Following the highly anticipated IPO of Ather Energy Ltd. last week, the upcoming week is predicted to be relatively calm, with only two SME companies set to launch their initial public offerings. Additionally, there are no forthcoming mainboard IPOs scheduled.
The two companies, Manoj Jewellers Ltd. and Srigee DLM Ltd., will begin their IPOs on Monday. Currently, Wagons Learning Ltd. and Kenrik Industries Ltd. are the active SME IPOs.
The IPO market has experienced a notable slowdown over the last three months. This reduction is primarily due to the tariffs imposed by US President Donald Trump, alongside a wider decline in global markets, which has led to a pause in new listings.
Manoj Jewellers IPO
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IPO opens: May 5.
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IPO closes: May 7.
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Issue size: 30 lakh shares (totaling up to Rs 16.20 crore).
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Fresh issue: Rs 16.20 crore.
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Tentative allotment date: May 8.
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Tentative listing date: May 12.
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Face value: Rs 10 per share.
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Lot size: 2,000 shares.
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Issue type: Fixed price IPO.
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Listing platform: BSE SME.
About Manoj Jewellers
Established in 2007, Manoj Jewellers Ltd. specializes in retailing a diverse range of jewellery and ornaments crafted from gold and diamonds, embellished with both precious and semi-precious stones.
The company is particularly recognized for its extensive collection of gold jewellery, which includes earrings, rings, necklaces, bracelets, and pendants.
The book-running lead manager for the IPO is Jawa Capital Services Pvt., while Skyline Financial Services Pvt. serves as the registrar for the issue. The market maker for this IPO is Shreni Shares Ltd.
Srigee DLM IPO
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IPO opens: May 5.
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IPO closes: May 7.
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Issue size: 17.15 lakh shares (totaling up to Rs 16.98 crore).
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Fresh issue: Rs 16.98 crore.
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Price band: Rs 94-99 per share.
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Tentative allotment date: May 8.
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Tentative listing date: May 12.
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Face value: Rs 10 per share.
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Lot size: 1,200 shares.
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Issue type: Book building IPO.
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Listing platform: BSE SME.
About Srigee DLM
Srigee DLM specializes in design-led manufacturing and assembly services, focusing on plastic injection molding, tool room and die manufacturing, mobile phone sub-assembly, and polymer compounding and trading.
Founded in December 2005 as Srigee Enterprises Pvt., the company serves various industries including consumer durables, home appliances, automotive components, and electronics, providing high-quality, cost-effective, and reliable manufacturing solutions to major original equipment manufacturers.
The book-running lead manager for the IPO is GYR Capital Advisors Pvt., while Bigshare Services Pvt. acts as the registrar for the issue. The market maker for this IPO is Globalworth Securities Ltd.
Read more on IPOs by Newsstate24 Profit.
