Three small and medium enterprise IPOs are opening for subscription this week, aiming to raise nearly ₹129 crore from investors. The companies are Yaashvi Jewellers, SMR Jewels and Rajnandini Fashion India. All three issues will be listed on the BSE SME platform in early June.
Yaashvi Jewellers will open its issue on May 25 and close on May 27. The company plans to raise about ₹44 crore through a fresh issue of shares priced at ₹83 each. The minimum lot size is 1,600 shares. Funds will be used for working capital, debt repayment and general corporate purposes.
SMR Jewels will launch its IPO on May 26 and close on May 29. The issue size is ₹67 crore, including a fresh issue of ₹54 crore and an offer for sale worth ₹13.23 crore. The price band is ₹128 to ₹135 per share with a lot size of 1,000 shares. Proceeds will support construction of a jewellery studio, debt repayment and working capital.
Rajnandini Fashion India will also open its IPO on May 26 and close on May 29. The company aims to raise about ₹18 crore through a fresh issue priced between ₹59 and ₹63 per share. Funds will be used for a new manufacturing facility, debt repayment and working capital.
Despite a holiday shortened week and volatile markets, SME IPO activity remains strong, reflecting investor interest in niche growth stories.