Finelistings Technologies opens SME IPO to raise Rs 13.5 crore. 11 lakh shares at Rs 123 each. Lead manager: Fedex Securities. Registrar: Skyline Financial Services. Retail investors get 50% reservation. Shares may list on May 14.
India Business News: AHMEDABAD: Ahmedabad-based Sai Swami Metals & Alloys Ltd, makers of Dolphin brand stainless steel cookware and appliances and wide range of stainless .
The IPO of KP Green Engineering is entirely a fresh issue of up to 1.31 crore shares with no offer of sale component, according to the draft red herring prospectus (DRHP) filed last week.
Historically, these enterprises have been hesitant to navigate the complexities of capital markets due to concerns such as burdensome compliance requirements, heightened scrutiny from public and regulatory bodies, and the reluctance of promoters to relinquish their stake in the company. Moreover, the challenge of raising funds from the public, particularly when these companies are not widely known, has been a significant deterrent. Experts said several factors contribute to this trend.