Why you should approach the SME IPO market with extreme caution

Why you should approach the SME IPO market with extreme caution

According to data from primedatabase, as many as 104 SMEs (small and medium enterprises) have used BSE and the National Stock Exchange’s (NSE) SME platform to raise ₹3,405 crore in FY25 so far. This figure already surpasses half of the total funds raised by SMEs in FY24. Most of these IPOs are heavily oversubscribed, driven … Read more

Kalpataru files draft papers for IPO with SEBI; plans to raise ₹1,590 crore via fresh issue

Kalpataru files draft papers for IPO with SEBI; plans to raise ₹1,590 crore via fresh issue

Kalpataru Ltd, the Mumbai based real estate developer, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise funds via initial public offering (IPO). Kalpataru IPO comprises a fresh issue of equity shares worth ₹1,590 crore of face value of ₹10 each, according to … Read more