The initial public offering (IPO) of Aimtron Electronics for small and medium-sized enterprises (SMEs) began accepting subscriptions on Thursday and is set to conclude on June 3. Aimtron Electronics intends to raise approximately Rs 87 crore through this SME IPO and subsequently list the shares on the NSE SME platform
Megatherm Induction IPO opened today with a target to raise Rs 54 crore through a fresh equity issue of up to 42.9 lakh shares. The company manufactures induction heating and melting products for the growing secondary steel sector in India. The IPO price band is set at Rs 100-108 per share, with a lot size of 1,200 shares. The funds raised will be used for construction, working capital, and general corporate purposes. The IPO is open until January 31, and the listing is expected on February 5.
The Harshdeep Hortico IPO opened for subscription today. The company plans to raise about Rs 19.09 crore through the public offer. The IPO is a fresh equity issue of up to 42.4 lakh shares at a price band of Rs 42-45 apiece. For the period ended July 2023, the company reported revenues of Rs 14.82 crore and net profit of Rs 1.77 crore. The net proceeds from the offer will be used for debt repayment, working capital requirements, and general corporate purposes.