Upcoming SME IPO Wrap (March & April) 2024

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The Indian investment landscape is constantly evolving, and one avenue that has gained significant popularity in recent years is SME IPOs. SME IPOs, also known as Small and Medium Enterprise Initial Public Offerings, provide individuals with the opportunity to invest in the growth of small businesses. In this blog, we will discuss the upcoming SME IPOs in March and April 2024. 

Investing in SME IPOs presents a lucrative opportunity for investors due to the high growth potential of these companies. This avenue enables investors to diversify their portfolios and provides them access to emerging industries.

7 Upcoming SME IPOs in March and April 2024

Here is the list of SME IPOs that are going to launch soon in 2024:

  • Aluwind Architectural Limited IPO

Aluwind Architectural Private Limited was incorporated as a private limited company on April 22nd, 2003, under the Companies Act, 2013, to take over the business of M/s. Alu-Wind Industries. It now operates as a public limited company by the name of Aluwind Architectural Limited. The company is involved in the manufacturing of aluminium windows and glass facades. It has its registered office at 604, Palm Spring Centre, Link Road, Malad (West), Mumbai City, Maharashtra, India. The company's founder, Mr. MM Kabra, has played a significant role in the company's success.

Now, the company is all set to launch its IPO in March 2024. The total aggregate issue size is Rs. 29.70 crores and the application process will be open from March 28th, 2024 to April 4th, 2024. The issue price is Rs. 45 per share and the shares will be listed on the NSE SME Exchange on April 9th, 2024.

  • Creative Graphics Solutions India Limited IPO

Deepanshu Goel established Creative Graphics in India in 1998. The company is a leading pre-press trade shop that prides itself on delivering exceptional quality and ensuring complete customer satisfaction. Thanks to its unwavering commitment to quality and excellent customer service, Creative Graphics has the full support of global suppliers like Dupont, Esko, and others. The company has received numerous awards and worldwide recognition for its hard work. With a state-of-the-art infrastructure and a highly motivated and skilled team, Creative Graphics has overcome many challenges and achieved groundbreaking innovations for its customers.

Creative Graphics Solutions has now come up with its IPO, subscription period starting from March 28th, 2024. The price band will range from Rs. 80 to Rs.85 and the listing will be done on April 9th, 2024. The company is planning to raise a total aggregate of Rs. 54.40 crores from this IPO.

  • Jay Kailash Namkeen Limited IPO

Jay Kailash Namkeen is a well-known manufacturer and supplier of roasted namkeen and fried snacks. The company was established in 2013 as a sole proprietorship-based firm. It offers a wide range of products such as Chana Jor Garam Namkeen, Dabela Vatana Namkeen and more. The company never compromises on quality with all its products going through rigorous testing before the final delivery.

It is now set to launch its IPO on the BSE SME Exchange with its subscription opening on March 28th, 2024. This IPO will come with a total aggregate issue size of Rs. 11.93 crores. Its application process will close on April 3rd, 2024. Interested investors can apply for the same within the price range of Rs. 70 to Rs. 73.

  • K2 Infragen Limited IPO

K2 Infra is an Indian project management company, run by professionals with extensive experience in project and power management. The company has strong financial backing and a workforce with over 70 years of combined experience in handling large and complex projects, including those in some of India's most remote and challenging areas.

K2 Infragen is launching its IPO with a total aggregate issue size of Rs. 40.54 crores and a price band ranging from Rs. 111 to Rs. 119. The application process will be open from March 28th, 2024 to April 3rd, 2024. The company will list the shares on the NSE SME Exchange on April 8th, 2024.

  • Yash Optics & Lens Limited IPO

Yash Optics and Lens Limited is an optical and lens company from India that specialises in manufacturing optical lenses. With over 24 years of experience, Yash O&L delivers hi-tech digital vision healthcare solutions. The company has a team of more than 350 members who have created over 10.4 million satisfied customers through dedicated hard work and customer service.

The bidding for Yash Optics will start on March 27th, 2024 and will be open to receive applications till April 3rd, 2024. Its IPO will have a total aggregate issue size of Rs. 53.15 crores. Investors can bid for a price between Rs. 75 to Rs. 81. The listing will be done on the NSE Emerge on April 8th, 2024.

  • Radiowalla Network Limited IPO

Radiowalla, established in 2010, is a trusted partner of the retail industry that collaborates with over 500+ retailers across 10 countries. It is widely known as one of the top 10 in-store radio companies globally by ‘Venture Radar’ and has won the Indian Content Leadership Award for the Best Business/Financial Content on Radio & Podcast.

The company is set to open the application process on March 27th, 2024 which will continue till April 2nd, 2024. The IPO will have a price range set at Rs. 72 to Rs. 76 with a total issue size of Rs. 14.25 crores. The listing will take place on April 5th, 2024 on the NSE Emerge.

  • TAC Infosec Limited IPO

The leaders of TAC Security, a startup in the cybersecurity industry, have a common objective of securing cyberspace, which makes them an unstoppable force. In the world of cybersecurity, TAC Security is now one of the most popular startups, having achieved success within just 6 years of its establishment.

TAC Infosec is launching its IPO on the NSE Emerge in April 2024 with a total aggregate issue size of Rs. 29.99 crores. The application process will start on March 27th, 2024 and will be open till April 2nd, 2024. The price band ranges from Rs. 100 to Rs. 106 and the listing will be done on April 5th, 2024.

Final Word

Investing in SME IPOs can be a rewarding opportunity for individuals looking to diversify their investment portfolios and participate in the growth journey of small businesses. The upcoming SME IPOs in March and April 2024 presented investment opportunities across a wide range of sectors, including technology, consumer goods, retail and cybersecurity. 

As with any investment, it is essential to conduct thorough research and assess the potential risks and rewards before making any investment decisions. We, at Bajaj Broking, have a dedicated online trading platform for applying to the upcoming IPOs. You can access all the IPO-related updates directly from our website and if you do not have a demat account, you can open one for free from our platform.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only.

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Frequently Asked Questions

Are SME IPOs riskier than large-cap IPOs?

Answer Field

While SME IPO may carry a higher level of risk compared to large-cap IPO, it also offers the potential for higher returns. It is important to conduct proper due diligence and assess the financial health, growth prospects, and market dynamics of the SME before investing.

How can one invest in SME IPOs?

Answer Field

Investors can participate in IPOs through their brokerage accounts. You can consider Bajaj Brokings' online trading platform to invest in the upcoming SME IPOs in 2024. The process typically involves submitting an application for shares during the IPO open period and completing the necessary paperwork and payment.

What factors should one consider before investing in an SME IPO?

Answer Field

Some key factors to consider before investing in an SME IPO include the company's financial performance, business model, growth prospects, competitive landscape and management team. It is also prudent to assess the overall market conditions and investor sentiment.

Can one sell SME IPO shares immediately after listing?

Answer Field

While it is possible to sell SME IPO shares immediately after listing, it is generally advisable to hold the investment for a certain period to evaluate the company's performance and market dynamics. Only after thorough analysis, should you decide whether to sell or hold your investment.

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