Upcoming SME IPO Calendar Year 2023; SME IPO List 2023

The IPO mainboard market may have been tepid in terms of response, but the real action has been happening in the SME segment, both on the NSE and the  BSE. In the last year, the SME IPOs have attracted a lot of interest on account of the attractive returns generated by these SME IPOs. The average returns by the SME IPOs in the first quarter ended June 2023 has been a lot more salivating compared to the mainboard IPOs.

The question is which are the IPOs from the NSE SME Emerge over the next few months of year 2023. Here we look at a brief on the IPOs slated to open for subscription in 2023 with a brief on the issue size and the business model of the company. Not all of them may happen in the current year as the state of the markets will also have a bearing on the same.

1. Shri Techtex Ltd (Opens July 26, 2023): This ₹45.14 crore IPO is entirely a fresh issue of 74 lakh shares priced in the band of ₹54 to ₹61 per share. The company has appointed Sunflower Broking as the market maker for the IPO with a market maker allocation of 3.72 lakh shares. Shri Techtex Ltd is into the manufacture of poly propylene (PP) woven fabrics. It basically to the complete gamut of the healthcare sector. It also used to undertake contract work, but now that has been hived off into a separate company.
    
2. Srivari Spices & Foods Ltd: This IPO is yet to announce its IPO dates. The issue of Srivari Spices & Foods Ltd will be entirely a fresh issue of 22 lakh shares with the price yet to be set. The company is into the manufacture of spices and flour around the Telangana and the Andhra region. It also has a strong distribution to directly cater to the retail outlets. GYR Capital Advisors will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
    
3. Vinsys IT Services Ltd: This IPO is yet to announce its IPO dates. The issue of Vinsys IT Services Ltd will be entirely a fresh issue of 38.94 lakh shares with the price yet to be set. The company is into offering IT skill development and training and certification services. It has a strong presence in the Indian market as well as the global market. Beeline Capital Advisors Private Ltd will be the lead managers for the issue while Link Intime India Private Ltd will be the registrars to the issue.
    
4. Hitech Saw Ltd: This IPO is also yet to announce its IPO dates. The issue of Hitech Saws Ltd will be entirely a fresh issue of 28.344 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into the manufacture of steel welded pip and helical spiral submerged arc pipes. The company was set up in 1993 but started operations only about 4 years back. Sarthi Capital Advisors Private Ltd will be the lead managers for the issue while Skyline Financial Services Private Ltd will be the registrars to the issue.
    
5. Sungarner Energies Ltd: This IPO is also yet to announce its IPO dates. The issue of Sungarner Energies Ltd will be entirely a fresh issue of ₹4.48 crore with the price yet to be set. The face value of the stock is ₹10 per share. The company is into the manufacture of lead acid batteries of varying capacities. It is also into solar related services. Fast Track Finsec Private Ltd will be the lead managers for the issue while Skyline Financial Services Private Ltd will be the registrars to the issue.
    
6. Celtis Commodities Ltd: This IPO is also yet to announce its IPO dates. The issue of Celtis Commodities Ltd will be entirely a fresh issue of 36 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into sourcing various kinds of Basmati rice from the agricultural markets and has set up the complete logistics chain for that. It has its own processing plant. First Overseas Capital Ltd will be the lead managers for the issue while KFIN Technologies Ltd will be the registrars to the issue.
    
7. Committed Cargo Care Ltd: This IPO is also yet to announce its IPO dates. The issue of Committed Cargo Care Ltd will be entirely a fresh issue of 32.44 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into customs brokerage, air freight, express freight, and sea freight. Their motto is to deliver anything anywhere on time. Fedex Securities Private Ltd will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
    
8. Diensten Tech Ltd: This IPO is also yet to announce its IPO dates. The issue of Diensten Tech Ltd will be entirely a fresh issue of 22 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into IT training packages and customized services, including AWS training. It offers its packages as a service and also does corporate programs. Corporate Professionals Capital Private Ltd will be the lead managers for the issue while KFIN Technologies Ltd will be the registrars to the issue.
    
9. Mono Pharmacare Ltd: This IPO is also yet to announce its IPO dates. The issue of Mono Pharmacare Ltd will be entirely a fresh issue of 55 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into distribution and supply of a wide array of pharma products. It offers healthcare products, antibiotic medicines, allergic medicines, anti-fungal medicines, and nutraceuticals. Unistone Capital Private Ltd will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
    
10. Sahaj Fashions Ltd: This IPO is also yet to announce its IPO dates. The issue of Sahaj Fashions Ltd will be a combination of fresh issue of shares and an offer for sale. The fresh issue portion will entail the issue of 44.82 lakh shares for up to ₹11.21 crore while the OFS will be for 1.74 lakh shares amounting to up to ₹0.44 crore. The face value of the stock is ₹10 per share. Sahaj Fashions is a textile company into the manufacture of global standards textile fabric. Its manufacturing unit is located at Bhilwara in Rajasthan and is into supply of quality cotton. Khambatta Securities Ltd will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
     
