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With the upper band of the issue price, the firm will raise around 143.81 crore and the company valued at Rs 267.33 crore.

IBL Finance IPO: he stock opened at Rs 56 against the issue price of Rs 51 on the NSE SME platform

Nova AgriTech IPO, which will open for subscription from January 22 to January 24, is looking to sell shares at Rs 39-41 apiece. The company plans to raise Rs 112 crore through a fresh equity issue and an offer for sale (OFS) of 77.5 lakh shares. The allocation for qualified institutional buyers (QIBs) is at 50%, for non-institutional investors (NIIs) at 15%, and for retail investors at 35%. Nova AgriTech's revenue in FY23 was Rs 210 crore with a profit of Rs 20.48 crore.

The share allotment for the SME IPO of New Swan Multitech will be finalised today. Investors will get shares on a lottery basis. They can check the allotment status through the BSE or by visiting the official website of the registrar. The SME IPO of New Swan Multitech was subscribed 380 times at close. The category reserved for retail investors was subscribed 388 times and the NII portion was booked 730 times. The shares will likely get listed on January 18.

Maxposure IPO opened for subscription and is garnering a bumper response from investors. The issue, which closes on January 17, was booked 24 times on the first day of bidding. The IPO is a fresh equity issue of up to 61.4 lakh shares, priced at Rs 31-33 apiece. For the period ended September 2023, Maxposure recorded revenues of Rs 20.16 crore and a net profit of Rs 3.70 crore. The net proceeds from the public offer will be used for various purposes including working capital requirements and debt repayment.