Today marks the opening of four new SME IPOs, highlighting the ongoing investor interest despite concerns about valuations and pricing. Here’s a quick rundown of these offers:
Gajanand International IPO
- Amount to Raise: ₹21 crore
- Price: ₹36 per share
- Offer Details: Investors can bid for 3,000 shares in one lot. The IPO is open until September 11. Half of the shares are reserved for retail investors, with the rest for other types of investors.
- Business: Gajanand International produces sustainable cotton, including Mech1, Shankar6, and DCH 32 varieties.
Share Samadhan IPO
- Amount to Raise: ₹24 crore
- Price: ₹70-74 per share
- Offer Details: The IPO includes 32.51 lakh new shares and is open until September 11. It reserves 50% of the shares for qualified institutional investors, 35% for retail investors, and 15% for non-institutional investors.
- Business: Share Samadhan offers services to help clients protect and recover their investments, including wealth protection and litigation funding.
Shubhshree Biofuels Energy IPO
- Amount to Raise: ₹16.5 crore
- Price: ₹113-119 per share
- Offer Details: This IPO is open until September 11. Shares are reserved with 50% for qualified institutional investors, 35% for retail investors, and 15% for non-institutional investors.
- Business: Shubhshree Biofuels Energy supplies biomass fuels like pellets and briquettes to various industries.
Aditya Ultra Steel IPO
- Amount to Raise: ₹46 crore
- Price: ₹59-62 per share
- Offer Details: The IPO is the largest of the four and is open until September 11.
- Business: Aditya Ultra Steel manufactures TMT bars for the construction industry, operating under the brand name ‘Kamdhenu’.
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