IPO Alert: Keep your money ready, 3 SME IPOs are coming next week to make money, these companies will be listed:

News Topical, Digital Desk : Upcoming IPO: The stock market had to face selling pressure amid tension between India and Pakistan. Due to increasing tension between the two countries and fluctuations in the market, big companies took extra caution. In such a situation, there is silence in the mainboard IPO segment. No new mainboard IPO opened this week, but trading is happening in the small and medium cap market. In this segment, two IPOs are opening for subscription and preparations are underway for two new listings.

Integrity Infrabuild Developers IPO

Mumbai-based Integrity Infrabuild Developers plans to raise Rs 12 crore through this fixed price issue opening on May 13. The company is offering 12 lakh equity shares at a price of Rs 100 per share. The entire issue is a fresh offer. Investors will be able to bid for this till May 15. Shares are expected to be allotted by May 16. The shares are to be listed on NSE SME on May 20. Aryaman Financial Services is managing it and Aryaman Capital Markets is acting as the market maker.

Accretion Pharmaceuticals IPO

This week, Accretion Pharmaceuticals is also coming up with its IPO. This book-built issue will open for subscription on May 14. The company plans to raise Rs 29.75 crore through a fresh issue of 29.46 lakh shares. The price band has been fixed at Rs 96 to Rs 101 per share. Investors will be able to bid till May 16. Shares will be allotted on May 19. Listing is expected on May 21. Java Capital Services is managing the issue, while Greatex Share Broking is the market maker.

Virtual Galaxy Infotech IPO

IT services and solutions provider Virtual Galaxy Infotech has launched its book-built issue of Rs 93.29 crore. The price band is between Rs 35 per share and Rs 142 per share. The IPO will close on May 14 and is expected to list on NSE SME on May 19. Smart Horizon Capital is the lead manager and Alacrity Securities is the market maker.

Apart from this, two new SME companies are also going to enter the market on May 12. Manoj Jewelers and Shreeji DLM are ready for listing on the BSE MSE platform.