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Three Indian SME IPOs Open to Strong Grey Market Demand

Positive premiums for Sacheerome alongside grey market gains for Monolithisch India point to robust investor enthusiasm ahead of upcoming NSE SME listings.

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Overview

  • Sacheerome’s ₹61.62 crore fresh issue opened on June 9 and closes June 11, with a ₹96–102 price band and an anticipated NSE SME listing on June 16.
  • Jainik Power and Cables has a ₹51.3 crore IPO running from June 10 to June 12 with a ₹100–110 price band and a flat grey market premium signaling a likely issue-price debut.
  • Monolithisch India’s ₹82.02 crore offering spans June 12 to June 16 at ₹135–143 per share and trades at a ₹14 grey market premium suggesting roughly a 10% listing gain.
  • Ganga Bath Fittings’ ₹32.65 crore IPO closed on June 6 with a 1.64x overall subscription and is expected to debut on NSE Emerge on June 11 after allotment concludes by June 9.
  • Robust investor interest in these SME offerings highlights growing demand for smaller listings during a lull in mainboard issues.