From April 22 to April 25, there was a lot of buzz in the Initial Public Offering (IPO) market as four companies including three SMEs’ IPO subscriptions were open. Investors got the golden opportunity to invest their money in the already-opened Follow-on Public Offer (FPO) and IPO of companies. Now, after the subscription, these companies are ready to make their market debut on April 30.
JNK India Limited
Heating equipment manufacturer, JNK India IPO is the only mainboard IPO which was open for subscription last week. JNK India’s IPO price band was fixed at Rs 395 to Rs 415 per share, with a face value of Rs 2. It was open to subscription from 23 April till 25 April. JNK India’s IPO fetched Rs 650 crore with an overall subscription of 28.12 times on April 25. Now, this company is all set to make its debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on April 30.
Varyaa Creations Limited
Varyaa Creations Limited’s IPO opened for subscription on April 22. Its share price was fixed at Rs 150 per piece. The minimum lot size was 1,000 shares aggregating to an investment of Rs 1.5 lakh. Now, on April 30, the jewellery firm will list its shares on the Bombay Stock Exchange Small and Medium Enterprises (BSE SME). Varyaa Creations Limited aims to raise Rs 20.10 crore through a fixed-price IPO consisting of 13.4 lakh fresh shares.
Shivam Chemicals
Shivam Chemicals IPO was priced at Rs 44 per share during the subscription period of April 23 to April 25. The 20.18 crore IPO’s lot size is 3,000 shares and the minimum investment is Rs 1.34 lakh by retail investors. This is a Small and Medium Enterprises (SME) IPO and the company’s equity shares will be listed on BSE SME on April 30.
Emmforce Autotech
Automotive firm Emmforce Autotech IPO was set in the range of Rs 93 to Rs 98 per piece with a value of Rs 10 each. The IPO consisted of 1,200 shares with the minimum bid limit being only 1,200 equity charges. The company raised Rs 15.34 crore from its anchor investors its IPO is worth Rs 53.90 crore. The shares of the company will be listed on BSE SME.
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