Two companies from the SME segment are launching their IPOs in the primary market today. One of them is K K Silk Mills Limited. Here are the details of both IPOs.
K K Silk Mills Limited IPO
The company is launching an IPO worth ₹28.50 crore, consisting entirely of 7.5 million fresh shares.
The IPO opens for retail investors on November 26 and will remain open until November 28.
Price Band: ₹36 to ₹38 per share
Lot Size: 3,000 shares
Minimum Investment: Retail investors must buy at least 2 lots (6,000 shares), which requires a minimum investment of ₹2.28 lakh.
Grey Market Premium (GMP)
Despite changing market conditions, the IPO was trading at a ₹6.5 premium in the grey market, suggesting a potential listing gain of ₹17.11 per share.
Based on this, investors could earn around ₹19,500 on two lots at the time of listing.
Mother Nutri Foods IPO
This IPO is also open from November 26 to November 28.
The company’s IPO size is ₹39.59 crore, which includes 2.7 million fresh shares and 70,000 shares through an Offer for Sale (OFS).
Price Band: ₹111 to ₹117 per share
Lot Size: 1,200 shares
Minimum Investment: Retail investors must bid for at least 2 lots (2,400 shares), requiring a minimum investment of ₹2,80,800.
The IPO opened for anchor investors on November 25, and the company raised ₹10.99 crore from them.
In the grey market, the IPO was trading at a ₹0 premium.
