Four SME issues will accept public bids concurrently, with allotments expected to wrap up on November 4 ahead of scheduled debuts on November 6. Maxwell Engineering Solutions and Johnsoncab Electricals are opting solely for fresh capital infusions, whereas HGS (India) and Vectras Enprocon have embedded offer-for-sale portions in their offerings. At the top of the price bands, Johnsoncab Electricals commands the highest per-share valuation at Rs 200, while Vectras Enprocon offers the lowest entry price starting at Rs 99.
Key points
Shares from these offerings are slated for tentative market listings on November 6 follow…: Shares from these offerings are slated for tentative market listings on November 6 following allotment on November 4.
Maxwell Engineering Solutions and HGS (India) will debut on the NSE SME platform, while t…: Maxwell Engineering Solutions and HGS (India) will debut on the NSE SME platform, while the other two firms list on BSE SME.
Vectras Enprocon and HGS (India) are the only two companies among the group incorporating…: Vectras Enprocon and HGS (India) are the only two companies among the group incorporating offer-for-sale components into their listings.
Sources checked by our analysis pipeline: 1
Of the four offerings, two will be listed on the NSE SME platform, while the remaining two will debut on the BSE SME platform. All four IPOs will remain open for subscription until November 3, with the allotment expected to be finalised on November 4. The tentative listing date for all four issues is November 6.
Here's a look at the issue size, price band, lot size and other key details of the four SME IPOs.
Maxwell Engineering Solutions IPO
Maxwell Engineering Solutions is launching a book-built IPO worth Rs 57.64 crore. The issue comprises an entirely fresh issue of 36.48 lakh shares, with no offer-for-sale component. The IPO will open for subscription on October 30 and close on November 3. The allotment is expected to be finalised on November 4, while the shares are tentatively scheduled to list on the NSE SME platform on November 6.The company has fixed the price band at Rs 150-158 per share. The lot size is 800 shares, while the minimum retail application requires 1,600 shares, translating into an investment of Rs 2,52,800 at…
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