corn Share Price: TBI Corn IPO, which was completely a fresh equity issue of 47.8 lakh shares, received a bumper response from investors with an overall subscription of over 200 times at close. The company is a prominent player in the corn milling industry.
Aimtron Electronics stock lists at 50% premium on NSE SME platform
Aimtron Electronics debuted on the NSE SME platform with a 49.7% premium through a successful IPO. The company provides tailored solutions for electronic system design and manufacturing services globally.
GSM Foils shares list at IPO price on NSE SME platform
GSM Foils Share Price: GSM Foils lists on NSE SME at Rs 32 per share, with healthy IPO response of 250 times subscription. The company manufactures Blister Foils and Aluminium Pharma Foils for pharmaceutical packaging, capitalizing on India's robust pharmaceutical industry.
HOAC Foods shares list at 206% premium over IPO price
HOAC Foods shares listed on NSE SME platform at 206% premium over IPO price. The company handpicks raw materials for organic spices and works with Kfin Technologies. FMCG sector is growing, and GYR Capital managed the issue. The company reported revenues of Rs 11.48 crore and net profit of Rs 74 lakh.
Rulka Electricals stock debuts at 123% premium over IPO price
Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.
Quest Labs stock debuts with 60% premium on NSE SME platform
Quest Laboratories made its debut on the NSE SME platform on Thursday, starting with a 60% premium. The stock opened at Rs 155, surpassing its issue price of Rs 97. Before its listing, the company's shares were trading at a premium of Rs 80 in the unlisted market.
Blockbuster debut! Indian Emulsifier shares list at 226% premium on NSE SME platform
Indian Emulsifier shares debuted on the NSE SME platform on Wednesday, opening at Rs 430, a significant premium of 225.8% compared to the issue price of Rs 132. The IPO, consisting of 32.11 lakh fresh equity shares, garnered immense investor interest, with a subscription rate exceeding 450 times at the close of the offering.
ABS Marine Services shares list at 100% premium over issue price
ABS Marine Services Share Price: ABS Marine Services' shares made a remarkable debut on the NSE SME platform on Tuesday, opening at Rs 294 per share, which was a 100% premium over the issue price of Rs 147 per share. Prior to its listing, the company's shares were trading in the unlisted market with a premium of Rs 100.
Stellar debut: Veritaas Advertising lists at 141% premium on NSE SME platform
Veritaas Advertising stock debuts on NSE SME platform with a 141% premium. The oversubscribed IPO will fund new police booths, Pole Kiosks, and general corporate purposes. The company offers advertising services in multiple cities and forecasts the Indian advertising market to reach Rs 1.41 lakh crore by 2028. It reported revenues of Rs 9.
Aztec Fluids and Machinery stock debuts at 34% premium on BSE SME platform
Aztec Fluids and Machinery debuts on BSE SME platform at Rs 90, 34.3% premium over issue price. IPO oversubscribed over 200 times. Company offers coding and marking solutions across various industries.
Piotex Industries shares debut at 16% premium over IPO price
Piotex Industries' shares made their debut on the BSE SME platform on Friday with a 16% premium, opening at Rs 109 compared to the issue price of Rs 94 per share. Before the listing, the company's shares traded at a premium of Rs 30 in the unlisted market.
Premier Roadlines shares list at 30% premium over issue price
Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.
Energy Mission Machineries debuts at 165% premium on NSE SME platform
Energy Mission Machineries Share Price: Energy Mission Machineries debuted on the NSE SME platform with a premium of 165%, opening at Rs 366 compared to the issue price of Rs 138. The IPO received overwhelming investor interest, oversubscribed 320 times.
Refractory Shapes shares list at 142% premium on NSE SME platform
Refractory Shapes had a successful debut on NSE SME, listing at Rs 75 with a 142% premium. The IPO of 60 lakh shares was oversubscribed by 200 times, catering to diverse industries and offering tailored products.
Amkay Products debuts with 90% premium on BSE SME platform
Amkay Products Share Price: The shares of Amkay Products listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 104.5 as against an issue price of Rs 49.5.
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