All You Need to Know About Upcoming SME IPOs

3 June, 2024

Summary :

Ready to invest? Explore the latest SME IPOs for potential growth opportunities! 3C IT Solutions & Telecoms (India) Limited, Sattrix Information Security Limited, and Magenta Lifecare Limited are offering exciting prospects for investors. From IT products and services,data security solutions to foam-based products, each IPO brings a unique story and potential for returns. Dive into the details, consider your investment goals, and seize the opportunity to be part of these promising ventures!

3C IT IPO:

1. Issue Details: Rs 11.44 crores fixed-price issue, a fresh issue of 17 lakh shares offer for sale of 5 lakh shares.
2. Subscription Dates: June 4 to June 7, 2024.
3. Allotment & Listing: Expected allotment on June 10, 2024, listing on BSE SME tentatively on June 12, 2024.
4. Price Band: ₹52 per share.
5. Minimum Lot Size: 2000 shares, requiring ₹104,000 for retail investors.
6. Lead Manager: Kreo Capital Pvt Limited.

SattrixIPO:

1. Issue Details: Rs 21.78 croresfixed-price issue,entirely a fresh issue of 18 lakh shares.
2. Subscription Dates: June 5 to June 7, 2024.
3. Allotment & Listing: Expected allotment on June 10, 2024, listing on BSE SME tentatively on June 12, 2024.
4. Price Band: ₹121 per share.
5. Minimum Lot Size: 1000 shares, requiring ₹121,000 for retail investors.
6. Lead Manager: Isk Advisors Pvt Ltd.

Magenta LifecareIPO:

1. Issue Details: Rs 7 crores fixed-price issue, entirely a fresh issue of 20 lakh shares.
2. Subscription Dates: June 5 to June 7, 2024.
3. Allotment & Listing: Expected allotment on June 10, 2024, listing on BSE SME tentatively on June 12, 2024.
4. Price Band: ₹35 per share.
5. Minimum Lot Size: 4000 shares, requiring ₹140,000 for retail investors.
6. Lead Manager: Fedex Securities Pvt Ltd.

Conclusion:

These SME IPOs present exciting investment opportunities across various sectors. However, investors should conduct thorough due diligence, considering financials, market prospects, and company fundamentals before making investment decisions. With careful analysis, investors can capitalize on these offerings and potentially reap significant rewards in the evolving market landscape.

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Disclaimer: Investment in Initial Public Offerings (IPOs) is subject to market risks. Read all documents carefully before investing.

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