SME IPO Activity to Dominate Markets Next Week: Upcoming IPOs

SME IPO activity will remain in focus in the week starting February 02, with no mainboard public issues opening for subscription and three small and medium enterprises preparing to launch their IPOs, according to data available on stock exchange platforms.

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The upcoming IPO calendar includes NFP Sampoorna Foods, Grover Jewells and Biopol Chemicals, all of which are set to tap the primary market during the week. Alongside these offerings, six SME listings are scheduled across the BSE SME and NSE SME platforms, keeping market activity concentrated in the smaller issue segment.

NFP Sampoorna Foods IPO Opens February 04

The IPO of NFP Sampoorna Foods is scheduled to open for subscription on February 04 and will close on February 06, as per exchange disclosures. The company plans to raise ₹24.53 crore through a fresh issue of 44.60 lakh equity shares, with no offer for sale component.

The price band for the issue has been fixed at ₹52 to ₹55 per share. Each lot consists of 2,000 shares, and retail investors are required to apply for a minimum of two lots, aggregating to 4,000 shares.

According to the company’s disclosures, the proceeds from the IPO will be used to meet working capital requirements, repay certain borrowings and for general corporate purposes.

NFP Sampoorna Foods is engaged in the processing and trading of dry fruits such as cashew nuts, almonds, makhana and walnuts. The company operates across procurement, processing, packaging, marketing and distribution through business-to-business, business-to-customer and institutional channels. It sources raw cashew nuts from selected farms in African countries as well as from registered domestic importers.

Grover Jewells IPO to Open Same Window

Grover Jewells is also scheduled to open its IPO for subscription from February 04 to February 06, according to exchange data. The issue carries a price band of ₹83 to ₹88 per share.

The company aims to raise ₹33.83 crore through a fresh issue of 38.44 lakh equity shares. One lot consists of 1,600 shares, and retail investors must apply for a minimum of two lots, amounting to 3,200 shares.

As per disclosures, the funds raised through the IPO will be utilised towards working capital requirements and general corporate purposes.

Grover Jewells operates in the wholesale gold jewellery segment, focusing on the design and manufacture of plain gold, studded and semi-finished jewellery, catering primarily to the wholesale market.

Biopol Chemicals IPO Opens February 06

Biopol Chemicals will open its book-built IPO for subscription on February 06, with the issue closing on February 10, according to exchange filings. The IPO has a price band of ₹102 to ₹108 per share.

The company plans to raise ₹31.26 crore through a fresh issue of 28.94 lakh equity shares. The minimum application size for retail investors has been fixed at 2,400 shares.

The company has stated that the proceeds from the issue will be used for the acquisition of industrial land, repayment of debt and general corporate requirements.

Biopol Chemicals operates in the speciality chemicals segment and is engaged in the manufacturing, trading and distribution of products such as emulsifiers, silicones, biochemicals and polyelectrolytes. Its product portfolio includes 66 products, comprising 40 silicone-based products, 15 biochemical products, six polyelectrolyte products and five emulsifier-based products.

Six SME Listings Scheduled This Week

In addition to new IPO openings, six companies are scheduled to make their stock market debut on SME platforms during the week, as per exchange schedules.

Hannah Joseph Hospital is slated to list on the BSE SME platform on February 01. Kasturi Metal Composite is scheduled to list on February 03. On February 04, Msafe Equipments, Accretion Nutraveda and Kanishk

Aluminium India are expected to debut on the BSE SME exchange. The final listing of the week is CKK Retail Mart, which is scheduled to list on the NSE SME platform on February 06.

With no mainboard IPOs opening during the week, investor attention is expected to remain centred on SME offerings and listings, as multiple companies enter the public markets through the smaller issue route.