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SD Retail, Bikewo Green Tech among 4 SME IPOs open for subscription on Sept 20: All you need to know

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
By Kamal Joshi

2 min read | Updated on September 20, 2024, 10:10 IST

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SUMMARY

The initial public offerings of SD Retail, Phoenix Overseas, Avi Ansh Textile and Bikewo Green Tech are open for subscription from September 20 to September 24.

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The ₹26 crore Avi Ansh Textile IPO is completely a fresh issue of 41.94 lakh equity shares.

Four NSE SME IPOs—SD Retail, Bikewo Green Tech, Phoenix Overseas, and Avi Ansh Textile—opened for subscription on Friday, September 20. The initial public offerings will conclude on Tuesday, September 24.

SD Retail IPO

The ₹64.98 crore SD Retail IPO is completely a fresh issue of 49.6 lakh equity shares. The company has fixed a price range of ₹124 to ₹131 per share.

Investors can apply for a minimum of one lot size, consisting of 1000 shares, worth ₹1.24 lakh. The company is a manufacturer of sleepwear and loungewear.

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Bikewo Green Tech IPO

The IPO of Bikewo Green Tech, a leading electric two-wheeler retailer with experience in buying and selling pre-owned four-wheelers, intends to raise ₹24.09 crore via a fresh issue of equity shares.

The price band has been fixed at ₹59 to ₹62 per share. Investors can bid for at least 2000 shares or one lot, taking the transaction size to ₹1.18 lakh.

Phoenix Overseas IPO

Phoenix Overseas IPO has fixed a price range of ₹61 to ₹64 per share. The initial share sale is a mix of fresh issue of 45.8 lakh shares worth ₹29.31 crore and an offer-for-sale (OFS) component of 10.5 lakh shares worth ₹6.72 crore.

The minimum lot size for retail investors is 2000 shares, requiring an investment of ₹1.28 lakh. The company exports agricultural produce and commodities.

Avi Ansh Textile IPO

The ₹26 crore Avi Ansh Textile IPO is completely a fresh issue of 41.94 lakh equity shares. The fixed price issue is offering shares at ₹62 a unit.

Retail investors can bid for one lot, consisting of 2,000 shares, bringing the transaction size to ₹1.24 lakh. The company is a manufacturer and exporter of high-quality cotton yarn.

To know more about IPOs listing, schedule and upcoming IPOs, click here.
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About The Author

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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