Four SME IPOs to hit capital markets tomorrow

Four small and medium enterprises -- Advance Syntex, Titanium Ten Enterprise, Commercial Syn Bags and Kwality Pharmaceuticals -- will launch their initial public offers on the BSE tomorrow.
As many as 173 firms have filed their draft red herring prospectus with BSE to list on its SME platform, so far.
Of these, 140 companies got listed and 33 are in different stages of listing process.
Collectively, the four firms are looking to raise about Rs 19 crore from the public issues.
Commercial Syn Bags is looking to garner Rs 7.6 crore, and Kwality Pharmaceuticals is expecting to raise funds to the tune of Rs 6.21 crore, BSE said in a statement.

Advance Syntex would hit the markets to raise Rs 2.52 crore, while Titanium Ten Enterprise is looking to garner Rs 2.7 crore.
BSE had launched its SME platform on March 13, 2012. The platform provides opportunity for SMEs to raise capital for growth and expansion.
As many as 122 companies are listed on BSE SME platform.