IPO Wrap: Suraksha Diagnostic shares list flat, Nisus Finance Services IPO booked 192x on last day and other key events in primary market

The primary markets were buzzing with activity on Friday, December 6. Investors participated in the primary markets by placing bids for the SME issues of Nisus Finance Services Co Limited and Emerald Tyre Manufacturers Limited.

A look at what kept the primary market investors busy on Friday.

Ganesh Infraworld Limited Listing

Ganesh Infraworld shares made a stellar debut on the NSE SME platform. The stock listed at ₹157.7 apiece on the NSE with a premium of 90% against the issue price of ₹83 per share. Ganesh Infraworld shares gained 5% and were locked at the upper circuit limit of ₹165.55 apiece.

Ganesh Infraworld IPO was worth ₹98.58 crore and consisted of an entirely fresh issue of 118.77 lakh shares. The subscription window for the NSE SME issue was open from November 29 to December 3.

Suraksha Diagnostic makes muted debut

Suraksha Diagnostic shares made a muted debut on the BSE and NSE. The stock was listed at ₹437 apiece on the BSE with a discount of 0.9% against the issue price of ₹441 per share. The stock opened at a discount of 0.68% on the NSE at ₹438 apiece.

Suraksha Diagnostic IPO was worth ₹846.25 crore and consisted of an offer for sale of 1.92 crore shares. The subscription window for the mainboard issue was open from November 29 to December 3.

Emerald Tyre Manufacturers IPO Day 2

Emerald Tyre Manufacturers IPO was subscribed 111.71 times on the second day of bidding. Emerald Tyre Manufacturers IPO was booked 165.85 times in the retail segment and 133.48 times in the NIIs’ category on the second day of bidding. The issue was subscribed 53% in the QIBs’ category on Friday.

Emerald Tyre Manufacturers aims to raise ₹49.26 crore through the IPO. The NSE SME issue consists of a fresh issuance of 49.86 lakh shares and an offer-for-sale of 1.99 lakh shares.

The IPO share allotment status is likely to be finalised on December 10. The tentative listing date for Emerald Tyre Manufacturers shares is December 12. Shares of Emerald Tyre Manufacturers will be listed on the NSE SME platform, Emerge.

Nisus Finance Services IPO Day 3

Nisus Finance Services IPO was booked 192.25 times on the final day of subscription.

Nisus Finance Services IPO was subscribed 139.53 times in the retail segment and 451.6 times in the NIIs category. The issue was booked 93.84 times by the QIBs. Employees of the company booked the issue 90%.

Nisus Finance Services IPO is worth ₹114.24 crore and comprises a fresh issuance of 56.46 lakh shares amounting to ₹101.62 crore and an offer-for-sale of 7.01 lakh shares aggregating to ₹12.61 crore. The SME issue’s share allotment status is likely to be finalised on Monday, December 9. The tentative listing date for Nisus Finance Services shares is Wednesday, December 11. Shares of Nisus Finance Services will be listed on the BSE SME platform.

Upcoming IPOs

As many as eight initial public offerings (IPOs) will open for subscription in the upcoming week. On the other hand, shares of three companies will make their D-street debut in the upcoming week.

The mainboard issues of One Mobikwik Systems, Vishal Mega Mart IPO and Sai Life Sciences Limited will open for subscription in the upcoming week. The SME issues of Purple United Sales Limited, Supreme Facility Management Limited, Jungle Camps India Limited, Toss The Coin Limited and Dhanlaxmi Crop Science Ltd will also open for subscription in the upcoming week.

Shares of Property Share Investment Trust SM REIT, Nisus Finance Services Co Limited and Emerald Tyre Manufacturers Limited will be listed on the stock exchanges next week.