4 SME IPOs Closing Tomorrow: Should You Subscribe?
Nexxus Petro Industries | Forge Auto International | Sahasra Electronics Solutions | Divyadhan Recycling Industries
As the stock market continues to attract attention from retail investors, several Small and Medium Enterprises (SMEs) are making headlines with their upcoming Initial Public Offerings (IPOs). Four notable IPOs are set to close tomorrow: Nexxus Petro Industries, Forge Auto International, Sahasra Electronics Solutions, and Divyadhan Recycling Industries. If you’re considering investing, here’s a closer look at each of these offerings and some factors to weigh before making a decision.
1. Nexxus Petro Industries
Overview
Nexxus Petro Industries specializes in the production and distribution of petrochemical products. With increasing demand for sustainable alternatives and a focus on innovation, the company is positioning itself to tap into the growing market.
IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Face Value | ₹10 per share |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| GMP | ₹ 0 |
2. Forge Auto International
Overview
Forge Auto International is engaged in the manufacturing of automotive components, catering to both domestic and international markets. As the automotive industry evolves with electrification, this company aims to be at the forefront.
IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 102 to ₹ 108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,880,000 shares (aggregating up to ₹31.10 Cr) |
| GMP | ₹ 25 |
3. Sahasra Electronics Solutions
Overview
Sahasra Electronics Solutions focuses on the design and manufacture of electronic devices and systems, serving various sectors, including consumer electronics and industrial applications.
IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 269 to ₹ 283 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 6,578,000 shares (aggregating up to ₹186.16 Cr) |
| GMP | ₹ 198 |
4. Divyadhan Recycling Industries
Overview
Divyadhan Recycling Industries is dedicated to sustainable waste management and recycling solutions. As environmental concerns gain prominence, the company is poised to benefit from increased focus on recycling practices.
IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 60 to ₹ 64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| GMP | ₹ 0 |
Should You Subscri
Before deciding whether to subscribe to these SME IPOs, it’s essential to conduct thorough research and assess your risk tolerance. Each of these companies offers unique growth opportunities but comes with its set of challenges. If you believe in the potential of the sectors they operate in and are prepared for the associated risks, these IPOs could be a worthwhile addition to your investment portfolio. Always consider consulting a financial advisor to align your investment choices with your overall financial goals.