IPO Action: Five SME IPOs to Open This Week as Three Listings Line Up

Mumbai, November 24: The Indian IPO market is headed for a busy week as five SME IPOs will launch this week for subscription. There will be no mainboard IPO issue this week. Together, the five SME IPOs will look to raise ₹171 crore.

SSMD Agrotech India IPO to Open First

SSMD Agrotech will open its IPO on November 25. It is looking to raise ₹34 crore. It has revised its price band to ₹114 to ₹121 per share. SSMD Agrotech India is a fast-growing Indian Fast-Moving Consumer Goods (FMCG) and agro-food products company

Mother Nutri Foods and K K Silk Mills IPO Follow on November 26

Mother Nutri Foods and K K Silk Mills will open their IPOs on November 26. Mother Nutri Foods IPO has an issue size of ₹39.60 crore, with a price band of ₹111 to ₹117 per share. On the same day, K K Silk Mills will launch its ₹28.5 crore issue with a price band of ₹36 to ₹38 per share.

Purple Wave Infocom and Exato Technologies IPO Opens on November 28

Purple Wave Infocom and Exato Technologies will launch their IPOs on November 28. Purple Wave Infocom is looking to raise ₹31.45 crore with a price band of ₹120 to ₹126 per share. Exato Technologies is looking to raise ₹37.45 crore with a price band of ₹133 to ₹140 per share.

Three Market Debuts Scheduled This Week

Apart from the five SME IPOs opening this week, three IPOs will list on stock exchanges. Excelsoft Technologies will list on November 26, Sudeep Pharma will list on November 28, and Gallard Steel will list on November 26.

The busy week gives investors several SME IPOs to choose from, allowing them a way to diversify their investment across sectors. However, it is important to analyse all the IPOs before investing for an informed investment approach.

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