Both the SME IPOs – Namo eWaste Management IPO and Mach Conferences IPO – will open for subscription on September 4 and will remain open till September 6, 2024.
According to GMP, both these IPOs are likely to deliver significant listing gains for the investors. (Picture Credit: depositphotos)
Established in January 2014, New Delhi-based Namo eWaste Management specialises in the niche and extremely vital function of collecting, disposing and recycling e-waste such as cell phones, laptop computers, ACs, refrigerators, washing machines and fans.
Namo eWaste Management IPO GMP, price
The IPO of Namo eWaste Management wants to mop up Rs 51.20 crore through issue of fresh shares. The bid opens on September 4 and closes on September 6, 2024. Allotment will take place on September 9 and listing on NSE SME on September 11, 2024. The price of a share has been fixed at Rs 80-85. A retail investor can apply for a minimum lot of 1,600 shares amounting of Rs 1.36 lakh.
According to investorgain, the GMP (Grey Market Premium) is Rs 50 on September 4. It indicates a listing at Rs 135 (Rs 85 + Rs 50). However, one must remember that GMP is an unofficial figure.
Mach Conferences IPO GMP, price & other details
This New Delhi-based company was set up in 2004 and offers customised services for meetings, incentives, conferences and exhibitions. It can organise conferences,
exhibitions and events on a global platform including logistics. In FY24, it organsied 90 events in London, Paris, Singapore, South Korea, Goa, Srinagar, Mussoorie, Bangalore.
It is a book-built issue of Rs 125.28 crore – a fresh issue worth Rs 50.15 crore and OFS of Rs 75.13 crore.
The allotment of the shares will be done on September 9, 2024. The listing is scheduled to take place on BSE SME on September 11.
The price of an equity share has been fixed at Rs 214-225. A retail investor can apply for a minimum of 600 shares which will cost him/her Rs 1.35 lakh. The size for HNI is double of that of retail investors.
According to investorgain, the GMP for Mach Conferences and Events IPO stood at Rs 200 on September 4, 2024. It indicates that the listing will take place at Rs 425 (Rs 225 + 200). However, one must remember that GMP is an unofficial estimate.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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