Similar to March, the primary market is likely to remain slow in April. As of now, there are no announcements regarding any mainboard IPOs launching this month.
However, in the SME segment, three companies have their IPOs closing this week.
Investors still have time to participate in these offerings. Below is a summary of these three IPOs.
Legacy Industries IPO
Legacy Industries has launched an SME IPO with a total issue size of ₹15.50 crore.
The company is offering 61.98 lakh shares. The IPO opened on March 27, and investors can apply until April 2.
Price Band: ₹25 per share
Lot Size: 6,000 shares
Minimum Investment: ₹1,50,000
Subscription on Day 1: 0.84 times
Spinaroo Commercial IPO
Spinaroo Commercial is also launching an SME IPO worth ₹10.17 crore. The company is issuing 19.94 lakh shares.
This IPO opened on March 28 and will remain available for investment until April 3.
Price Band: ₹51 per share
Lot Size: 2,000 shares
Minimum Investment: ₹1,02,000
Subscription on Day 1: 16%
Another SME IPO Opportunity
Another SME IPO is offering shares worth ₹24.71 crore. The company plans to issue 31.28 lakh fresh shares. Investors can apply until April 3.
Price Band: ₹75 – ₹79 per share
Lot Size: 1,600 shares
Last Chance for Investors
For those interested in the SME IPO segment, there is still an opportunity to invest before the deadlines. Make sure to review the details and act accordingly.
