Upcoming IPOs: SSMD Agrotech India, Mother Nutri Foods, KK Silk Mills issues to open next week & 3 listings scheduled; check list

Upcoming IPOs: At least three SME initial public offerings will open for subscription next week. They include SSMD Agrotech India, Mother Nutri Foods and KK Silk Mills.

Listings that are scheduled for next week include Excelsoft Technologies, Sudeep Pharma and Gallard Steel.

SSMD Agrotech India IPO

Agro-food products SSMD Agrotech India's initial share sale will be open for subscription from November 25 to November 27. The ₹34.09 crore IPO, which has set a price band of ₹114 to ₹121 per share, is exclusively a fresh issuance of 0.28 crore shares.

The fresh issue proceeds will be used for working capital needs, debt repayment, capital expenditure for establishing new D2C dark store factories, purchase of machinery for setting up a namkeen plant and general corporate purposes.

The minimum investment for an individual investor is 2,000 shares.

SSMD Agrotech India Ltd is into the manufacturing, trading, and repacking of high-quality agro-food products. It operates under brands like Manohar Agro, Delhi Special, Super SS and Shri Dhanlaxmi. Its product portfolio includes puffed rice, gram flour, ramdana (Cholai), matar flour, chana dal, rice powder, idli rava, and several by-products of chana dal.

Mother Nutri Foods IPO

Mother Nutri Foods IPO will open for subscription on November 26. The issue, which will conclude on November 28, has set a price range of ₹111 to ₹117 per share. The minimum investment for an individual investor is 2,400 shares.

It is a mix of a fresh issue of shares valued at ₹31.67 crore and an offer for sale (OFS) of ₹7.92 crore by promoter Umeshbhai Kantilal Sheth.

The fresh issue proceeds will be used for setting up a new production facility at Mahuva, Gujarat, and for general corporate purposes.

Mother Nutri Foods is a B2B peanut butter manufacturing firm, offering 10 flavours and 12 ranges of peanut butter.

KK Silk Mills IPO

The initial public offering of fabrics manufacturer KK Silk Mills has set a price band of ₹36 to ₹38 per share. The IPO will be open from November 26 to November 28.

The book-build issue is solely a fresh issuance of ₹28.50 crore. The money raised will be used for capital expenditure for replacement of plant and machinery, debt repayment and corporate general purposes. The application size for individual investors is 6,000 shares.

KK Silk Mills makes fabrics and garments such as kids' wear, women’s wear and men’s wear.