Sancode Tech, MOS Utility among 4 SME IPOs set to open today: Check price bands & other details

By admin On Mar 31, 2023

The last trading day of the current financial year 2022-23 (FY23) would be very busy, at least in terms of SME IPO openings. Four small and medium enterprises would go public today, namely Sancode Technologies, MOS Utility, Exhicon Events Media Solutions and Infinium Pharmachem. Sancode Technologies and Exhicon Events would open on the BSE SME segment, while MOS Utility and Infinium Pharmachem would be launched on the NSE Emerge platform.

Here are the key details of these 4 SME IPOs:

Sancode Technologies

The initial public offering (IPO) of Sancode Technologies would remain open for bidding till April 6, 2023. The IPO price has been fixed at Rs 47 per share. The SME company aims to raise Rs 5.15 crore through 10,95,000 fresh issues. Sancode Tech was formerly known as ZNL Startup Advisory. It develops API-based software platforms and solutions.

MOS Utility

The SME issue would also close on April 6, 2023. The price band of the initial share sale has been fixed at Rs 72-76 per share. The company aims to raise Rs 49.97 crore through the fresh issuance of 65,74,400 shares. MOS Utility is a technology-enabled provider of digital and financial services to local communities over the last mile.

Exhicon Events

The SME IPO would close on April 5 and the price band has been fixed at Rs 61 to Rs 64 per share. It aims to raise Rs 21.12 crore via 33,00,000 fresh issues. The company provides products and services for the exhibition, conferences, and events industry.

Infinium Pharmachem

This SME IPO would also remain open for bidding till April 5, 2023. The IPO price has been fixed at Rs 135 per share. It aims to raise Rs 25.26 crore through 18,75,000 fresh issues. The company manufactures and supplies iodine derivatives, APIs, and iodination reaction-based bulk drugs.

Also read: Tata Power, Reliance Industries, Lupin, Wipro and other stocks to watch out for today

Also read: TCS, Wipro, Infosys shares: Is it time to sell these IT stocks?