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The SME segment will see Balaji Valve Components, Sameer Agro and Infra, AIK Pipes, Akanksha Power, HRH Next Services, Manoj Ceramic and Kay Cee Energy debut on the SME platforms of both the exchanges.
As many as 12 companies raised Rs 8,931.69 crore through initial share sales this month, making it the best IPO month in two years. The previous best was December 2021, when 11 companies mopped up Rs 9,534 crore through Initial Public Offerings (IPOs). As per an analysis, 12 companies hit the
Electro Force (India) Limited IPO, worth ₹80.68 crore, consisted of a fresh issue of 6,000,000 equity shares and an offer for sale component.
The IPO of Credo Brands received a healthy response from investors with nearly 52 times subscription. The QIB portion of the IPO was booked 104 times, followed by NIIs at 55.52 times.
The Rs 550-crore public issue was subscribed 51.85 times during December 19-21. Qualified institutional buyers bought 104.95 times the portion set aside for them