Next week brings a fresh opportunity for investors with three upcoming IPOs on the SME Board. While there won’t be any new main board IPOs, the focus shifts to the SME segment, which has been drawing significant interest. Additionally, 12 IPOs are set to be listed next week, including KRN Heat Exchange, which saw a massive subscription rate of over 200 times. This trend of high returns on IPO listings has encouraged many investors to actively participate, seeking quick profits. Let’s dive into the details of the three SME IPOs launching next week.
Subam Papers Limited IPO: Opens on September 30
Subam Papers Limited, a kraft paper and paper products manufacturer, is set to launch its IPO on September 30. The subscription window will remain open until October 3. The company aims to raise Rs 93.70 crore through this IPO by issuing 61.65 lakh fresh shares. The price band for this offering is set between Rs 144 to Rs 152 per share, with a minimum lot size of 800 shares.
Investors will need to allocate Rs 1,21,600 for one lot, with retail investors permitted to book only one lot. Subam Papers uses waste paper as raw material, making it an eco-friendly player in the paper industry. The allotment of shares is scheduled for October 4, and the stock is expected to list on October 8.
Paramount Dye Tec Limited IPO: Yarn Producer Enters the Market
Paramount Dye Tec Limited, a company that produces yarn from recycled synthetic fibers, will also open its IPO on September 30. Investors can subscribe to this IPO until October 3. The company is offering 24.3 lakh fresh shares, with an issue size of Rs 28.43 crore. The price band is set between Rs 111 to Rs 117 per share, with each lot comprising 1200 shares.
Retail investors will need to invest Rs 1,40,400 for one lot, and only one lot can be booked. Paramount Dye Tec operates in the B2B segment, catering primarily to the textile industry. The allotment date for this IPO is October 4, and the listing is scheduled for October 8.
NeoPolitan Pizza and Foods Ltd IPO: Diversified Business with a Restaurant Focus
The third IPO opening on September 30 is NeoPolitan Pizza and Foods Ltd, which operates restaurants and is also involved in agricultural commodity trading. The issue size for this IPO is Rs 12 crore, with the company issuing 60 lakh fresh shares. Investors can subscribe to this offering until October 4, with the share price set at Rs 20.
The lot size for this IPO is 6,000 shares, requiring an investment of Rs 1.20 lakh per lot. Retail investors can only book one lot. The allotment will take place on October 7, and the listing is expected on October 9. NeoPolitan Pizza is also working on expanding its franchise model, which could drive further growth.
Investor Sentiment High on SME IPOs
Recent IPOs have shown great potential for quick gains, with several offering strong returns on listing day itself. The interest in SME IPOs has been particularly high, as they allow investors to tap into emerging companies with growth potential. Next week’s three IPOs present a range of industries, from paper manufacturing to textile recycling and the food and restaurant sector.
These upcoming SME IPOs offer investors another opportunity to explore diverse sectors and potentially benefit from attractive returns.
