Four SME IPOs launch October 30 to raise ₹201 cr
Maxwell Engineering Solutions, HGS (India), Vectras Enprocon, and Johnsoncab Electricals are all set to launch their IPOs on October 30. Together, they're aiming to raise ₹201 crore.
If you're interested, you can apply until November 3; allotment is on November 4, and they'll likely be listed on NSE and BSE SME platforms by November 6.
IPO issue sizes and price bands
Maxwell Engineering Solutions is targeting ₹57.64 crore with shares priced at ₹150 to ₹158 each.
HGS (India) plans to bring in ₹34.56 crore through a mix of new shares and an offer for sale.
Vectras Enprocon is going for ₹53.05 crore, while Johnsoncab Electricals wants to raise ₹56.02 crore.
The IPO process is being handled by firms like JDA Capital Services and Hem Securities, so if you're curious about investing in up-and-coming companies, this could be worth a look!