The IPO by Namo eWaste Management has garnered significant attention, with a subscription rate of 33.26 times in just two days. Retail investors have shown immense interest, with the retail portion being oversubscribed 50 times. The issue is priced at ₹80-85 per share and commands a Grey Market Premium (GMP) of ₹50.
With the IPO closing today, all eyes are on Namo eWaste’s final subscription numbers. The company is offering a ₹51.20 crore issue that’s been popular due to its affordable pricing and strong investor demand.
For more information on Namo eWaste Management, visit their official website.
Main Points
Mach Conferences and Events IPO: Strong Response with 22.61 Times Subscription
Another major player in the SME IPO segment is Mach Conferences and Events. With an issue size of ₹125.28 crore and a price band of ₹214-225 per share, the IPO has witnessed a 22.61 times subscription rate so far.
The GMP for Mach Conferences IPO is holding strong at around ₹200, indicating solid demand among investors. As bidding concludes today, many market experts are optimistic about Mach Conferences’ listing performance.
My Mudra Fincorp IPO: A Look at Day 1
On its first day of bidding, My Mudra Fincorp’s ₹33.26 crore IPO received 5.79 times bids. The company, offering shares at a price of ₹125 per share, has a GMP of ₹40, showing early signs of strong investor confidence.
With today being Day 2 of the IPO bidding process, the market is closely watching the subscription rates and investor demand. My Mudra Fincorp, a financial services firm, is drawing interest for its affordable share price and promising market prospects.
Vision Infra Equipment Solutions IPO Opens Today
Vision Infra Equipment Solutions, offering an IPO worth ₹106.21 crore, opens for public subscription today. The price band is set between ₹85-90 per share. Investors are keen to see how this SME IPO will perform, with many hoping for strong subscription rates given the current buzz in the SME IPO space.
Why Baazar Style IPO Are Trending: Exploring Their Impact on Stock Market Investments
Concerns Over Frenzy in the SME IPO Space
While the SME IPO market has been flourishing, there are growing concerns about the irrational moves in this segment. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, recently commented on the speculative nature of these IPOs. He highlighted how several companies with questionable credentials are getting oversubscribed, raising alarms about the sustainability of such trends.
According to Vijayakumar, “Many retail investors, driven by greed, are rushing into this gambling game. This will end in tears for the newbies who have no understanding of market fundamentals.”
The Securities and Exchange Board of India (SEBI) has also expressed concerns about some SME promoters manipulating their operations to paint a more favorable picture. SEBI has urged investors to be cautious and watchful, especially when dealing with companies that inflate their balance sheets or engage in corporate actions to boost market sentiment.
For detailed guidance from SEBI on SME listings, refer to this SEBI advisory.
