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Bright Outdoor Media, 3 other SME IPOs will open for registration next week

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In 2023, a series of IPOs of small and medium-sized companies (SMEs) have taken place so far. The following week, four SMBs would present their IPOs.

Labelkraft Technologies Limited

The initial public issue (IPO) of Labelkraft Technologies Ltd will open on March 13, 2023. The offer will close on March 15, 2023. The company has set the price range for the 8.64 lakh shares offered at 55 per share to mobilize 4.75 kr.

The minimum application must be submitted for 2,000 shares and in multiples thereafter. The shares will be listed on BSE SME.

The company is engaged in providing barcode coding solutions targeting many different segments of industries. Hem Securities is the main administrator of the issue, while Bigshare Services is the registrar.

Quality Foils (India) Limited

The initial public issue (IPO) of Quality Foils (India) Ltd will open on March 13, 2023. The offer closes on March 16, 2023. The company has set the price range for the 7.54 lakh shares offered at 60 per share to mobilize 4.52 crores.

The minimum application must be submitted for 2,000 shares and in multiples thereafter. The shares will be listed on NSE SME Emerge.

The company is engaged in manufacturing and exporter of cold rolled stainless steel strips or coils and stainless steel flexible tubes. Khambatta Securities Ltd is the sole lead manager and market maker and Bigshare Services is the registrar of the issue.

Bright Outdoor Media BV

The initial public issue (IPO) of Bright Outdoor Media Ltd opens on March 14, 2023. The offer closes on March 17, 2023. The company has set the price range for the 38 lakh shares of 10 each for the price of 146 per share to mobilize 55.48 crores.

The minimum application must be submitted for 1000 shares and in multiples thereafter. The shares will be listed on BSE SME.

The company is engaged in providing advertising services offering advertising media services. Shreni Shares Pvt Ltd is the sole lead manager and the market maker, and Bigshare Services Pvt Ltd is the registrar of the issue.

Nirman Agri Genetics Ltd

The initial public issue (IPO) of Nirman Agri Genetics Ltd opens on March 15, 2023. The offer closes on March 20, 2023. The company has set the price range for the 2050800 shares of shares of shares of 10 each for the price of 99 per share to mobilize 20.30 crores.

The minimum application must be submitted for 1200 shares and in multiples thereafter. The shares will be listed on NSE SME Emerge.

The company is engaged in the production, processing and marketing of high quality hybrid seeds, pesticides and others. First Overseas Capital Ltd is the sole lead manager and Bigshare Services Pvt Ltd is the registrar of the issue.


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Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.