As market volatility persists, especially due to ongoing geopolitical tensions, the mainboard IPO segment remains notably quiet. However, the SME (Small and Medium Enterprises) market continues to show resilience, with multiple IPOs opening for subscription and new listings scheduled this week.

SME IPO Market Stays Active as Mainboard Remains Quiet

As market volatility persists, especially due to ongoing geopolitical tensions, the mainboard IPO segment remains notably quiet. However, the SME (Small and Medium Enterprises) market continues to show resilience, with multiple IPOs opening for subscription and new listings scheduled this week.

Integrity Infrabuild Developers IPO Launch

Integrity Infrabuild Developers, a Mumbai-based company, is set to open its fixed-price SME IPO on May 13. The company aims to raise ₹12 crore by offering 12 lakh equity shares at ₹100 each. This is a 100% fresh issue, with the subscription window closing on May 15. The allotment is expected by May 16, and the shares are scheduled to debut on the NSE SME platform on May 20. Aryaman Financial Services is acting as the lead manager for this IPO, while Aryaman Capital Markets serves as the market maker.

Accretion Pharmaceuticals IPO Opens

Another notable entrant this week is Accretion Pharmaceuticals, which will launch its SME IPO on May 14. The company seeks to raise ₹29.75 crore through a fresh issue of 29.46 lakh shares, priced between ₹96 and ₹101 per share. The IPO will close on May 16, with allotment likely on May 19 and a tentative listing date of May 21. Jawa Capital Services is managing this issue, and Gretex Share Broking is the market maker.

Ongoing IPO This Week

In addition to above, Virtual Galaxy Infotech’s IPO, which opened on May 9, is still ongoing. The tech-focused SME is looking to raise ₹93.29 crore, with a price band of ₹135 to ₹142 per share. This IPO closes on May 14, and the company is expected to list on the NSE SME platform on May 19. Smart Horizon Capital is the lead manager, with Alacrity Securities as the market maker. Two SME companies, Manoj Jewellers and Srigee DLM, are set to make their market debut on May 12. Both companies will be listed on the BSE SME platform, marking a busy week for new SME entrants.

Conclusion

Despite the silence from the mainboard IPO market, the SME IPO segment remains active, providing investment opportunities even as larger IPOs await more stable market conditions. This ongoing activity demonstrates the resilience and growth potential of smaller companies in India’s dynamic market environment. For investors willing to explore beyond the mainboard, the SME IPO space offers a promising landscape, reflecting the strength and entrepreneurial spirit of India’s emerging businesses.

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