Upcoming IPOs this week: 3 SME IPOs to open, check issue size, price range, IPO allocation

The next few months are set to be exciting for investors as several major companies prepare to enter the IPO market. These include Hyundai Motor, Swiggy, Waaree Energies, NTPC Green, NSE and others. Let’s take a look at the new IPOs planned between September 30th and October 4th.

Subam Papers IPO

– Dates: Open from September 30th to October 3rd
– Price range: ₹144 to ₹152 per share
– Allotment date: October 4th
– Lot size: 800 shares
– Total issue size: 6,164,800 shares
– New issue: 6,164,800 shares
– Listing on BSE SME: October 8

Business model

Established in October 2006, Subam Papers Limited manufactures craft paper and paper products using waste paper as raw material. As of March 31, 2024, the installed capacity for kraft paper was 300 tonnes per day (MTPD), for a total capacity of 93,600 tonnes per year.

The company is capable of manufacturing and supplying craft paper and duplex board in various colors. Their products have a GSM range of 120 to 300, a burst factor of 16 to 35 and deck sizes of 2,000 mm to 4,400 mm with a roll diameter of up to 1,400 mm. In addition, the company has extensive raw material storage facilities.

Paramount Dye Tec IPO

– Dates: Open from September 30th to October 3rd
– Price range: Rs 111 to 117 per share
– Allotment date: October 4th
– Lot size: 1,200 shares
– Total issue size: 2,430,000 shares
– New issue: 2,430,000 shares
– Listing on NSE SME: October 8

Business model

Established in January 2014, Paramount Dye Tec Limited recycles waste synthetic fibers to produce yarn, serving the B2B segment of the textile industry. The Company offers a range of synthetic fiber and yarn products, including acrylic, polyester, nylon, wool, hand knitting and acrylic blend yarns, known for their quality and strength. The company has two manufacturing facilities in Mangrah and Kum Khurd villages in Punjab.

NeoPolitan Pizza and Foods IPO

– Dates: Open from September 30th to October 4th
– Price range: Rs 20 per share
– Allotment date: October 7th
– Lot size: 6,000 shares
– Total issue size: 6,000,000 shares
– New issue: 6,000,000 shares
– Listing on BSE SME: October 9

Business model

Neopolitan Pizza and Foods Limited was founded in February 2011 and operates in two segments: restaurant operations and trading of agricultural products. The company owns and operates restaurants and also operates under a franchise model. It specializes in Neapolitan-style pizzas made from fresh ingredients and offers a variety of toppings, including gluten-free and vegetarian options. The Neapolitan pizza is ISO 22000:2018 certified and the menu offers a selection of soups, salads, breads, pastas, hand-baked pizzas and desserts. The concept is family and child friendly.

Neopolitan Pizza and Foods Limited also deals in agricultural products such as wheat, rice, tomatoes and onions. What’s notable is that these SME IPOs are hitting the market this week instead of the motherboard.