The IPOs of two companies from the SME segment are opening today. However, both are trading at zero premium in the grey market, which indicates a weak start. Let’s look at the details of these IPOs.
Krupalu Metals IPO
IPO Size: ₹13.48 crore
Fresh Issue: 19 lakh shares
Subscription Dates: 8 September to 11 September
Price Band: ₹72 per share
Lot Size: 1 lot = 1600 shares
Minimum Investment: Retail investors must apply for at least 2 lots, i.e., ₹2,30,400.
Proposed Listing: BSE SME
Lead Manager: Finshore Management Services Ltd
Registrar: Cameo Corporate Services Limited
Nilachal Carbo Metallics IPO
IPO Size: ₹56.10 crore
Fresh Issue: 26 lakh shares
Offer for Sale (OFS): 40 lakh shares
Subscription Dates: Open till 11 September
Price Band: (Not mentioned, but lot size is shared)
Lot Size: 1 lot = 1600 shares
Minimum Investment: Retail investors must apply for at least 3200 shares, i.e., ₹2,72,000.
Proposed Listing: BSE SME
Lead Manager: Sun Capital Advisory Services Pvt Ltd
Registrar: KFin Technologies
