Monika Alcobev share price: The listing is more or less at par with grey market estimates.
In the current calendar year, more than 20 firms have listed in the SME segment, with 10 trading below their issue price and five almost unchanged
The SME IPO Index has risen in 14 of the past 16 sessions, gaining 18.4 per cent from November 18 to date and has achieved a record-high closing level.
Sebi's consultation paper noted that investor participation has increased with the rising number of SME offerings. Applicant to allotted investor ratio rose from 4x in FY22 to 46x in FY23, and further to 245x in FY24.
Vijay Kedia believes that a market correction has been on the horizon, but the flow of money has not been allowing any meaningful pullback.
The Nifty continues to move sideways within a narrow range, resisting near the 23,400 zone. Sector-wise, media, PSU banks, energy, infra, and metals were among the major gainers, while FMCG was among the major laggards in trade on June 12. INDIAVIX cool-off to 14.46 levels, indicates less intraday volatility. Across the globe, the Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%. Jerome Powell said, the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels. Moneycontrol's Stacy Pereira speaks with Peter Cardillo from Spartan LLP, Osho Krishan, Sr. Analyst, Technical & Derivative Research at Angel One Ltd and Kunal Valia, Founder Stat Lane on Opening Bell.
SME stocks are seen outperforming the markets with BSE SME IPO index trading at life highs after gaining by 47 percent on year to date basis. In last one year, BSE SME IPO index rose by 170 percent.
SME listed stocks are seen outperforming the key benchmark indices in CY24 even after SEBI cautioned about possibilities of some froth in small caps and SME market segment.
Meson Valves shares are up by 17 percent on YTD basis. Since listing Meson Valves shares have gained by 237 percent. Meson Valves was listed on BSE SME platform in September 2023.
The shares will be issued in a price band of around Rs 80-85 a share. The company plans to use a part of the proceeds to set up a new plant
The company had a stellar listing in March this year when the shares of Owais Metal soared by 187.36 percent on the listing day.Owais IPO was oversubscribed by 221.18X with retail portion being oversubscribed by 248.50x and HNI/NII portion by 329.36x.
Comrade Appliances, Arrowhead Seperation Engineering, Shri Balaji Valve Components and Innovatus Entertainment Networks sank up to 12 percent
Spectrum Electrical Industries shares have surged a whopping 838 percent in the past one year and is trading at a PE of 190.
Since it's an SME IPO, one lot for retail investors entails 2,000 shares meaning minimum investment of Rs 1.08 lakh