This week 4 upcoming IPO in the SME are scheduled. These initial public offerings (IPOs) provide investors appealing chances to share in the companies’ growth paths. Investors are invited to participate in these initial public offerings (IPOs) in accordance with SEBI circulars. The IPO market operates from 10:00 a.m. to 5:00 p.m
DCG Cables and Wires Limited IPO:
Scheduled from April 8 to April 10, 2024, DCG Cables and Wires Limited is gearing up to unveil its Initial Public Offering (IPO). DCG’s IPO follows a Fixed Price model, boasting an Issue Price of Rs.100 per Equity Share and a Face Value of Rs.10 per Equity Share. The company aims to introduce 49,99,200 Equity shares to the market, with a minimum order quantity of 1200 Equity Shares and a maximum subscription amount of Rs. 2,00,000 for retail investors.
Teerth Gopicon Limited IPO:
Teerth Gopicon Limited is poised to launch its IPO during the same timeframe, from April 8 to April 10, 2024. Similar to DCG, TGL’s IPO follows the Fixed Price mechanism, with an Issue Price of Rs.111 per Equity Share and a Face Value of Rs.10 per Equity Share. TGL endeavors to offer 39,99,600 Equity shares, with a minimum order quantity of 1200 Equity Shares and a maximum subscription amount of Rs. 2,00,000 for retail investors.
Greenhitech Ventures Limited IPO:
Greenhitech Ventures IPO opening for subscription from April 12, 2024 to April 16, 2024. Valued at ₹6.30 crore, this fixed price issue comprises entirely fresh shares totaling 12.6 lakh. Priced at ₹50 per share, the Greenhitech Ventures IPO is spearheaded by Beeline Capital Advisors Pvt Ltd as the book running lead manager, with Skyline Financial Services Private Ltd assuming the registrar role for the issue.
Ramdevbaba Solvent Limited IPO:
The Ramdevbaba Solvent Limited IPO opening for subscription from from April 15, 2024, to April 18, 2024, a price band of ₹80 to ₹85 per share. The IPO consists of a fresh issue of 5,913,600 shares, aiming to raise ₹50.27 crores. Minimum lot size for an application is 1600 shares, with a minimum investment of ₹136,000 for retail investors. Allotment is expected to be finalized on April 19, 2024, with a tentative listing date on April 23, 2024. Prominent promoters of the company include Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata.
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