IPO Roundup: Denta Water IPO Sees 221x Subscription; EMA Partners Lists at 26% Premium
The primary market remained abuzz today with the opening of two new SME initial public offerings (IPOs), while two others closed with impressive subscription figures. Here’s a look at the major developments in the IPO market on Saturday, January 25:
HM Electro Mech IPO Sees Strong Opening
The IPO of HM Electro Mech Ltd opened today with robust investor demand. The BSE SME issue was subscribed nearly 8 times on Day 1, with the retail portion booked 14 times and the non-institutional investors (NII) segment subscribing more than 4 times.
- Issue Size: ₹27.74 crore (36.99 lakh fresh shares)
- Price Band: ₹71 – ₹75 per share
- Lot Size: 1,600 shares
- Bidding Close Date: January 28, 2025
- Allotment Date: January 29, 2025
- Listing Date: January 31, 2025 on BSE SME platform
Also Read:- https://ipofront.in/exciting-ipos-to-watch-out-for-this-week/
GB Logistics Commerce IPO Gains Momentum
The IPO of GB Logistics Commerce Ltd also witnessed a solid start, attracting investors across categories. By market close, the BSE SME issue was subscribed nearly 6 times, with the retail segment subscribing over 6 times, NII over 3 times, and QIBs over 7 times.
- Issue Size: ₹25.07 crore (24.58 lakh shares)
- Price Band: ₹95 – ₹102 per share
- Lot Size: 1,200 shares
- Bidding Close Date: January 28, 2025
- Allotment Date: January 29, 2025
- Listing Date: January 31, 2025 on BSE SME platform
CLN Energy IPO Picks Up Steam on Day 2
The SME IPO of CLN Energy Ltd, valued at ₹72.30 crore, witnessed increased demand on its second day. The issue was subscribed nearly 3 times, with retail investors oversubscribing their quota by over 3 times, and NIIs also showing similar interest. The QIB segment achieved full subscription.
- Price Band: ₹235 – ₹250 per share
- Lot Size: 600 shares
- Bidding Close Date: January 27, 2025
- Listing Date: January 30, 2025 on BSE SME platform
Denta Water & Infra Solutions IPO Closes with Exceptional Demand
The ₹220.5-crore mainboard IPO of Denta Water & Infra Solutions Ltd concluded today on a high note, being oversubscribed by a staggering 221.5 times. The retail portion was booked 90 times, while NIIs outperformed expectations with a whopping 507 times oversubscription. QIBs subscribed their quota 237 times.
- Price Band: ₹279 – ₹294 per share
- Lot Size: 50 shares
- Listing Date: January 29, 2025 on BSE and NSE
Also Read:- https://ipofront.in/denta-water-and-infra-solutions-ipo-analysis-should-you-apply/
Rexpro Enterprises IPO Ends with Strong Demand
The NSE SME IPO of Rexpro Enterprises Ltd, valued at ₹53.65 crore, also closed with a decent overall subscription of 18.23 times. The retail segment saw higher demand with 27.11 times, while the NIIs segment was subscribed 8.32 times.
- Offer Price: ₹145 per share
- Lot Size: 1,000 shares
- Listing Date: January 29, 2025 on NSE Emerge platform
EMA Partners Makes a Strong Market Debut
Shares of EMA Partners, an SME firm, listed today on the NSE Emerge platform at an impressive 26% premium, opening at ₹156.5 per share compared to the issue price of ₹124.
The SME issue, which was open for subscription between January 17 to January 21, was oversubscribed by a remarkable 221 times, reflecting strong investor confidence.
Market Outlook
With SME IPOs continuing to generate significant investor interest, the primary market remains in focus. Investors are closely watching listing performances and future offerings as companies seek to capitalize on the current market sentiment.
Stay tuned for further updates and insights into the IPO landscape.
