SME IPO Activity Heats Up Next Week While Mainboard Remains Quiet
The week beginning February 2 is expected to be relatively subdued on the mainboard initial public offering (IPO) front, with no significant large-scale offerings opening for subscription. However, investor attention will shift decisively towards the small and medium enterprise (SME) segment, where three companies are gearing up to launch their public issues. This shift underscores the vibrant activity in the smaller issue category, which continues to attract participation from a diverse range of investors.
Three SME IPOs Set to Open for Subscription
In addition to these fresh offerings, the market will witness six SME listings across the BSE SME and NSE SME platforms, ensuring that the momentum in this segment remains robust. This dual focus on new issues and listings highlights the growing importance of SMEs in India's capital markets landscape.
NFP Sampoorna Foods IPO Details
The IPO of NFP Sampoorna Foods is scheduled to be available for subscription from February 4 to February 6. The company plans to raise ₹24.53 crore entirely through a fresh issue of 44.60 lakh shares, with no offer for sale component involved. The price band has been fixed between ₹52 and ₹55 per share. Retail investors must note that each lot consists of 2,000 shares, requiring a minimum application of two lots, or 4,000 shares.
Proceeds from the issue will be allocated towards working capital requirements, repayment of borrowings, and general corporate purposes. NFP Sampoorna Foods operates in the dry fruits processing and trading sector, handling products such as cashew nuts, almonds, makhana, and walnuts. The company's integrated operations span procurement, processing, packaging, marketing, and distribution through B2B, B2C, and institutional channels. To maintain cost efficiency, it sources raw cashew nuts directly from selected farms in African nations and from registered domestic importers.
Grover Jewells IPO Overview
Grover Jewells is also set to open its IPO from February 4 to February 6, with a price band of ₹83 to ₹88 per share. The company aims to mobilise ₹33.83 crore through a fresh issue of 38.44 lakh shares. For retail investors, a single lot comprises 1,600 shares, necessitating a minimum bid of 3,200 shares.
Funds raised will be utilised to meet working capital needs and for general corporate purposes. Grover Jewells specialises in the wholesale gold jewellery segment, focusing on designing and manufacturing plain gold, studded, and semi-finished jewellery for the wholesale market.
Biopol Chemicals IPO Insights
Biopol Chemicals will open its book-built IPO from February 6 to February 10, featuring a price band of ₹102 to ₹108 per share. Retail investors must apply for a minimum of 2,400 shares. The company targets raising ₹31.26 crore through a fresh issue of 28.94 lakh shares.
The proceeds are earmarked for acquiring industrial land, repaying debt, and meeting general corporate requirements. Biopol Chemicals operates in the speciality chemicals domain, engaging in manufacturing, trading, and distributing products across emulsifiers, silicones, biochemicals, and polyelectrolytes. Its extensive portfolio includes 66 products, comprising 40 silicone-based items, 15 biochemical products, 6 polyelectrolyte offerings, and 5 emulsifier-based solutions.
Six SME Listings to Watch
Beyond the new IPO openings, several SME counters are preparing for their stock market debut in the coming days, adding to the week's activity:
- Hannah Joseph Hospital is slated to kick off the listing calendar, with its shares expected to start trading on the BSE SME platform on February 1.
- Kasturi Metal Composite follows, lined up for listing on February 3.
- Listing momentum picks up on February 4, when Msafe Equipments, Accretion Nutraveda, and Kanishk Aluminium India are all set to make their debut on the BSE SME exchange.
- The final listing of the week is scheduled for February 6, when CKK Retail Mart is likely to commence trading on the NSE SME platform.
This flurry of SME activity contrasts with the quiet mainboard scene, highlighting the dynamic nature of India's IPO market. Investors are advised to stay informed and consider these developments as part of their broader investment strategy.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
