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Anticipated IPOs for the Week: Ather and Four Additional Listings; Two Emerging SME Offerings Worth Monitoring
Buckle up, investors! If you're on the lookout for new offerings this week, get ready for some heat in the SME sector. While there may not be any mainboard IPOs popping off from May 5 to May 9, don't fret. There are still two exciting SME IPOs to wet your appetite, plus a bunch of upcoming listings, including Ather Energy's long-awaited market debut. Let's dive in and check out what's in store!
This Week's SME IPOs
Manoj Jewellers IPO
Diamonds are a girl's best friend, and Manoj Jewellers, an SME IPO, is here to make your wallet's best friend too. This Chennai-based gold and diamond jewellery business, established in 2007, is offering a fixed price issue of 30 lakh shares to raise INR 16.20 crore at a price of INR 54 per share. The IPO closes on May 7, with allotment on May 8 and listing on May 12, all on the BSE SME platform. Investors, you'll need a minimum of INR 1,08,000 (minimum lot size of 2,000 shares) to get your hands on some bling.
Srige DLM IPO
If plastic is more your thing, blast off with Srige DLM, another SME IPO opening this week. Founded in 2005, this Noida-based plastic products manufacturer aims to raise INR 16.98 crore by offering shares at a price between INR 94 and INR 99 per share. The IPO closes on May 7, with allotment on May 8 and listing on May 12, all on the BSE SME platform. To get a piece of the action, you'll need a minimum of approximately INR 1,12,800 (minimum lot size of 1,200 shares), with the IPO earning moderate interest and a Grey Market Premium (GMP) of INR 10.5[1][3].
SME IPOs Closing This Week
Wagons Learning IPO
Wagons Learning, a learning and development company, opened its IPO on May 2 and will close on May 6, aiming to raise INR 38.38 crore with a price band of INR 78 to INR 82 per share. Retail investors will need to invest a minimum of INR 1,24,800 for a lot size of 6,000 shares, and the allotment process will start shortly after the issue closes, with shares in demat accounts ahead of the listing[2].
Kenrik Industries IPO
Kenrik Industries, a metals and minerals company, opened its IPO on April 29 and will close on May 6, aiming to raise INR 8.75 crore by offering a fresh issue of nearly 35 lakh shares with a price of INR 25 per share[2].
Mainboard and SME Listings to Watch This Week
Ather Energy (Mainboard listing)
Get ready for some electric excitement as Ather Energy, an EV major, is expected to debut on the bourses on May 6[4]. The share allotment is likely to be finalized on May 5, revving up all EV enthusiasts.
SME Listings on Radar
- Iware Supplychain Services: Scheduled for an NSE SME listing on May 6
- Arunaya Organics: Prepared for an NSE SME platform listing on May 7
- Wagons Learning: Targeting a BSE SME listing on May 9
- Kenrik Industries: Set for a BSE SME listing on May 9
Happy investing, and remember, there's always a chance to make your fortune in the stock market.
References:- [1] SME Manoj Jewellers IPO Size, Price, How to Apply, Allotment & Listing Date- [2] SME Kenrik Industries IPO Size, Price, How to Apply, Allotment & Listing Date- [3] Ask Your Doubts About Srige DLM IPO: Shivam Babu, CFA Discusses GMP, Stocks Talk- [4] Nifty at a Record High: Ather Energy upcoming IPO, and top SME IPOs- [5] Hot Stocks: Tata Consumer Products, Adani Green Energy, FSN E-commerce, and more- [6] Nifty Closes at a Record High as Index Hits New 2023 Highs Today- [7] BSE Sensex Struggles After Record Profit-booking Headed by Tech Shares and DIIs- [8] 5 Big Stocks to Watch This Week: Street Looks at Tata Motors, Escorts, Bajaj Finance, HDFC Bank, and RIL- [9] Nestle India, Vodafone Idea, ITC, and Maruti Suzuki: This is What Analysts Say- [10] Will Other Cloud Stocks Follow Microsoft's Footsteps?- [11] Will the Monsoon Bring Profit to Your Stock Portfolio?- [12] What's Next for Tata Group Stocks? 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- The world of finance is witnessing a surge in Defi, with investments being made in various sectors, including plastic manufacturing with Srige DLM's IPO.
- For those interested in expanding their portfolio beyond stocks, the SME market offers promising opportunities, such as Manoj Jewellers IPO in the gold and diamond sector.
- Traders eyeing a diverse market presence can look forward to upcoming listings like Ather Energy's mainboard debut and several SME listings, such as Iware Supplychain Services, Arunaya Organics, Wagons Learning, and Kenrik Industries, in the coming weeks.
