2024/11/28 14:03 pm
BSE SME and NSE Emerge will have a listing from Rosemerta Digital Services IPO, Nisus Finance Services IPO, and Ganesh Infraworld IPO in the last week of November and first week of December with a combined value of Rs.439.34 Crore. There are four active IPOs: Agarwal Toughened Glass India Limited IPO, Apex Ecotech Limited IPO, Abha Power and Steel Limited IPO, and Rajputana Biodiesel Limited IPO.
Rosemerta Digital Services-
Rosemerta Digital Services is an issue worth Rs. 206.33 crores of 140.36 lakh shares with a price band of Rs.140- Rs.170 per share. The minimum lot size for an application is 1000 shares with a minimum investment requirement for retail investors is Rs. 147,000. The minimum lot size investment for HNI is 2 lots appx. Rs. 294,000. The segregation of total shares based on investor category is as follows- 50% for QIB (Qualified Institutional Buyer), 35% for Retail Buyers, and 15% for the HNI (High Net Investors).
Rosemerta Digital Services is a digitally enabled service platform for automotive components and accessories providing both B2B and B2C services. Established in 2021, it initially offered vehicle registration services to original equipment manufacturers (OEMs) and now boasts a diverse range of services such as garage services, last-mile delivery services, and the sale of automotive components and accessories. The company plans to utilize the funds from the net proceeds to purchase an office space in Mumbai and fund the capex for setting up a warehouse, model workshops and experience centres in various parts of India. It also wants to fund the capital expenditure for setting up IT infrastructure, working capital Requirement of the company, expenditure for organic growth and other strategic initiatives.
Nisus Finance-
Nisus Finance is a book-built issue worth Rs.114.24 crore. It is a combination of fresh 56.46 lakh shares amounting to Rs.101.62 crores and offers for sale of 7.01 lakh shares worth Rs. 12.61 crore. The shares have a price band of Rs 170- Rs 180 per share. The minimum lot size for a retail investor is 800 shares amounting to Rs 144,000. The minimum lot size for a high net investor is 2 lots (1600 shares) amounting to Rs 288,000. It will be open for subscription on December 4, 2024, and will close on December 6, 2024.
Nisus Finance provides transaction advisory services. However, it has subsidiaries which provide fund and asset management in Real Estate and Urban infrastructure. Established in 2013 the company has appx. Rs. 1000 crore asset under its pool. It has recorded an increase in revenue of 266.16% and a 663.29% increase in profit after tax by the fiscal year ending on March 31, 2024.
The company plans to invest the net proceeds to set up funds, additional licenses, facility management services and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius. It also plans to invest in the fund-raising cost, distribution and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds.
Ganesh Infraworld-
This is an entirely fresh issue worth Rs. 98.58 crore containing 118.77 lakh shares, with a price band of Rs 78 to Rs 83 per share. The minimum lot size for the application is 1600 shares. The minimum amount for retail investors is Rs 132,800. The minimum lot size for HNI is 2 lots (3,200 shares) amounting to Rs 265,600. The issue opens for subscription on 29th November 2024 and will close on 3rd December 2024.
Ganesh Infraworld Limited is a construction company. Established in 2017, it provides a wide range of services in the construction of industrial, civil, residential and commercial buildings as well as roads, railway, power and water distribution projects across India. The company has a 7.24% margin of profit after tax. It wants to generate funds to meet the long-term working capital requirements.
November already had seen IPO listings from six different SMEs in the securities market worth approximately 379 crores. Among them, the C2C Advanced Systems IPO listing was deferred following intervention from market regulator SEBI.