SME LISTING
Does NSE's price capping on SME IPOs mean no multibagger returns on Day 1?
As SME IPOs gain traction among investors, regulators are moving to formalise the market with stricter controls. The NSE recently imposed a cap on SME issue listing prices at 90%, independent of grey market trends. This impacted Nephro Care, which despite a 300% pre-listing GMP, debuted at only a 90% premium due to the exchange's price cap.
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.
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.
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.
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.
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.
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.
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