Today, March 31, BSE and NSE will launch four initial public offerings (IPOs). The Small and Medium Enterprises (SME) category encompasses all of the IPOs. The NSE Emerge platform will be used to launch Infinium Pharmachem and MOS Utility, two of these initial public offerings. Axicon Events Media Solutions and Sancode Technologies, on the other hand, will launch on the BSE SME platform.
Limited by Infinium Pharmachem: Size, Cost, and Due Date of the Lot: This IPO’s lot size has been set at one thousand shares.
Cost of each offer: The cost of each share has remained unchanged at Rs 135.
Deadline to Apply: The IPO application deadline is April 5.
Total amount of money needed: The company intends to raise Rs 25.25 crore through the IPO, according to its filing with SEBI, the market regulator.
Contract Research and Manufacturing Services (CRAMS) involve Infinium Pharmachem. It gives modified and classified answers for its clients.
According to the company’s website, it offers fully integrated custom services, including R&D and manufacturing on a commercial scale.
It is connected to the pharmaceutical, agrochemical, nutritional, specialty chemical, and other chemical industries, among other fields.
MOS Utility Company: Size, Cost, and Due Date of the Lot: MOS Utility Restricted has set the part size of its Initial public offering at 1,600 offers.
Each share’s price: Investors will pay Rs 72-76 for each share.
Deadline to Apply: The IPO application deadline is April 6.
Total amount of money needed: The largest of the four businesses launching their IPOs today, the company hopes to raise Rs 50 crore through the IPO.
There will be an offer to sell 800,000 shares and a new issue of 5.774 million shares totaling 6.574 million shares.
The business offers digital goods and services. According to the information on its website, it connects with students, housewives, professionals, and insurance agents to assist them in starting their futuristic online e-commerce businesses.
Axicon Occasions Media Arrangements Ltd: Size, Cost, and Due Date of the Lot: The lot size for Axicon Events Media Solutions Limited’s IPO is 2,000 shares.
Cost of each offer: Investors will pay Rs 61-64 for each share.
Deadline to apply: The IPO application deadline is April 5.
Sum total to be raised: The initial public offering (IPO) aims to raise Rs 21 crore through a new offering of 33 lakh shares.
The company offers a comprehensive selection of goods and services for the exhibition, convention, and event industries. According to the company’s website, it is present in over 50 countries and operates in five of them.
Limited by Sancode Technologies: Size, Cost, and Due Date of the Lot: The lot size for the company’s IPO has been set at 3,000 shares.
Each share’s price: Investors will pay Rs 47 for each share.
Deadline to apply: The IPO application deadline is April 6.
Sum total to be raised: The IPO is a new offering of 5.15 million shares with a goal of raising Rs 5.15 million.
Sancode Innovations is a product and item improvement organization giving Programming interface empowered stages and arrangements. In its initial public offering (IPO), it will issue 51.5 million new shares.
How can these IPOs be applied for online?
Connect to your broker’s account.
“Current IPO” should be selected from the IPO tab. Choose the business for which you want to apply now.
Put in how many lots you want to bid on. Choose the bid amount.
Now, press the “Submit” button after entering your UPI ID. Now, approve the UPI ID transaction.
The application funds will be held in reserve until the IPO allocation date.