Four SME IPOs Launch This Week: Amkay Products and Storage Tech Lead the Charge!

This week, Dalal Street welcomes four SME IPOs, featuring new issues from Amkay Products and Storage Technologies & Automation, showing a bustling week in the primary market.
Four SME IPOs Launch This Week: Amkay Products and Storage Tech Lead the Charge!

This week, the primary market will see activity with four initial public offerings (IPOs) scheduled in the SME segment on Dalal Street. Investors can expect new issues from Amkay Products and Storage Technologies & Automation among others.

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Here’s a list of IPOs which will open for subscription next week:

Storage Technologies & Automation IPO

Opening on April 30, 2024, and closing on May 3, 2024, the Storage Technologies & Automation IPO aims to raise ₹29.95 crore through a fresh issue of 38.4 lakh shares, priced between ₹73 and ₹78 each. Oneview Corporate Advisors Pvt Ltd manages the book, with Integrated Registry Management Services Pvt Ltd as the registrar.

Amkay Products IPO

The Amkay Products IPO, a fresh issue totaling ₹12.61 crore and 22.92 lakh shares, is set to open on April 30, 2024, and close on May 3, 2024. With a price range of ₹52 to ₹55 per share, Hem Securities Limited oversees the book, and Bigshare Services Pvt Ltd handles registration.

Sai Swami Metals & Alloys IPO

The Sai Swami Metals & Alloys IPO, scheduled from April 30 to May 3, 2024, will raise ₹15 crores through a fresh issue of 25 lakh shares, each priced at ₹60. Swastika Investmart Ltd manages the offering, with Bigshare Services Pvt Ltd as the registrar.

Slone Infosystems IPO

The Slone Infosystems IPO, scheduled from May 3 to May 7, 2024, will offer 14 lakh shares in a fixed-price issue aiming to raise ₹11.06 crores. Each share is priced at ₹79. Jawa Capital Services Private Limited is managing the IPO’s book, with Kfin Technologies Limited serving as the registrar.

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