Two SME IPOs, Roopa Screen and Peshwa Wheat, are set to list on the BSE SME platform on October 1. According to reports from The Economic Times, Roopa Screen shares are commanding a grey market premium (GMP) of around 66%, indicating strong grey-market sentiment ahead of the listing. In contrast, Peshwa Wheat shares have no reported GMP. The two companies raised a combined ₹72.72 crore through their respective public issues.
The Peshwa Wheat IPO opened for subscription on September 24 and closed on September 28. As reported by The Economic Times, the issue was subscribed 2.77 times overall. The portion reserved for individual investors was subscribed 1.72 times, while the QIB (excluding anchor) portion was subscribed 177.12 times. The company fixed a price band of ₹95–101 per share with a lot size of 1,200 shares. The issue was managed by Finaax Capital Advisors Pvt. Ltd. as the book-running lead manager and Maashitla Securities Pvt. Ltd. as the registrar.
The Roopa Screen IPO received exceptional investor response, being subscribed 271.94 times overall. According to The Economic Times, the individual investor portion was subscribed 529.82 times, while the QIB (excluding anchor) and NII portions were subscribed 44.81 times and 421.94 times, respectively. The company fixed the IPO price band at ₹60–64 per share with a lot size of 2,000 shares. Seren Capital Pvt. Ltd. served as the book-running lead manager, while Bigshare Services Pvt. Ltd. acted as the registrar.
As reported by The Economic Times, Peshwa Wheat plans to utilize ₹38.20 crore from IPO proceeds, with ₹26.50 crore earmarked for working capital requirements. The remaining amount will be used for general corporate purposes. Roopa Screen will use ₹15.90 crore from the IPO proceeds, with ₹9.90 crore allocated for capital expenditure for setting up a new manufacturing facility and ₹6 crore for working capital requirements.
