Like March, the primary market in April is expected to remain slow. So far, there is no news of any mainboard IPOs opening this month.
However, in the SME segment, three companies have their IPOs closing this week. Investors still have a chance to invest in these offerings. Below is a brief overview of these three companies.
Legacy Industries IPO
The SME IPO of Legacy Industries has a total size of Rs 15.50 crore. Through this IPO, the company will issue 61.98 lakh shares. The IPO opened on March 27, and investors can apply until April 2.
Price Band: Rs 25 per share
Lot Size: 6000 shares
Minimum Investment: Rs 1,50,000
Subscription on Day 1: 0.84 times
Spinaroo Commercial IPO
Spinaroo Commercial is also launching an SME IPO with a size of Rs 10.17 crore. The company will issue 19.94 lakh shares. The IPO opened on March 28 and will remain available for investment until April 3.
Price Band: Rs 51 per share
Lot Size: 2000 shares
Minimum Investment: Rs 1,02,000
Subscription on Day 1: 16%
Another SME IPO Opportunity
Another SME IPO is offering shares worth Rs 24.71 crore. Through this IPO, 31.28 lakh fresh shares will be issued. Investors can apply until April 3.
Price Band: Rs 75 – Rs 79 per share
Lot Size: 1600 shares
Investors looking to participate in the SME IPO segment still have an opportunity to place their bets before the deadlines.
