This week has been very much stirred for the IPO market. 19 new public issues have been opened throughout the week. 2 of these IPOs opened on 27 June today. However, both of them belong to the SME segment. Along with this, 3 companies of the same segment started in the stock market. Earlier, 5 public issues were knocked on June 6, 25 June on June 6, 25 and 26, including the mainboard and SME. Which SME IPO has been opened on Thursday, so far how many times they have been subscribed, let’s know …
The size of the Edcoupee Media India IPO is Rs 50.69 crore. On the first day, this issue filled 2.21 times. 59.63 lakh new shares are being issued in this IPO. The price band for bidding is Rs 80-85 per share and lot size 1600 shares. The allotment will be finalized on July 2 after closing the issue on 1 July. The company’s shares can be listed on BSE SM on 4 July.
Edcove Media India Limited offers complete digital marketing solutions from brand promotion to performance based campions. Its service portfolio includes programmatic advertising, acrequation (CPA) on cost, cell (CPS) on cost, lead on cost, installed on cost, search engine optimization (SEO), social media marketing and click (PPC). These services are designed to increase sales, generate leads and expand the customer Reach.
Book running lead manager Narnolia Financial Services Limited for Adcounty Media India IPO. Registrar Skyline Financial Services is Private Ltd. Prior to IPO, the company raised Rs 14.33 crore from anchor investors. The money received from the IPO will be used to meet capital experts, working capital needs, already not addressing expenses related to acquisitions, general corporate purposes and expenses associated with IPO.
This public issue of Rs 77.04 crore filled 0.58 times on 27 June. 102.72 lakh new shares are being issued in IPO. Neetu Yoshi Limited, Ferrus produces customized products in various grades of metallurgical products. The company’s product portfolio includes mild steel, sfeeroidal graphite iron, cast iron and manganese steel. It is RDSO (Research Design and Standards Organization) certified vendor for Indian Railways.
The price band for bidding in IPO is Rs 71-75 per share. The lot size is 1600 shares. The issue will be closed on 1 July, after which the allotment will be finalized on 2 July. Listing of shares is expected on BSE SME on 4 July. Horizon Management Private Limited, Book Running Lead Manager for NEETU Yoshi IPO. The Registrar is Skyline Financial Services Limited.
Prior to IPO, the company raised Rs 21.90 crore from anchor investors. The money received from the IPO will be used for setting up a new manufacturing unit and for general corporate purposes.
Lists of these 3 companies shared on Friday
On 27 June, shares of Mayanasheel Ventures, Safe Enterprises Retail Fixcutors and Size Medical Technologies started in the stock market on 27 June. The IPO price on the shares of Maysheel Ventures was listed at Rs 58 with Rs 47 to Rs 23.4 percent premium. After this it jumped 5 percent and got an upper circuit at Rs 60.90. The company’s IPO of Rs 27.28 crore closed with 232.73 times.
The IPO price on the shares of Safe Enterprises Retail Fixators was listed at Rs 151 from Rs 138 from Rs 138 to Rs 151. After this, an upper circuit of 5 percent was placed and the stock reached a high of Rs 158.55. The company’s public issue closed with 14.70 times.
Shares of third company Size Medical Technologies started at Rs 75 with a 4 percent gain of Rs 72 on NSE SME. After this, the stock was broken 5 percent and a lower circuit at Rs 71.25. The company’s IPO was filled 2.28 times.
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