Two SME IPOs — Himalaya Nutravedics and Anand Seamless — are set to debut on the BSE SME platform on Monday, September 29. The two companies raised a combined Rs 52.02 crore through their respective public issues, with both IPOs consisting entirely of fresh equity shares.
The IPOs saw moderate investor participation during the subscription period. Himalaya Nutravedics IPO was subscribed 2.33 times, while Anand Seamless IPO received 1.47 times subscription. The funds raised through the issues are earmarked for purposes including working capital, business expansion, capacity enhancement, debt repayment and general corporate requirements.
