Helloji Holidays, Neochem Bio IPOs to open on December 2; all you need to know

The SME initial public offerings of travel solutions provider Helloji Holidays and speciality performance chemicals maker Neochem Bio will open for subscription on Tuesday, December 2.

The basis of allotments of two issues will be finalised on December 5, while listing will occur on December 9.

Helloji Holidays IPO

The initial public offering of Helloji Holidays is solely a fresh issuance of ₹10.96 crore without an offer for sale component.

The net proceeds from the issue will be utilised to meet working capital requirements, capital expenditure to purchase software and corporate general purposes.

The price band has been set at ₹110 to ₹118 per share.

A lot consists of 1,200 shares. The minimum investment for an individual investor is 2,400 shares.

Khambatta Securities Ltd is the book-running lead manager of the issue, while Maashitla Securities Pvt Ltd is the registrar.

The company provides customised holiday packages for leisure travellers. It provides end-to-end travel solutions, including international and domestic flight bookings, cruises, hotel and resort reservations, sightseeing, luxury car rental and destination management services.

Its offering is for both individual travellers and groups.

Neochem Bio IPO

Neochem Bio Solutions' ₹44.97 crore initial share sale is exclusively a fresh issuance of 45,88,800 shares. The price band is fixed at ₹93 to ₹98 per share.

The objects of the offer include funding long-term working capital needs, repayment of outstanding borrowings availed by the company and general corporate purposes.

The application size is 1,200 shares. The minimum investment for an individual investment is 2,400 shares. Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Neochem Bio Solutions is a speciality performance chemical company with a diverse portfolio of more than 350 customised formulations across four primary product segments, i.e., polymers, surfactants, silicones and esters & bio-based sustainable solutions.