Two SME IPOs – Nexxus Petro Industries IPO and Forge Auto International IPO are all set to open for subscription on September 26, 2024 (Thursday). Forge Auto International SME IPO has already started to generate a buzz in the grey market. As per investorgain, the latest GMP stands at Rs 30, which means an estimated listing price of Rs 138 per share. The gain percentage in this scenario would be nearly 28 per cent. However, Nexxus Petro GMP stands NIL.
Nexxus Petro Industries IPO price, allotment
Nexxus Petro Industries IPO, a fixed price issue of Rs 19.43 crore, opens for subscription on September 26, 2024 and close on 30th September. Nexxus Petro Industries IPO price is fixed at Rs 105 per share. The retail investors are required to bid for a minimum lot of 1200 shares, amounting to Rs 126,000. The HNI category is required to apply for a minimum lot size of 2,400 shares, for which Rs 252,000 is required for investment.
Nexxus Petro Industries IPO book running lead manager: Srujan Alpha Capital Advisors Llp
Registrar for the issue: Kfin Technologies Limited
Market maker for the IPO is Gretex Share Broking
Nexxus Petro Industries IPO Allotment expected on October 1, 2024
Refunds process likely to begin on October 3
The shares are expected to be credited to the demat accounts on 3rd October
Nexxus Petro Industries IPO will list on BSE SME with a tentative date October 4.
Nexxus Petro Industries is engaged in the business of Bitumen (Asphalt). The company manufactures, supplies, imports, and distributes Bitumen, Bitumen Emulsions, and Special Bituminous Allied Products to infrastructure/construction companies, government, road authorities, and the Bitumen Industry in general.
Forge Auto International IPO
Forge Auto International IPO, a book built issue of Rs 31.10 crore, opens for subscription on September 26 and ends on 30th September 30. Forge Auto International IPO price band is fixed in the range of Rs 102-108 per share.
Investors are required to apply for a minimum lot size of 1200 shares, amounting to Rs 129,600. For HNI category, the minimum lot size investment is 2 lots worth Rs 259,200.
Forge Auto International IPO likely allotment date: October 1, 2024
Shares likely to be credited to the demat accounts on October 3
Forge Auto International IPO will list on NSE SME. The tentative date is 4th October
Hem Securities Limited is the book running lead manager of the IPO
Bigshare Services Pvt Ltd is the registrar for the issue
Hem Finlease is the market maker for the offer
Forge Auto International came into existence in 2001. It manufacturers closed die Hot Forging in Carbon and Alloy Steel ranging from 1kg to 20 kg and Aluminium forging of any grade ranging from 500 gms to 6 Kg.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
SME IPO alert: Nexxus Petro IPO and Forge Auto IPO open for subscription on September 26, 2024. Forge Auto International IPO GMP indicates listing of around 28 per cent gains. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
