The stock markets are on a correction mode. While that’s welcome news for those investors who were waiting for prices to climb down to pick up stocks, it’s doesn’t bode well for the promoters of companies who are trying to raise capital from the market. No wonder that the number of IPOs have reduced to a trickle in November.
The 2 SME IPOs that will be offered to investors during this month are Neelam Linens and Garments IPO and Rosmerta Digital Services IPO. Let’s have a look at the price, minimum investible lot size, dates for bidding, allotment date, GMP of these issues.
Neelam Linens and Garments IPO GMP, price
Neelam Linens and Garments IPO, an SME IPO, intends to raise Rs 13 crores. Neelam Linens and Garments IPO will be open for bidding from November 8 to November 12, 2024. Allotment its shares will be decided on November 13 while listing is one November 18.
The Neelam Linens and Garments price band has been priced at Rs 20-24. Bidding has to be for at least 6,000 shares which will cost Rs 1.44 lakh. The GMP of Neelam Linens and Garments IPO is yet to take off, according to investorgain.However, GMP is an unofficial estimate that can change with time.
Rosmerta Digital Services IPO GMP, price
The Rosmerta Digital Services IPO has been designed to mop up Rs 206.33 crores. Rosmerta Digital Services IPO will remain open for bidding between November 18 and November 21. The allotment will take place on November 22, while listing will take place on November 26.
A share of Rosmerta Digital Services IPO costs Rs 140-147. A retail investor has to bid for at least 1,000 shares that will require Rs 1.47 lakh. According to investorgain, Rosmerta Digital Services SME IPO stood at Rs 15 in the morning of November 5, Considering the price of Rs 147, the estimated listing gain will be 10.20%. However, it must be remembered that GMP is an unofficial estimate, is liable to change with time and does not guarantee anything – listing gain or loss.
(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.)
Neelam Linens and Garments IPO and Rosmerta Digital Services IPO launch in November 2024: After a bountiful October when a record Rs 38,700 crore was raised through IPOs, only half a dozen issues will hit D Street in November and 2 of these are SME IPOs. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
