Mobilise App Lab’s IPO, oversubscribed 100 times, is set to debut on the NSE SME platform on March 2. With a grey market premium of 5%, shares are expected to list around Rs 84, signaling modest gains. The company, a SaaS IT solutions provider, plans to use IPO funds for product development, marketing, and infrastructure.Read More
Accord Transformer and Switchgear’s IPO saw overwhelming demand, subscribed 357 times, with a 9% grey market premium indicating a strong debut on the BSE SME platform on March 2. The Rs 26 crore issue, priced at Rs 46, will fund capital expenditure and working capital needs for the electrical equipment manufacturer.Read More
Kiaasa Retail’s shares are set for their BSE SME debut on March 2, with the grey market indicating a flat listing at its Rs 127 issue price. The Rs 70 crore IPO saw moderate overall subscription, though a small QIB portion was heavily oversubscribed. The company plans store expansion with IPO funds.Read More
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