New Delhi: The primary market is set to see significant activity with a series of SME IPOs set to open this week. However, no mainboard IPOs are scheduled for this period. Tunwal E-Motors Limited IPO, Macobs Technologies Limited IPO, Kataria Industries Limited IPO are scheduled to open for subscription next week. The total funds expected to be raised from the SME IPOs are approximately Rs 190 crores. Here are the upcoming IPOs and their details
Tunwal E-Motors Limited IPO
Tunwal E-Motors IPO, valued at Rs 115.64 crores, comprises a combination of a fresh issue of 138.5 lakh shares amounting to Rs 81.72 crores and an offer for sale of 57.5 lakh shares totaling Rs 33.93 crores.
The subscription for Tunwal E-Motors IPO opens on July 15, 2024, and closes on July 18, 2024, with allotments expected to be finalised by Friday, July 19, 2024. The IPO is slated to be listed on NSE SME with a tentative listing date set for Tuesday, July 23, 2024.
The price per share for Tunwal E-Motors IPO is fixed at Rs 59. The minimum lot size for an application is 2000 shares, necessitating a minimum investment of Rs 118,000 for retail investors. High Net Worth Individuals (HNI) are required to apply for at least 2 lots (4,000 shares), amounting to Rs 236,000.
Macobs Technologies Limited IPO
Macobs Technologies IPO, a book-built offering targeting Rs 19.46 crores, comprises solely of 25.95 lakh fresh shares. Subscription for Macobs Technologies IPO will open from July 16 to July 19, 2024, with allotments anticipated to be finalised by Monday, July 22, 2024. The IPO is scheduled to debut on NSE SME with a tentative listing date of Wednesday, July 24, 2024. The price band for Macobs Technologies IPO is fixed between Rs 71 and Rs 75 per share, requiring a minimum lot size of 1600 shares, equating to an investment of Rs 120,000 for retail investors. High Net Worth Individuals (HNI) are expected to apply for at least 2 lots (3,200 shares), amounting to Rs 240,000.
Kataria Industries Limited IPO
Kataria Industries IPO, a book-built issue aiming to raise Rs 54.58 crores, consists entirely of fresh issuance totaling 56.85 lakh shares. The subscription for Kataria Industries IPO opens on July 16, 2024, and closes on July 19, 2024, with allotments expected to be finalised by Monday, July 22, 2024. The IPO is slated to list on NSE SME with a tentative listing date set for Wednesday, July 24, 2024. The price band for Kataria Industries IPO is fixed at Rs 91 to Rs 96 per share, with a minimum lot size of 1200 shares requiring an investment of Rs 115,200 for retail investors. High Net Worth Individuals (HNI) are required to apply for a minimum of 2 lots (2,400 shares), amounting to Rs 230,400.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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Upcoming IPOs: Tunwal E-Motors IPO, valued at Rs 115.64 crores, comprises a combination of a fresh issue of 138.5 lakh shares amounting to Rs 81.72 crores and an offer for sale of 57.5 lakh shares totaling Rs 33.93 crores. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
