SME IPOs: Amic Forging, Graphisads among 6 SME IPOs set to hit the Street this week. Check details

SME IPOs: Amic Forging, Graphisads among 6 SME IPOs set to hit the Street this week. Check details

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An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. As per the data available on the PRIME database, Dalal Street is gearing up for another busy week in the primary market as six small and medium enterprises (SME) IPOs to hit the primary market this week. However, Swashthik Plascon has already opened for subscription and will close this week.

Amic Forging
The Rs 31.73 crore initial public offering of Amic Forging will open for subscription on Wednesday, November 29, and close on December 01, 2023. Investors can bid for a minimum of 1,000 shares. Amic Forging IPO’s price band is set in the range of Rs 121 to Rs 126. The issue will be listed on BSE SME.

Deepak Chemtex
The Rs 20.76 crore initial public offering of Deepak Chemtex will open for subscription on Wednesday, November 29, and close on December 01, 2023. Deepak Chemtex IPO’s price band is set in the range of Rs 76 to Rs 80. Investors can bid for a minimum of 1,600 shares. The issue will be listed on BSE SME.

Graphisads
The Rs 50.72 crore initial public offering of Graphisads will open for subscription on Thursday, November 30, and close on December 5, 2023. Investors can bid for a minimum of 1,200 shares at an issue price of Rs 111 apiece. The promoters’ holding after the issue will be 73.66%. The issue will be listed on NSE SME.

Net Avenue Technologies
The Rs 8.65 crore initial public offering (IPO) of Net Avenue Technologies will open for subscription on Thursday, November 30, and close on December 4, 2023. Investors can bid for a minimum of 8,000 shares. Net Avenue Technologies IPO’s price band is set in the range of Rs 16 to Rs 18. The promoters’ holding after the issue will be 33.28%. The issue will be listed on NSE SME.

Marinetrans India
The Rs 10.92 crore initial public offering (IPO) of Marinetrans India will open for subscription on Thursday, November 30, and close on December 5, 2023. Investors can bid for a minimum of 4,000 shares at an issue price of Rs 26 apiece.

Swashthik Plascon
The Rs 40.76 crore initial public offering of Swashthik Plascon opened for subscription on Friday, November 24, and will close on November 29, 2023. Swashthik Plascon IPO’s price band is set in the range of Rs 80 to Rs 86. Investors can bid for a minimum of 1,600 shares and in multiples thereof. The issue will be listed on NSE SME.The company Swasthik Plascon is focused on producing PET preforms and bottles. They produce PET bottles for a range of uses, including household cleaning products, repellent dispensers, FMCG packaging, medicines, and alcohol. They also make PET preforms for juice, soft drink, and packaged drinking water bottles.

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