Three companies are set to launch their SME initial public offerings (IPOs) this week, aiming to raise a combined total of over Rs 129 crore. Yaashvi Jewellers, SMR Jewels, and Rajnandini Fashion India will open their public offers between May 25 and May 29, with listings scheduled on the BSE SME platform in early June.
Yaashvi Jewellers, based in Jaipur, will open its IPO on May 25 and close on May 27, seeking to raise nearly Rs 44 crore through a fresh issue of shares priced at Rs 83 each. The proceeds will be used for working capital, debt repayment, and general corporate purposes. The shares are expected to be listed on June 2.
SMR Jewels, a Gujarat-based company, will launch its IPO on May 26, closing on May 29, with the aim of raising Rs 67 crore. This includes a fresh issue of Rs 54 crore and an offer for sale of Rs 13.23 crore. The price band is set at Rs 128-135 per share, with a minimum lot size of 1,000 shares. The funds will support the construction of a jewellery studio, debt repayment, and working capital needs, with listing anticipated on June 3.
Rajnandini Fashion India plans to raise over Rs 18 crore from its IPO, open from May 26 to May 29. The garment maker has set a price band of Rs 59-63 per share for its fresh issue, with proceeds earmarked for a new manufacturing facility, debt repayment, and working capital requirements.
In addition to these IPOs, the SME IPOs of Q-Line Biotech, Autofurnish, Bio Medica Laboratories, and MR Maniveni Foods, which opened last week, will close for bidding this week. Meanwhile, the SME listings of NFP Sampoorna Foods, Teamtech Formwork Solutions, and Vegorama Punjabi Angithi are also expected.
Background
The upcoming IPOs highlight the continued interest in SME listings despite current market volatility. Investors will be closely watching these offerings as they assess market conditions and potential returns.
The upcoming IPOs highlight the continued interest in SME listings despite current market volatility. Investors will be closely watching these offerings as they assess market conditions and potential returns.
