New Delhi, May 4 (HS): During the business week starting Monday, May 5, two new IPOs will be launched in the primary market. Both of these IPOs are from the SME segment. Additionally, bids can also be made for two IPOs that were launched last week until Tuesday, May 6. As for the listings, five companies, including Ather Energy, will have their shares listed and begin trading in the stock market this week.
On Monday, the IPO of Shreeji DLM Limited will open for subscription. Bidding for this IPO will be available until May 7. The price band for bidding in this IPO has been set at ₹94 to ₹99 per share, while the lot size is 1,200 shares. Allotment of the company’s shares will take place on May 8, and their listing will occur on the BSE’s SME platform on May 12.
On May 5, the IPO of Manoj Jewelers, worth ₹16.20 crores, will open for subscription. Bids for this IPO can also be made until May 7. The price for bidding in this IPO has been set at ₹54 per share, while the lot size is 2,000 shares. Allotment of the company’s shares will take place on May 8, and their listing will occur on the BSE’s SME platform on May 12.
In addition, applications can be submitted for the IPO of Kenric Industries, which opened on April 29 for ₹8.75 crores, until June 6. The price for bidding in this IPO has been set at ₹25 per share, while the lot size is 6,000 shares. Allotment of the company’s shares will take place on May 7, while their listing will occur on the BSE’s SME platform on May 9.
Similarly, applications can be submitted for the IPO of Wagons Learning, which opened on May 2 for ₹38.38 crores, until June 6. The price band for bidding in this IPO has been set at ₹78 to ₹82 per share, while the lot size is 1,600 shares. Allotment of the company’s shares will take place on May 7, and their listing will occur on the BSE’s SME platform on May 9.
During the business week starting May 5, five companies will have their shares listed and begin trading in the stock market. The first to list will be iWares Supply Chain Services on Tuesday, May 6, on the NSE’s SME platform. On the same day, shares of Ather Energy will be listed on the BSE and NSE. The following day, May 7, shares of Arunaya Organics will be listed on the NSE’s SME platform. Additionally, shares of Kenric Industries and Wagons Learning will be listed on the BSE’s SME platform on May 9.
Hindusthan Samachar / Jun Sarkar
