IPO wrap: CLN Energy IPO closes with decent subscription, muted debut for Capital Numbers Infotech and other key events in primary market

Primary markets had a relatively quiet day on January 27, with no new initial public offering (IPO) opening for subscription. Bidding was on in three issues of small and medium enterprises (SMEs), one of which closed with a decent subscription.

Investors also witnessed a muted trading debut for an SME stock, while waiting for the announcement of share allotment status in two issues.

The BSE SME IPO of CLN Energy Ltd was subscribed more than 5 times on the last day. On the other hand, shares of CapitalNumbers Infotech Ltd were listed on the BSE SME platform at a premium of 4%.

Here’s a look at the major developments in the IPO market on Monday, January 27:

CLN Energy IPO closes today without much fanfare

The ₹72.30-crore SME IPO of CLN Energy Ltd closed today with moderate subscription. At the close of bidding at 5 pm on the last day, the BSE SME issue was booked 5.5 times. The retail quota was booked 6.55 times, while the Non-Institutional Investors (NIIs) booked their segment nearly 9 times. The Qualified Institutional Buyers (QIBs) category was also fully subscribed.

The IPO price band was fixed at ₹235 to ₹250 per share, while the lot size was 600 shares.

The stock is scheduled to be listed on the BSE SME platform on January 30.

HM Electro Mech Ltd IPO Day 2

The ₹27.74-crore HM Electro Mech IPO witnessed a surge in demand on the second day of bidding as well.

The BSE SME issue was overall booked 21 times led by the high retail demand. The retail investors booked their category nearly 36 times, while the NIIs subscribed their quota over 13 times. The QIBs booked 95% of their allocated quota.

The company has fixed the IPO price band at ₹71 to ₹75 per share, while the minimum bid quantity to apply for the IPO is a single lot of 1,600 shares.

The IPO will close for bidding on January 28. HM Electro Mech shares are scheduled to be listed on the BSE SME platform on January 31.

GB Logistics Commerce Day 2

The ₹25.07-crore SME issue of GB Logistics Commerce Ltd also saw huge bidding on the second day. The IPO was overall booked more than 12 times, while the retail segment was subscribed over 16 times. The NIIs booked their category more than 8 times and the QIBs subscribed their reserved portion by 7 times.

The IPO price band has been fixed at ₹95 to ₹102 per share. The lot size for an application is 1,200 shares.

Bidding for the issue will close on January 28. The stock is scheduled to be listed on the BSE SME platform on January 31.

Investors await share allotment status of two IPOs

Subscribers of the mainboard Denta Water and Infra Solutions Ltd IPO are waiting for the announcement of the share allotment status by the company today. Investors who participated in the bidding process can check the status online on the websites of the NSE, BSE, and the issue registrar, Integrated Registry Management Services Pvt. Ltd.

After the allotment status is finalised, the company will initiate refunds and transfer of shares to the Demat accounts on January 28. Shares are scheduled to be listed, on January 29, on both the NSE and BSE.

The ₹220.5-crore Denta Water IPO, which was open for bidding from January 22-January 24, was oversubscribed by 221.52 times during the three-day bidding period.

Rexpro Enterprises IPO allotment status is also scheduled to be finalised today. The ₹53.65-crore IPO was open from January 22 to January 24. The NSE SME issue was subscribed more than 17 times during the three-day bidding period. Shares of Rexpro Enterprises will be listed on the NSE SME platform on January 29.

Lacklustre start for Capital Numbers Infotech shares

Shares of SME firm Capital Numbers Infotech Ltd listed at just 4% premium today on the stock exchange on Monday. The stock opened at ₹274 per share on the BSE SME platform over its issue price of ₹263 per share.

The ₹169.37-crore IPO saw strong demand during the subscription period from January 20 to January 22. The issue had closed with an oversubscription of more than 125 times.