IPO of smarton power system will open on Monday, price band Rs 100 per share, learn fresh GMP
IPO News: The IPO of Power Backup and Assembled Smarton Power System, including Home UPS, Solar Panel, Battery, Solar Inverter, Power Conditioning Unit, will open on July 7, on July 9. The company has fixed the price of Rs 100 per share for its initial public issue (IPO) of Rs 50 crore. The shares of the company will be listed on the NSE Emerge stage. 40.01 lakh new shares will be issued under IPO. Apart from this, it will also include a sales offer (OFS) of 10 lakh shares worth Rs 10 crore. The amount received from the sale of new shares will be used for the purchase of movable properties for the production line of the battery manufacturing unit, the needs of working capital, debt payment, funding of capital expenditure and general company functioning.
According to Investograin, the company has a fresh GMP zero in the gray market. With the price band of 6 July 2025 100, the estimated listing price of Smarton Power Systems SME IPO is ₹ 100 (Cap Price + Today’s GMP). The expected percentage of profit/loss per share is 0.00%.
Safex Chemicals will raise 450 crores
Special chemical maker Sefex Chemicals (India) has submitted papers with SEBI to raise money through IPO. According to the company’s DRHP, the IPO has a release of new shares worth Rs 450 crore and a mixture of 35,734,818 shares (OFS) by promoters, investors and other sales shareholders. The amount received from the latest issue will be used for debt payment and general corporate purposes. Chris Capital invested in the company in March, 2021 and September 2022 and has 44.80 percent of the equity share capital.
Crizac’s IPO received 59.82 times subscription
The initial public offering of Shiksha Manch Crizack Limited, connecting agents and global educational institutions, received 59.82 times subscription. According to NSE data, bids were received for 1,54,56,79,488 shares against the offer of 2,58,36,909 shares under an initial public issue of Rs 860 crore. The portion of the eligible institutional buyers (QIB) received 134.35 times while the category of non-institutional investors received 76.15 times subscription. The category of retail individual investors (RII) received 10.24 times subscription. The price band of the initial public issue (IPO) was fixed at Rs 233-245 per share.
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