Next week, investors will have the opportunity to subscribe to three promising SME IPOs: Retaggio Industries, Infonative Solutions, and Spinaroo Commercial. As the stock market continues to experience a lull in major initial public offerings (IPOs) for April, these smaller enterprises are stepping into the spotlight. With a holiday for Eid ul-Fitr on Monday, the subscription period for these IPOs begins on Tuesday and wraps up later in the week.

Subscription Details for Upcoming IPOs

• Retaggio Industries Ltd.

  • Subscription Closes: April 2
  • IPO Size: ₹15.50 crore (fixed price)
  • Shares Offered: 61.98 lakh
  • Issue Price: ₹25 per share
  • Lot Size: 6,000 shares
  • Allotment Date: April 3
  • Listing Exchange: BSE SME
  • Tentative Listing Date: April 7

• Infonative Solutions Ltd.

  • Subscription Closes: April 3
  • IPO Size: ₹24.71 crore (book-building)
  • Shares Offered: 31.28 lakh
  • Price Band: ₹75 to ₹79 per share
  • Lot Size: 1,600 shares
  • Allotment Date: April 4
  • Listing Exchange: BSE SME
  • Tentative Listing Date: April 8
• Spinaroo Commercial Ltd.
  • Subscription Closes: April 3
  • IPO Size: ₹10.17 crore (fixed price)
  • Shares Offered: 19.94 lakh
  • Issue Price: ₹51 per share
  • Lot Size: 2,000 shares
  • Allotment Date: April 4
  • Listing Exchange: BSE SME
  • Tentative Listing Date: April 8

Insights into Each Company

Retaggio Industries, known for its exquisite jewellery, focuses on B2B manufacturing. The firm specializes in high-quality, heritage pieces, showcasing exceptional craftsmanship and unique designs.

Infonative Solutions excels in creating customized learning development solutions tailored for both corporate and educational sectors. Their offerings include e-learning content and cloud-based learning management systems, making them a vital player in the education technology landscape.

Spinaroo Commercial operates in the packaging industry, producing aluminum foil containers, paper cups, and related materials. The company also provides high-speed machinery for paper cup production, catering to a growing demand for sustainable and efficient packaging solutions.

What to Watch For

Investors should keep an eye on these SME IPOs as they prepare for their upcoming listings on the BSE SME platform. It’s an excellent chance to diversify portfolios with companies poised for growth in their respective sectors.

For those following market trends, these IPOs represent a significant move in the current landscape, particularly as larger IPOs remain scarce. Mark your calendars for the subscription dates and consider how these opportunities might fit into your investment strategy.