New Delhi: Saraswati Saree IPO, Positron Energy IPO, and Sunlite Recycling IPO worth Rs 240 crore will open next week on August 12, 2024. The 3 SME IPOs will close on August 14, 2024, and are expected to list on the indices by August 20, 2024, owing to holidays in between.
Sunlite Recycling Industries IPO GMP
Sunlite Recycling Industries IPO subscription opens on Monday, August 12, 2024, and closes on Wednesday, August 14, 2024. The IPO allotment date is August 16, 2024, with an August 20, 2024, listing date. The Rs 30.24 crore SME IPO offers 28.8 lakh shares in the price band of Rs 100-105 apiece. The minimum IPO lot size is 1,200 shares worth Rs 1,26,000.
The company is a manufacturer of copper rods and wires. Its net profit for the period ending March 31, 2024, stood at Rs 80.36 crore, while revenues for the period stood at Rs 116,655.09 crore. Sunlite Recycling Industries IPO GMP stood at Rs 20 apiece, indicating a 19.05 per cent premium over the Rs 105 IPO price, according to Investorgain.
Positron Energy IPO GMP
Positron Energy IPO Worth Rs 51.21 crore offers a minimum lot size of 600 shares worth Rs 1,50,000. Positron Energy has a total of 20.48 lakh shares on offer in a price band of Rs 238-250 per share. The IPO opens on August 12, 2024, and closes on August 14, 2024. The allotment date is August 16, 2024, while the listing date is August 20, 2024. Management and technical advisory company Positron Energy’s IPO GMP stood at Rs 150 apiece, indicating a Rs 400 apiece listing price, a 60 per cent premium over the IPO price of Rs 250 per share.
Saraswati Saree IPO details
Saraswati Saree IPO opens on August 12, 2024 and closes on August 14, 2024. The IPO allotment date is August 19, 2024, with the listing date set for August 20, 2024. Saraswati Saree IPO offers 10,000,800 shares priced at Rs 152-160 per share for a total IPO size of Rs 160.01 per share.
Saraswati Saree IPO’s minimum lot size is 90 shares priced at Rs 14,400. Saraswati Saree IPO GMP was at Rs 35 apiece on August 10, 2024, indicating a 21.88 per cent premium in listing to Rs 195 apiece, compared to the Rs 160 per share IPO price, according to Investorgain.
IPO Alert: The IPOs of Saraswati Saree Depot, Positron Energy and Sunlite Recycling are expected to open on August 12, 2024, with shares worth a combined Rs 240 crore on offer for investors. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