11. Docmode Health Technologies Ltd: This IPO is also yet to announce its IPO dates. The issue of Docmode Health Technologies Ltd will be entirely a fresh issue of 8.50 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into offering integrated learning solutions through offline and online mode to healthcare professionals. It also has a dedicate content team internally to take care of the business content. Fedex Securities Private Ltd will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
     
12. Sangani Hospitals Ltd: This IPO is also yet to announce its IPO dates. The issue of Sangani Hospitals Ltd will be entirely a fresh issue of 40 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into healthcare having incorporate Sangani Hospitals at Keshod in Gujarat. It is a multi-speciality hospital with capacity of 68 beds.  Unistone Capital Private Ltd will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
     
13. Kundan Edifice Ltd: This IPO is also yet to announce its IPO dates. The issue of Kundan Edifice Ltd will be entirely a fresh issue of 30.65 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into the assembly and sale of lighting products. It is one of the most trusted EMS (electronic manufacturing services) players in the LED lighting segment. Fedex Securities Private Ltd will be the lead managers for the issue while Cameo Corporate Services Ltd will be the registrars to the issue.
     
14. Marinetrans India Ltd: This IPO is also yet to announce its IPO dates. The issue of Marinetrans India Ltd will be entirely a fresh issue of 42 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into a complete gamut of logistics services that includes freight forwarding, transportation, multi-modal transportation and value added services. Swaraj Shares & Securities Private Ltd will be the lead managers for the issue while Skyline Financial Services Private Ltd will be the registrars to the issue.
     
15. Saroja Pharma Ltd: This IPO is also yet to announce its IPO dates. The issue of Saroja Pharma Ltd will be entirely a fresh issue of 10.848 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into contract manufacture of active pharma ingredients (API), specialty chemical and intermediates for pharma trading. It has its own processing plant. Swastika Investmart India Ltd will be the lead managers for the issue while KFIN Technologies Ltd will be the registrars to the issue.
     
16. Oriana Power Ltd: This IPO is also yet to announce its IPO dates. The issue of Oriana Power Ltd will be entirely a fresh issue of 50.556 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into providing solar energy solutions to industrial and commercial customers. They also offer low carbon energy solutions and have an impressive client list. Corporate Capital Ventures Private Ltd will be the lead managers for the issue while Skyline Financial Services Private Ltd will be the registrars to the issue.
     
17. Chavda Infra Ltd: This IPO is also yet to announce its IPO dates. The issue of Chavda Infra Ltd will be entirely a fresh issue of 66.56 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into the real estate space where it derives its revenues from 3 sources viz. contracting services, development services and commercial renting services. Beeline Capital Advisors Private Ltd will be the lead managers for the issue while KFIN Technologies Ltd will be the registrars to the issue.
     
18. Transteel Seating Technologies Ltd: This IPO is also yet to announce its IPO dates. The issue of Transteel Seating Technologies Ltd will be a combination of a fresh issue and an offer for sale (OFS). The fresh issue will be for 68.672 lakh shares with the price yet to be set while the OFS will be for 3.616 lakh shares by existing promoters and early investors. The face value of the stock is ₹10 per share. The company is into providing furniture and caters to all size needs. It has B2B experience for over 20 years catering to businesses. Gretex Corporate Services Ltd and Pantomath Capital Advisors will be the lead managers for the issue while Bigshare Services Private Ltd will be the registrars to the issue.
     
19. Hi Green Carbon Ltd: This IPO is also yet to announce its IPO dates. The issue of Hi Green Carbon Ltd will be a combination of a fresh issue and an offer for sale (OFS). The fresh issue will be for 60 lakh shares with the price yet to be set while the OFS will be for 16 lakh shares by existing promoters and early investors. The face value of the stock is ₹10 per share. The company is into providing furniture and caters to all size needs. It has B2B experience for over 20 years catering to businesses. Beeline Capital Advisors Private Ltd will be the lead managers for the issue while Link Intime India Private Ltd will be the registrars to the issue.
     
20. Akanksha Power & Infrastructure Ltd: This IPO is also yet to announce its IPO dates. The issue of Akanksha Power & Infrastructure Ltd will be entirely a fresh issue of 49.95 lakh shares with the price yet to be set. The face value of the stock is ₹10 per share. The company is into the manufacture of electrical equipment including electrical panels, instrument transformers and vacuum transformers. It caters to consumers from institutions, industries, and electricity transmission units. Narnolia Financial Services Ltd will be the lead managers for the issue while Link Intime India Private Ltd will be the registrars to the issue.