Just like March, April will continue to be a dry month for mainboard initial public offerings, with none scheduled so far. In the coming week, three SME IPOs will close their subscriptions.
Monday is a holiday on the occasion of Eid ul-Fitr. However, the following IPOs will be open for bidding on Tuesday, Wednesday and Thursday before closing as per their respective schedules.
Retaggio Industries Ltd. IPO will close on April 2.
Infonative Solutions Ltd. IPO will close on April 3.
Spinaroo Commercial Ltd. IPO will close on April 3.
SME IPOs are usually listed on the NSE Emerge or the BSE SME platform of the respective exchanges. These three issues are expected to list in the following week on the BSE SME.
Retaggio Industries IPO
Retaggio Industries is engaged in the manufacturing of jewellery, including necklaces, bracelets, earrings and other decorative pieces. The company specialises in B2B jewellery manufacturing, offering high-end, heritage pieces known for exceptional craftsmanship and unique designs.
IPO size: Rs 15.50 crore (fixed price issue)
Issue type: Fresh issue of 61.98 lakh shares
Subscription period: March 27 to April 2
Issue price: Rs 25 per share
Lot size: 6,000 shares
Allotment date: April 3
Listing exchange: BSE SME
Tentative listing date: April 7
(Data from IPO tracker Chittorgarh)
Infonative Solutions IPO
Infonative Solutions specialises in custom learning development solutions for corporate and educational sectors. The company designs and develops e-learning content, offers cloud-based learning management systems, and provides other related services.
IPO size: Rs 24.71 crore (book-building issue)
Issue type: Fresh issue of 31.28 lakh shares
Subscription period: March 28 to April 3
Price band: Rs 75 to Rs 79 per share
Lot size: 1,600 shares
Allotment date: April 4
Listing exchange: BSE SME
Tentative listing date: April 8
(Data from IPO tracker Chittorgarh)
Spinaroo Commercial IPO
Spinaroo Commercial manufactures aluminium foil containers, home foil, paper cups, plates, bowls, and semi-processed materials for paper cup production. The company also supplies high-speed paper cup-making machines and other paper cup-related machinery.
IPO size: Rs 10.17 crore (fixed price issue)
Issue type: Fresh issue of 19.94 lakh shares
Subscription period: March 28 to April 3
Issue price: Rs 51 per share
Lot size: 2,000 shares
Allotment date: April 4
Listing exchange: BSE SME
Tentative listing date: April 8
(Data from IPO tracker Chittorgarh)
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