SME or Small and Medium Enterprises Initial Public Offerings, refer to the process of listing small and medium-sized businesses on stock exchanges. These IPOs provide an opportunity for these companies to raise capital for their expansion and to go public, allowing investors to participate in their growth.
However, the capital required for subscribing to these IPOs requires a huge sum of money compared to the mainline IPO and the liquidity is also said to be low so think twice before investing your money.
Here are the 2 IPOs that are expected to list in the following days and deliver multi-bagger returns to the investors
Supreme Power Equipment
Supreme Power Equipment Limited launched an Initial Public Offering (IPO) with fresh issue of Rs. 46.67 Crores which opened for the public from December 21- 26, 2023, and it will be listed on December 29, 2023, on the NSE SME platform.
Supreme Power Equipment received a very good response from the public for its Initial Public Offering (IPO) it was fully subscribed by 262.60 times, where the Retail segment subscribed 264.48 times, Non-Institutional buyers subscribed 489.10 times and the Qualified institutional buyers subscribed to it 88.98 times. Here 1 out of 264, 489, and 88 in each batch respectively as above will get the allotment of equity shares of the company.
During the closing of the IPO, the shares of Supreme Power Equipment were trading at Rs. 131 in the grey market demanding a premium of Rs. 66 i.e., 101.54 percent of premium from its price band of Rs. 65 during the Initial Public Offering.
It has reported revenue from the operations of Rs. 99.75 Crores on March 31, 2023, and Rs. 39.26 Crores on July 31, 2023, accompanied by profits of Rs. 11.07 Crores and Rs. 5.03 Crores.
Supreme Power Equipments is engaged in the areas of manufacturing, up-gradation, and refurbishment of transformers ranging from Power transformers, Generator transformers, Windmill transformers, Distribution transformers, Solar transformers, and many more.
Trident Techlabs
Trident Techlabs Limited launched an Initial Public Offering (IPO) of Rs. 16.03 Crores which opened for the public from December 21- 26, 2023, and it will be listed on December 29, 2023.
Trident Techlabs has received a very good response from the public for its Initial Public Offering (IPO) it was fully subscribed by 763.30 times, where the Retail segment was subscribed 1059.43 times, Non-Institutional buyers subscribed 854.37 times and the
Qualified institutional buyers subscribed 117.91 times. Here 1 out of 1059, 854, and 117 each batch respectively as above will get the allotment of equity shares of the company.
During the closing of the IPO, the shares of Supreme Power Equipment were trading at Rs. 85 in the grey market demanding a premium of Rs. 50 i.e., 142.86 percent from its price band of Rs. 35 during the Initial Public Offering.
Its revenue from operations grew by 5 percent from Rs. 28.19 Crores in 2021 to Rs. 29.74 Crores in 2022 and 126 percent from Rs. 29.74 Crores in 2022 to Rs. 67.34 Crores in 2023 accompanied by profits of Rs. 28.33 Crores, Rs. 29.87 Crores and Rs. 68.24 Crores respectively.
Trident Techlabs Limited provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor, and power distribution industries. It has 2 business verticals i.e., engineering solutions and power system solutions.
Written by: Bharath K.S
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