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Growing retail investor confidence drives strong interest in SME IPOs. Companies like Australian Premium Solar and Pratham EPC Projects witness substantial gains post listing. However, caution is advised, as some companies like MVK Agro Food Product are trading below issue price.
Investors in SME IPOs see massive returns in 10-15 days, prompting exchanges to tighten norms for protection.
Winsol Engineers IPO: The IPO will close for subscription on May 9 and the allotment of shares is likely to be finalised on May 10.
Storage Technologies and Automation IPO allotment: For those who have applied for the IPO, you can check the status on BSE and the registrar of the IPO.
Refractory Shapes IPO aims to raise Rs 18.6 crore, listing on NSE SME platform. Subscription from tomorrow to May 9. Offers various refractory products like bricks, castables, and ceramic balls.