4 SME IPOs opening on D-Street this week: Issue date, price band, allotment, other key details

The primary market is gearing up for a busy week as four small and medium enterprises (SMEs) open their IPOs for subscription between January 22 and January 24, 2025. The companies include Rexpro Enterprises Limited, GB Logistics Commerce Limited, CLN Energy Limited, and H.M. Electro Mech Limited.  

Here are details of each SME IPO’s offering this week:  

Rexpro Enterprises Limited (Jan-22-24)

Rexpro Enterprises Limited is set to launch its IPO as a fixed-price issue worth Rs 53.65 crore. The offering comprises a fresh issue of 32.50 lakh equity shares aggregating Rs 47.13 crore and an offer for sale (OFS) of 4.50 lakh shares amounting to Rs 6.53 crore. The IPO will open for subscription on January 22, 2025, and close on January 24, 2025. The issue price has been fixed at Rs 145 per share, with a minimum application size of 1,000 shares, translating to an investment of Rs 1,45,000 for retail investors.  

High-net-worth individuals (HNIs) need to apply for at least two lots, amounting to Rs 2,90,000. The allotment is scheduled to be finalised on January 27, 2025, with refunds initiated and shares credited to demat accounts by January 28, 2025. The stock is expected to list on NSE SME on January 29, 2025.  

CLN Energy Limited (Jan 23-27)

CLN Energy Limited is gearing up to launch its Rs 72.30 crore IPO through a book-built issue. The offering comprises a fresh issue of 28.92 lakh equity shares. The IPO will open for subscription on January 23, 2025, and close on January 27, 2025. The price band has been set at Rs 235 to Rs 250 per share. Investors can bid for a minimum lot size of 600 shares, requiring a minimum investment of Rs 1,50,000 for retail participants. HNIs must apply for at least two lots, amounting to Rs 3,00,000.  

The basis of allotment will be finalised on January 28, 2025, with refunds initiated and shares credited to demat accounts on January 29, 2025. The stock is expected to list on the BSE SME platform on January 30, 2025.  

GB Logistics (Jan 24-28)

GB Logistics is set to launch its Rs 25.07 crore IPO via a book-built issue, which comprises a fresh issuance of 24.58 lakh equity shares. The IPO opens for subscription on January 24, 2025, and will close on January 28, 2025. The price band has been set at Rs 95 to Rs 102 per share. Retail investors can participate with a minimum lot size of 1,200 shares, requiring an investment of Rs 1,22,400, while HNIs must apply for at least two lots, amounting to Rs 2,44,800.  

SKI Capital Services Limited is acting as the book-running lead manager, with Maashitla Securities Private Limited serving as the registrar and Svcm Securities Private Limited as the market maker for the issue. The basis of allotment is expected to be finalised on January 29, 2025, followed by refunds initiation and demat account credit on January 30, 2025. The stock is likely to debut on the BSE SME platform on January 31, 2025.  

H.M. Electro Mech Limited (Jan 24-28)

H.M. Electro Mech Limited is rolling out a Rs 27.74 crore IPO via a book-built issue, comprising a fresh issue of 36.99 lakh equity shares. The IPO will open for subscription on January 24, 2025, and close on January 28, 2025. The price band is set between Rs 71 to Rs 75 per share. Investors can apply with a minimum lot size of 1,600 shares, translating to an investment of Rs 1,20,000 for retail bidders, while HNIs need to invest in at least two lots, amounting to Rs 2,40,000. 

Beeline Capital Advisors Pvt Ltd is managing the issue as the book-running lead manager, with Cameo Corporate Services Limited acting as the registrar and Spread X Securities Private Limited as the market maker. The allotment is likely to be finalized on January 29, 2025, with refunds and demat account credits scheduled for January 30, 2025. The IPO is set to list on the BSE SME platform on January 31, 2025.