The SME IPO market continues to attract investor attention, with four new offerings currently open for subscription. These companies are seeking to raise funds despite concerns around valuations and pricing. Here’s a quick look at the details of the four IPOs:
Gajanand International IPO
Gajanand International aims to raise Rs 21 crore through its IPO, which closes on September 11. The company has set a price of Rs 36 per share, with investors required to bid for a lot of 3000 shares. About 50% of the offer is reserved for retail investors, while the other 50% is set aside for institutional investors. Gajanand International is known for producing contamination-free and sustainable cotton, with a product range that includes Mech1, Shankar6, and DCH 32 cotton.
| SR. NO. | CATEGORY | NO OF APPLICATIONS RECEIVED | NO. OF SHARES BID FOR |
|---|---|---|---|
| 1 | Qualified Institutional Buyers(QIBs) | – | – |
| 1(a) | Foreign Institutional Investors(FIIs) | – | – |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | – | – |
| 1(c) | Mutual funds | – | – |
| 1(d) | Others | – | – |
| 2 | Non Institutional Investors | 689 | 71,52,000 |
| 2(a) | Corporates | 7 | 69,000 |
| 2(b) | Individuals(Other than RIIs) | 677 | 67,71,000 |
| 2(c) | others | 5 | 3,12,000 |
| 3 | Retail Individual Investors(RIIs) | 14,753 | 4,42,59,000 |
| 3(a) | Cut Off | – | – |
| 3(b) | Price bids | – | 4,42,59,000 |
| – | Total | 15,442 | 5,14,11,000 |
Share Samadhan IPO
Share Samadhan plans to raise Rs 24 crore through its IPO, which is priced between Rs 70-74 per share. The offer, closing on September 11, consists of a fresh equity sale of 32.51 lakh shares. Around 50% of the offer is reserved for institutional investors, 35% for retail investors, and 15% for non-institutional investors. The company specializes in providing services for investment protection and retrieval through Wealth Samadhan Pvt Ltd and litigation funding solutions through Nyaya Mitra Ltd.
Shubhshree Biofuels Energy IPO
Shubhshree Biofuels Energy is looking to raise Rs 16.5 crore with shares priced between Rs 113-119. The issue, which also closes on September 11, has 50% of its shares reserved for institutional investors, 35% for retail investors, and 15% for non-institutional investors. The company supplies biomass fuels, such as pellets and briquettes, to industries like textile, pharmaceutical, and metal processing.
| SR. NO. | CATEGORY | NO OF APPLICATIONS RECEIVED | NO. OF SHARES BID FOR |
|---|---|---|---|
| 1 | Qualified Institutional Buyers(QIBs) | 4 | 28,99,200 |
| 1(a) | Foreign Institutional Investors(FIIs) | 2 | 10,46,400 |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | – | – |
| 1(c) | Mutual funds | – | – |
| 1(d) | Others | 2 | 18,52,800 |
| 2 | Non Institutional Investors | 1,211 | 59,08,800 |
| 2(a) | Corporates | 18 | 1,50,000 |
| 2(b) | Individuals(Other than RIIs) | 1,185 | 57,26,400 |
| 2(c) | others | 8 | 32,400 |
| 3 | Retail Individual Investors(RIIs) | 22,612 | 2,71,34,400 |
| 3(a) | Cut Off | – | 1,99,14,000 |
| 3(b) | Price bids | – | 72,20,400 |
| – | Total | 23,827 | 3,59,42,400 |
Aditya Ultra Steel IPO
The largest of the four, Aditya Ultra Steel, aims to raise Rs 46 crore with shares priced in the range of Rs 59-62. The IPO, which closes on September 11, focuses on producing rolled steel products, primarily TMT bars under the brand name ‘Kamdhenu,’ catering to the construction and infrastructure sectors.
| SR. NO. | CATEGORY | NO OF APPLICATIONS RECEIVED | NO. OF SHARES BID FOR |
|---|---|---|---|
| 1 | Qualified Institutional Buyers(QIBs) | 2 | 35,46,000 |
| 1(a) | Foreign Institutional Investors(FIIs) | – | – |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | – | – |
| 1(c) | Mutual funds | – | – |
| 1(d) | Others | 2 | 35,46,000 |
| 2 | Non Institutional Investors | 721 | 60,22,000 |
| 2(a) | Corporates | 8 | 54,000 |
| 2(b) | Individuals(Other than RIIs) | 706 | 59,20,000 |
| 2(c) | others | 7 | 48,000 |
| 3 | Retail Individual Investors(RIIs) | 19,798 | 3,95,96,000 |
| 3(a) | Cut Off | – | 2,83,04,000 |
| 3(b) | Price bids | – | 1,12,92,000 |
| – | Total | 20,521 | 4,91,64,000 |
Disclaimer: The information regarding IPO bidding is accurate as of 1:33 PM on 11th September and may be subject to change. Investors are advised to verify details before making any decisions
