Fire Up Your Portfolio: Two SME IPOs Light Up the Primary Market This Week - Manoj Jewellers and Srigee DLM Making a Splash! 💥💰
Anticipated IPOs This Week: Ather and Four Additional Listings; Two New Small and Medium Enterprise Offerings to Keep an Eye On
Are you ready to dive back into the stock market scene? The primary market is heating up once more, despite no mainboard IPOs gracing us this week (May 5 to May 9). But don't lose hope! Prepare yourself for two sparkling SME IPOs and a series of anticipated listings, including one highly-anticipated mainboard debut. Strap in, folks! It's time to ride the waves of Dalal Street. 🌊
Let's dive into what's on the docket for the coming days:
Upcoming SME IPOs to Set Sail This Week
Manoj Jewellers 💎💃
Batching up to set sail on May 5 and sail through May 7, Manoj Jewellers, an SME issue, is poised to wow investors. The company has set the price band at ₹54 per share, with a total of 30 lakh shares up for grabs in a fixed-price issue worth ₹16.2 crore[1]. The crew includes Jawa Capital Services as the IPO manager, Skyline Financial Services as the registrar, and Shreni Shares as the market maker[2]. Hoist the Jolly Roger and join the high seas adventure! The allotment of shares is slated for May 8, with the listing set to debut on May 12, on the BSE SME platform[3].
Srigee DLM 💪💼
Get set for an exhilarating voyage this week, as Srigee DLM, another SME issue, prepares to sail its bidding from May 5 through May 7. Eyeing ₹16.98 crore through its book-built issue, the company has set its price band between ₹94 and ₹99 per share[1]. The allotment of shares will happen on May 8, with the listing penciled in for May 12[3]. GYR Capital Advisors has been roped in as the IPO manager, Bigshare Services Pvt Ltd as the registrar, and Globalworth Securities as the market maker[2]. Lay anchor and brace yourself for a ride to remember!
Ongoing SME IPOs - Setting Sail This Week
Wagons Learning 🎓 př
Wagons Learning, a learning and development company, is sailing its IPO, raising ₹38.38 crore[1]. The voyage includes both fresh shares and an OFS[1]. The price band for the IPO is set between ₹78 and ₹82 per share, with a minimum investment of ₹1,24,800 for retail investors[3]. The IPO kicked off on May 2 and is sailing through May 6, with the company expected to dock on the BSE SME platform on May 9[4]. Khandwala Securities is the lead manager, while Cameo Corporate Services is the registrar, and Rikhav Securities is the market maker[2].
Kenrik Industries 🏗️
Kenrik Industries IPO, which is already steaming forward, is anticipated to touch its destination on May 6, with the listing set for May 9 on the BSE SME platform[4]. The price band for the IPO is ₹25 per share, with a fresh issue of approximately 35 lakh shares, aiming to reel in a respectable ₹8.75 crore[1]. Keep a keen eye on these key players involved in the voyage - Turnaround Corporate Advisors as the lead manager, Skyline Financial Services as the registrar, and MNM Stock Broking as the market maker[2].
Mainboard and SME listings to watch this week
Ather Energy (Mainboard listing) 🚴⚡
Fasten your seatbelts, adventurers! EV major Ather Energy is expected to zip through the stock market on May 6, with the share allotment likely to be finalized by May 5[3].
SME listings on watch 🌟
Iware Supplychain Services: NSE SME listing slated for May 6
Arunaya Organics: Listing on NSE SME platform pegged for May 7
Wagons Learning: BSE SME listing on tap for May 9
Kenrik Industries: BSE SME listing also scheduled for May 9
Whether you're an ardent investor or a newcomer to the scene, keep your compass pointed north and your eyes open to these upcoming IPOs and listings. Remember to sail cautiously, and always be prepared to weather any financial storms. Happy sailing, smooth seas ahead! ⚓️🌊💰
- Preparing for an investment in the upcoming SME IPOs, Manoj Jewellers and Srigee DLM, could be a likely move for portfolio diversification this week, with their listings scheduled for the BSE SME platform on May 12.
- In the current financial market, retail investors can invest a minimum of ₹1,24,800 in the ongoing Wagons Learning IPO, which falls within the price band of ₹78 to ₹82 per share.
- Kenrik Industries IPO, which is already underway, is expected to list on the BSE SME platform by May 9, offering a fresh issue of approximately 35 lakh shares, aiming to raise ₹8.75 crore.
- Alongside these SME listings, it's likely that Ather Energy, an EV major, will make its mainboard listing on May 6, setting sail for the stock market.
- In addition to Ather Energy and SME listings, Iware Supplychain Services and Arunaya Organics are other companies to watch out for, with their NSE SME listings planned for May 6 and May 7, respectively. With a careful navigation and informed decisions, financially successful experiences could be likely during April and the rest of the year.
