Designed by: Mohsin Shaikh
Produced by: Harshita
The initial public offer (IPO) of four companies will open and close this week. These 4 companies include Crayons Advertising, Vasa Denticity, Proventus Agrocom and Hemant Surgical Industries. All of these will be SME IPOs
An Initial Public Offer (IPO) is the first sale of shares to the public by a privately owned company. The companies going public raises funds through IPO for working capital, debt repayment, acquisitions, and a host of other uses
Crayons Advertising IPO is an SME IPO of 6,430,000 equity shares of the face value of Rs 10 aggregating up to Rs 41.80 crore. The issue is priced at Rs 62 to Rs 65 per share. The IPO opened today (May 22), and will close on May 25, 2023
Vasa Denticity IPO is an SME IPO of 4,224,000 equity shares of the face value of Rs 10 aggregating up to Rs 54.07 crore. The issue is priced at Rs 121 to Rs 128 per share. The IPO opens on May 23 and closes on May 25, 2023
Proventus Agrocom IPO is an SME IPO of 902,000 equity shares of the face value of Rs 10 aggregating up to Rs 69.54 crore. The issue is priced at Rs 771 per share. The IPO opens on May 24 and closes on May 26, 2023
Hemant Surgical Industries IPO is an SME IPO of 2,760,000 equity shares of the face value of Rs 10 aggregating up to Rs 24.84 crore. The issue is priced at Rs 85 to Rs 90 per share. The IPO opens on May 24 and closes on May 26, 2023
Infollion Research Services IPO will open next week on May 29, and will close on May 31,2023. It is a SME IPO of 2,616,000 equity shares of the face value of Rs 10 aggregating up to Rs 21.45 crore. The issue is priced at Rs 80 to Rs 82 per share
Meanwhile, the Securities and Exchange Board of India (SEBI) has proposed to reduce the time taken for the listing of shares on the stock exchanges after the closure of IPOs from six days to three days
Sebi has suggested the reduction of the time period from the date of issue closure to the date of listing of shares through public issues from the existing six days to three days (T+3)
The proposed reduction in timelines for listing and trading of shares by SEBI will benefit both issuers as well as investors. Issuers will have faster access to the capital raised thereby enhancing the ease of doing business, while investors will have opportunity for having early credit and liquidity of their investment, said SEBI