Nukleus Office Solutions sails through on last day, investors await Beezaasan Explotech IPO allotment; check IPO highlights

Primary markets had a dull day on Thursday with active bidding happening in only two initial public offerings (IPOs), both belonging to the small and medium enterprise (SME) category. Investors were also waiting for the announcement of the share allotment status for another SME IPO.

The BSE SME issue of Nukleus Office Solutions was fully subscribed on the last day of bidding. On the other hand, the IPO investors waited for the finalisation of Beezaasan Explotech IPO share allotment status.

Here’s a look at the major developments happening in the IPO market on Thursday, February 27:

Nukleus Office Solutions Limited IPO closes today

The ₹31.7-crore IPO of Nukleus Office Solutions Ltd closed for subscription today after witnessing poor demand.

On the last day, the BSE SME IPO was subscribed 1.33 times. The retail segment was booked 1.7 times, while the non-institutional investors’ (NII) portion booked 86%. The Qualified Institutional Buyers (QIBs) submitted bids for 54,000 shares.

Shares in the IPO were offered at ₹234 apiece in a lot size of 600 units. Allotment of shares is expected on February 28. Nukleus Office Solutions shares are scheduled to be listed on the BSE SME platform on March 4.

Shreenath Paper Products IPO Day 2

The ₹23.36-crore SME IPO of Shreenath Paper Products Ltd was yet to pick pace even on the second day of bidding. The IPO was subscribed just 63% at the end of bidding at 5 pm on Thursday. The retail investors’ category was booked 1.18 times, while the NIIs portion was subscribed 9%.

Shares of the company are being offered at ₹44 apiece in a lot size of 3,000 units. Bidding for the issue closes on February 28. The allotment of shares is expected on March 3. Shreenath Paper Products shares are scheduled to be listed on the BSE SME platform on March 5.

Beezaasan Explotech allotment

Allotment in the ₹59.93-crore BSE SME IPO of Beezaasan Explotech Ltd is expected to be announced by the end of the day today.

Investors can check the status on the official websites of the BSE or the IPO’s registrar Bigshare Services Pvt. Ltd. The issue, which was open for bidding from February 21 to February 25, was booked 5.4 times. The Beezaasan Explotech stock is scheduled to make its trading debut on the BSE SME platform on March 3.