IPO Market Buzz Continues With 3 New Public Issues

Mumbai: India’s primary market continues to boom, with three SME IPOs set to launch this week from September 30 (Monday), and the market will see several main board IPO listings like KRN Heat Exchanges, which received massive subscriptions of over 200 times.

NeoPolitan Pizza & Foods SME IPO was opened for retail investors on Monday and will close on October 4. Under this IPO, the company plans to raise capital of Rs12 crore. This entire IPO will be a fresh issue, in which 60 lakh new shares will be issued.

Paramount Dye Tec SME’sissue was also opened for subscription on Monday. Investors can bid for this IPO till October 3, 2024. Its issue size is Rs 28.43 crore. This entire IPO will be a fresh issue, in which 24.3 lakh shares will be issued.

Subscription of Subam Papers SME IPO also opened on Monday and will close on October 3, 2024. The issue size of this IPO is Rs 93.70 crore. The issue is entirely a fresh issue of 61.65 lakh new shares.

Three main board companies will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) next week.

Manba Finance was listed on NSE and BSE on September 30. This IPO was open for retail investors from September 23 to September 25. The size of this IPO was Rs 150.84 crore and it was a completely fresh issue.