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Six Small and Medium Enterprises (SMEs) Gears Up for IPO This Month

 Finance  |    

2024/03/12 12:40 pm


The first company to begin bids on this day is Pratham EPC Projects IPO, which is involved in offering end-to-end services to gas and oil utility companies in India. It's a pure fresh offering of 4.8 million shares to raise an amount of Rs 36 crore. 

The company has decided to set the price range at 70-75 per share. It will be open to bidding from March 11, and close the 13th of March.

Signoria Creation IPO

The open bid on 12 March is expected to generate approximately Rs 9.28 crore which will be completely employed by the firm. The bidding period will end on March 14 and the allotment is scheduled to be completed the 15th of March. 

The company will offer 142.8 million shares, with a price range of between 61 and 65 for each equity share. The company plans to use the proceeds to pay for its working capital needs.

AVP Infracon IPO

The book-built issue of 52.34 crores will allow a new subscription in the amount of 697.9 million shares. The company will begin the offer at the end of March 13 and will close the issue on March 15. 

It has fixed the price range of the range of Rs 71-75 for equity shares. The company is involved in the development of roads.

Enfuse Solutions IPO

The company focuses on providing a digitally integrated solution in data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, as well as ed-tech and technology solutions. 

Enfuse Solutions will raise Rs 22.40 crore by offering 2.33 million shares. It will start auction beginning on 15 March. The company will close the auction to bidders who are retailing at the end of March. The company has established a price band to be in between Rs 91 and 95 equity shares.

Royal Sense IPO

It's a fixed price issue of 9.86 crore. It also offers the prospect of a new issue of the equivalent of 145 million shares. The company has fixed its IPO cost at 68 rupees for each equity share. The bidding will begin at the end of March and will close at the end of March. The firm is involved in providing instruments for surgery, medical consumables, and surgical equipment as well as laboratory equipment, surgical instruments, etc.

KP Green Engineering IPO

The company will offer an offering that will comprise 13.16 million shares to raise Rs 189.50 crore. The company will start the bidding at the end of March and end the auction at the end of March. The price range was set at a range of Rs 137-144 per equity share, for which retail investors are required to offer a minimum of 1000 shares or Rs 1.44 lakh. The company produces fabricated and hot-dip galvanized steel products.

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