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19 Nov 2024
All four SME IPOs—Three M Paper Boards, Prizor Viztech, Sati Poly Plast, and Aelea Commodities—opened today and were fully subscribed within hours. The subscription period for these IPOs closes on July 16.
The Rs 17.36 crore IPO of Sati Poly Plast saw the highest subscription at over 10x. Priced at Rs 123-130 per share, the IPO consists of a fresh equity issue of 13.35 lakh shares. In the unlisted market, Sati Poly Plast's shares have a GMP of Rs 50, suggesting a 39% listing gain. The company manufactures flexible packaging materials for various industries.
Prizor Viztech's Rs 25 crore IPO was subscribed 6.3x. Priced at Rs 82-87 per share, the IPO includes a fresh equity issue of 28.91 lakh shares. The company provides security and surveillance solutions, offering a range of CCTV cameras for various sectors. There is no GMP for Prizor Viztech's shares in the unlisted market.
Three M Paper Boards' IPO was subscribed 3.93x. The shares are priced at Rs 67-69 each, with investors able to bid for 2000 shares in one lot. The company's shares have a GMP of Rs 32 in the unlisted market.
Aelea Commodities' IPO was subscribed 2.49x. The shares are priced between Rs 91-96 per share. The IPO details and performance in the unlisted market were not specified.
These IPOs reflect strong investor interest in SME listings, with significant subscriptions and promising GMP indications for some companies.
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