6 SMEs and 10 IPO stocks to be listed at D-street
The six small and medium enterprises are expected to significantly raise funds in the last week of 2023, meanwhile, 10 companies stocks are set to list on the exchange market.
The Indian exchange market is going to showcase the listing of small and medium enterprises this ending year as many respective companies which have gone public this year, have experienced an tremendous positive response from retail and non-institutional investors. While, stocks of 10 companies are scheduled to make their debut on the exchanges. The investors has shown robust enthusiasm towards freshly subscription rates done by them through bidding process. The SMEs have debuts with substantial premium rates to amplify the issue prices.
Here is the List :
1-AIF Pipes and Polymers:
The initial public offering[IPO] of AIK pipes and polymers will open for subscription on December 26 till December 28. The company aims to raise Rs15 crore via the issuance of fresh equity shares. The price band for the offer is set at 89 per equity share with a face value of Rs10 each.
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2-Akanksha Power and Infrastructure
The IPO of Akanksha Power and Infrastructure will be open for subscription on December 27 till December 29. The company aims to raise Rs27.49 crore. This is particularly a fresh issue of 49.98 lakh shares. The price band of the IPO is set at Rs 52-55 per share.
3-HRH Next Services
The IPO of HRH Next Services will be open for subscription on December27 till December 29. The price band for the offer is set at 36 per equity share with a face value of Rs10 each. The company aims to raise Rs9.57 crore via the issuance of fresh equity shares.
4-Manoj Ceramic
The IPO of Manoj Ceramic will be open for subscription on December 27 till December 29. The price band fo the offer is set at 62 per equity share with a face value of Rs10 each. The company aims to raise Rs14.47 crore via the issuance of fresh equity shares.
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The IPO of Shri Balaji Valve Components will be open for subscription on December 27 till December 29. The company aims to raise Rs21.60 crore via the issuance of fresh equity shares. The price band for the offer is set at 95-100 per equity share with a face value of Rs10 each.
6-Kay Cee Energy and Infra
The IPO of Kay Cee Energy and Infra will open for subscription on December 28 till January 2. The company aims to raise Rs15.93 crore via the issuance of fresh equity shares. The price band for the offer is set at 51-54 per equity share with a face value of Rs10 each.
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