After a lot of action last week, the coming week starting from December 4 will be a quiet period for the mainboard segment, while the action will continue in the SME (small and medium enterprise) part.
Two new public issues will hit Dalal Street in the SME space next week, with Sheetal Universal opening its IPO on December 4 and closing on December 6. It is a fixed price issue, having offer price at Rs 70 per share.
The Gujarat-based food processing and exporting company intends to raise Rs 23.8 crore via public issue of 34 lakh equity shares comprising only a fresh issue component. The funds, excluding issue expenses, will be utilised mainly for capital expenditure, and working capital requirements, besides general corporate purpose.
Accent Microcell will be another maiden public issue opening for subscription during December 8 and December 12, with a price band at Rs 133-140 per share.
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The Ahmedabad-based cellulose-based excipients manufacturer aims to mobilise Rs 78.4 crore via IPO of 56 lakh equity shares. The offer consists of only a fresh issue portion.
The firm will make use of net issue proceeds for setting up a plant at Navagam Kheda for manufacturing croscarmellose sodium (CCS), sodium starch glycolate and carboxymethylcellulose (CMC), and general corporate expenses.
Meanwhile, Net Avenue Technologies that operates online digital direct-to-consumer business for Indian ethnic wear and accessories will be closing its Rs 10.25-crore public issue on December 4, with a price band at Rs 16-18 per share. The issue has been subscribed 50.17 times till the second day of bidding on December 1.
Also read: Kross files draft papers with Sebi to raise Rs 500 crore via IPO
The Rs 53.41-crore offer by New Delhi-based advertising and communications agency Graphisads will close next week on December 5. It was subscribed 1.09 times during last two days.
Navi Mumbai-headquartered Marinetrans India, which is engaged in the business of sea freight forwarding, will also close the subscription for its Rs 10.92-crore IPO on December 5. The offer was booked 3.38 times till December 1.
On the listing front, PET bottles and PET preforms manufacturing company Swashthik Plascon will debut on the BSE SME on December 7 after raising Rs 40.76 crore via public issue last week. The IPO was subscribed 14.41 times.
Also read: Practro aims profitability next fiscal; plans IPO soon
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