Upcoming IPOs: More than 5 SME IPOs are coming this week, be ready by keeping money in the bank

SME IPO: This week, there is going to be a slowdown in mainboard IPOs. No new issue of the mainboard segment is going to open during the week starting from Monday. Still, keep money in the bank and be ready because about 8 companies in the SME segment are preparing to launch IPOs.

The SME IPOs that will open for subscription between July 22 and July 26 include companies like RNFI Services IPO, SAR Televenture IPO, VVIP Infratech IPO, VL Infraprojects IPO, Mangalam Infra and Engineering IPO, Chetana Education IPO, Aprameya Engineering and Clinitech Laboratory IPO. Through these issues (SMI IPO), companies can raise a total of more than Rs 400 crore. Let’s know about them

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SAR Televentures IPO

SAR Televentures IPO will open for subscription on July 22 and close on July 24. SAR’s SME IPO is one of the biggest IPOs of the year as the company is looking to raise around Rs 150 crore through the issue. The upcoming IPO includes a fresh issue of 7,142,857 shares. SAR Televentures has fixed the price band of the upcoming issue at Rs 200-210 and investors will be able to bid for 500 shares in one lot. The company’s IPO may be listed on NSE SME.

RNFI Services IPO

RNFI’s IPO may open for subscription on July 22 and close on July 24. The company wants to raise Rs 70.81 crore through this fresh issue. The upcoming IPO includes a fresh issue of 6,744,000 shares. The company has kept the price band for its IPO at Rs 98-105 per share. Investors will be able to bid for 1200 shares in one lot. Its face value is Rs 10 per share. The upcoming IPO is of a book built issue type. The company’s IPO may be listed on NSE SME.

VL Infraprojects IPO

The IPOs of VL Infraprojects along with VVIP Infratech may open for subscription on July 23. These issues will close on July 25. The company has fixed the price band for its IPO at Rs 39-42 per share. It is being told that the company will raise 18.52 crores through the issue. Which may include a fresh issue of 4,410,000 shares. The upcoming IPO is of a book built issue type. The company’s IPO may be listed on NSE SME.

VVIP Infratech IPO

VVIP Infratech SME segment IPO may open for subscription on July 23. These issues will close on July 25. VVIP Infratech has fixed the price band for its IPO at Rs 91-93. The company can launch the issue to raise Rs 61.21 crore. Which will include a fresh issue of 6,582,000 shares. The upcoming IPO is of a book built issue type. The company’s IPO can be listed on NSE SME.

Manglam Infra and Engineering IPO

Mangalam Infra & Engg’s IPO will open for subscription on July 24 and may close on July 26. It is being told that the company will raise Rs 27.62 crore through this issue. Which will include a fresh issue of 4,932,000 shares. The price band of the IPO has been kept at Rs 53-56.

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Chetana Education IPO

Chetna Education’s IPO will be open for subscription from July 24 to July 26. Chetna Education wants to raise Rs 45.9 crore from the public. The upcoming IPO will include a fresh issue of 5,400,000 shares. The price band of the IPO has been fixed at Rs 80-85.

Clinitech Laboratory IPO

Clinitec Laboratory’s IPO may open for subscription on July 25 and it will close on July 29. The price for the IPO has been fixed at Rs 96 per share. It is being told that the company will raise 5.78 crores through this issue. Which will include a fresh issue of 602,400 shares. The upcoming IPO is of fixed price issue type. The company’s IPO may be listed on NSE SME.

Aprameya Engineering and Clinitech Laboratory IPO

The last name in this list of IPOs coming this week is Aprameya Engineering and Clinitech Laboratory. In the SME segment, Aprameya Engineering’s IPO may open for subscription on July 25 and will close on July 29. The company has fixed the price band for its IPO at Rs 56-58 per share. It is being told that Aprameya Engineering will raise 29.23 crores through this issue. Which will include a fresh issue of 5,040,000 shares. The upcoming IPO is of a book built issue type. The company’s IPO can be listed on NSE SME.

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Let us tell you that companies raise two types of funds. One is Initial Public Offer (IPO) and the other is Follow-on Public Offer (FPO). Investors should understand both types of issues. If you do not know, then you can understand the difference between IPO and FPO here. When a company wants to raise money by getting listed in the stock market for the first time, it brings IPO. By doing this, it issues shares for the people for the first time and lists the company’s shares on the stock exchange. Also, the company becomes public and the shares get listed on BSE or NSE. At the same time, when a listed company has to raise money again from the market for its expansion and other needs, it brings FPO. For this, the promoters and big shareholders of the company sell their stake in the market.