SME IPOs reach all-time high in September

In September, a record number of small and mid-sized enterprises went public, with 37 companies raising over Rs 1000 crore, the highest since SME IPOs began in 2012, as per Prime Database data.
In the current year, 136 companies have launched SME IPOs, raising around Rs 3,457 crore. During the month of September, there was a record-breaking surge in initial public offerings (IPOs) for small and mid-sized enterprises (SMEs), coinciding with a flourishing mid- and small-cap stock rally. In September, a record number of small and mid-sized enterprises went public, with 37 companies raising more than Rs 1,000 crore, the highest since SME IPOs began in 2012, as per Prime Database data. In the current year, 136 companies have launched SME IPOs, raising around Rs 3,457 crore.
Among these SMEs, around 16 have already been listed, and 21 are yet to be listed. Of the listed firms, Kundan Edifice Ltd had a negative listing day, while Unihealth Consultancy Ltd and Master Components Ltd opened flat. On the positive side, Basilic Fly Studio Ltd saw a remarkable 193 percent surge on the listing day, and Meson Valves India Ltd advanced by nearly 99 percent on its listing day.
Analysts said SME IPO’s will continue to hit the market given the overall market strength and see good response from investors given reasonable valuations and excellent returns.
“It is a gateway to bet on the “Emerging India ” story. However, investors need to differentiate between real growth and quality from fads. SEBI’s ASM framework would help keep manipulation and price rigging in check and discourage promoters from listing stocks with the objective to rigging prices”, said Shrey Jain, Founder & CEO, SAS Online – a deep discount stock brokerage platform.
Share this post
-
The trading slowdown: Cash & F&O turnover hit multi-month lows
November 28, 2024
-
Think largecap investing, think Exchange Traded Funds
July 20, 2024
South Asian Stocks Ltd. : NSE Member Code 09073, BSE Member Code 6329, MCX Member Code : 55215 , NCDEX Member Code : 1233 NSDL : IN-DP-474-2020 . SEBI Registration No. INZ000164738
Compliance Officer: NSE,BSE,MCX,NCDEX,NSDL : Mr RK Jain , 011-40409999 support@stocko.in
Registered Office : 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi – 110092
For any complaints related to South Asian Stocks Ltd email at complaints@stocko.in
Please ensure you carefully read the risk Disclosure Document.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective communication, Speedy redressal of the grievances