Rulka Electricals SME IPO's present GMP on May 17th, 2024 is Rs 235. With a price band of Rs 235.00, Rulka Electricals SME IPO's estimated listing price is Rs 470 with an expected listing gain of
The IPO, which opened on Thursday, May 16, has been oversubscribed 13.57 times, indicating robust demand from investors
The company plans to utilise the net proceeds for working capital requirements and general corporate purposes
Six IPOs, including the Bharti Hexacom IPO and Aluwind Architectural IPO, will get listed on the stock exchanges
The brand "Vishwas" enjoys a strong presence in the market, the company claims, as over the years it has developed a robust network of distributors across states like Gujarat, Rajashtan and MP
Of the total net proceeds, the company aims to use Rs 24.11 crore for setting up a manufacturing facility in Mohali and the remaining amount for general corporate purposes
Credo Brands Marketing, ASK Automotive, Flair Writing Industries, Rishabh Instruments, and TVS Supply Chain Solutions fell below their issue prices
Buch calls for policy by MF trustees to protect investors from 'bubble' in the smallcaps
The 161 businesses which are listed in the SME segment of Indian stock exchanges allocated nearly 94 per cent of the money raised to meet company requirements
Market players say issues have bunched up on account of companies rushing to hit the market before expiration of the result filing deadline
Among the 247 actively traded scrips, 17 have shed more than 50 per cent this calendar year. About 40 per cent have slid more than the Sensex, which is down 23 per cent year-to-date
The SME segment has been grappling with issues such as lack of liquidity and lacklustre institutional participation
The year 2017 also reaped bumper returns to investors. Out of 132 companies listed in 2017, 39 closed at 20 per cent upper circuit limit on the first day of listing
The very basic factor which attracts retail participants in an SME IPO is the popularity of the company in local markets
Companies plan to list on BSE's SME platform, are raising funds for expansion and working capital requirements
To raise funds totalling over Rs 220 cr