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The SME IPO of MVK Agro Food Product opens for subscription today to raise about Rs 66 crore. It operates a sugar unit in Nanded, Maharashtra and offers 54.9 lakh shares at Rs 120 apiece, with revenues of Rs 60.12 crore and net profit of Rs 4.3 crore.
Around six new initial public offerings (IPO), including three in mainboard and three small and medium enterprise (SME), are set to hit Dalal Street in the upcoming week.
The stock of Euphoria Infotech India on Tuesday was listed at a premium of 90% over the issue price of Rs 100, making a strong debut at Rs 190 on the BSE. The stock went on to hit the day's high of Rs 199.50.
Euphoria Infotech IPO: The stock opened at Rs 190 against the issue price of Rs 100 on the BSE SME
The share allotment for Euphoria Infotech India's IPO has likely been finalized. Investors can check the allotment status on the BSE website using their application number or PAN number. The IPO was subscribed 364.71 times, with the retail portion oversubscribed 426.65 times and the non-institutional investors' quota oversubscribed 237.99 times.