Monday, September 25, 2023

Three SME IPOs To Open For Public Subscription In Next Week Know Details…

SME IPO Next Week: If you like to invest money in Initial Public Offering i.e. IPO, then this news is of your use. A total of 3 SME IPOs are going to open in the stock market next week. This includes the names of companies like Infolion Research Services Limited, CSF Fluid Control Limited and Comrade Appliances Limited.

What is SME IPO?

If small or medium sized companies bring IPO, then it is called SME IPO. In this category only those companies whose turnover is less than Rs 100 crore can bring IPO. It is worth noting that the price of one lot of SME IPO can be at least Rs 1 lakh or more. The shares of these SME companies are listed in the Bombay Stock Exchange and the National Stock Exchange.

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Which SME IPOs will come this week?

IPO of Infolion Research Services Limited

Infolion Research Services Limited is a Tech Oriented B2B Model Company. The IPO of this company is going to open on Monday i.e. 29th May. Whereas on May 31, 2023, it will be closed. The price tag of the IPO has been fixed by the company at Rs 80 to 82. A total of 22,24,000 new shares will be issued in this IPO. At the same time, 3,92,000 equity shares will be issued through offer of sale. These shares will be listed on NSE.

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In this IPO, 4,04,800 equity shares have been issued to Qualified Institutional Buyers (QIB). At the same time, 8,70,400 equity shares have been issued for Non-Qualified Institutional Buyers (NII), 1,32,800 equity shares for Retail Individual Investors (RII).

IPO of CSF Fluid Control Limited

The IPO of CSF Fluid Control Limited will be open from 30 May to 2 June. The price band of this IPO has been fixed at Rs 165 per share. Its total size is Rs 85.80 crore. The shares of this company will be listed on the Bombay Stock Exchange. With the amount deposited through this IPO, the company will use the money for its working capital requirements, loan repayment, technology advance and equipment purchase. CSF Fluid Control Limited is a company working in Defense sector.

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Comrade Appliances Limited IPO

The Comrade Appliances Limited IPO will open on Wednesday, May 31, 2023 and close on June 5, 2023. The company has fixed the price band of the IPO in the range of Rs 52 to Rs 54. The size of this IPO is Rs 12.30 crore and all these shares are being issued face. These shares will be listed on the Bombay Stock Exchange. The company will use the amount deposited through IPO for working capital and general business.

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