Investors interested in the SME segment have a lot of opportunities coming their way this week with three upcoming IPOs and six listings. Out of the three IPOs coming this week, two are from the SME segment while all the listings are from the SME segment.
Upcoming IPOs
Kronox Lab Sciences IPO
This ₹ 130 crore IPO is the only mainboard IPO that is coming this week. The subscription for the Kronox lab sciences ipo will begin on 3 June, and close on 5 June 2024. The kronox lab sciences ipo price band has been set at ₹ 129 to ₹ 136 per share. This is a complete offer for sale with no fresh issue of shares. Kronox is engaged in manufacturing premium quality chemicals for varied uses across industries. They specialize in High Purity Specialty Fine Chemicals for pharma products. The total revenue of the firm stood at ₹ 684.38 million as of 31 December 2023 from 1 April 2023. Total revenue for the year ended on 31 March 2023 was ₹ 947.98 million. The profits increased for the 9 months ended on 31 December 2023 to ₹ 154.69 million from ₹ 140.91 million from the 9 months ended on 31 December 2022. Simultaneously, the earnings per share of the firm also surged for the same period to ₹ 4.17 from ₹ 3.61.
Magenta Lifecare IPO
This mattresses and pillow manufacturer is coming up with its IPO from the SME segment. It is planning to raise around ₹ 7 crores from the initial sale of 20 lakh equity shares at a magenta lifecare ipo price of ₹ 35 per share. This is a fixed-price IPO, which will be opening for subscription on 5 June and closing on 7 June 2024. The total income of the firm has gone up from ₹ 938.47 lakhs in FY22 to ₹ 955.29 lakhs in FY23. For the 9 months ended on 31 December 2023, the total income stood at ₹ 630.74 lakhs. The profit for this period was ₹ 24.36 lakhs and in FY23, the PAT went up from ₹ 18.89 lakhs to ₹ 24.55 lakhs. The EPS surged from ₹ 0.44 in FY22 to ₹ 0.53 in FY23. The magenta lifecare ipo lot size is 4000 shares.
Sattrix Information Security IPO
This cyber security solution provider is coming up with its ₹ 21.78 crore IPO which will be open between 5 June to 7 June 2024 for subscription. The sattrix information security IPO price band has been fixed at ₹ 121 per share. This is a fresh issue, which will consist of 18 lakh shares. The total revenue for FY23 stood at ₹ 3775.65 lakhs up from ₹ 2348.69 lakhs in FY22 and ₹ 2120.23 lakhs in FY21. The total revenue for the 9 months ended on 31 December 2023 was ₹ 2771.50 lakhs. The PAT almost doubled between FY22 and FY23. In FY22 it was ₹ 214.13 lakhs while in FY23 it went up to ₹ 400.12 lakhs. During the 9 months ended on 31 December 2023, the PAT stood at ₹ 214.42 lakhs. Similarly, the EPS also rose from ₹ 4.28 in FY22 to ₹ 8 in FY23 and ₹ 4.33 for the 9 months ended on 31 December 2023.
Listings
The companies, that will be listed this week, include Vilas Transcore which will be listed on NSE Emerge on 3 June. From 4 June trading will commence for Beacon Trusteeship and ZTech India. On 6 June, Associated Coaters will get listed on BSE SME, and Aimtron Electronics on the same day but on NSE Emerge. On 7 June, TBI Corn will make its debut on the NSE Emerge Exchange.
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