As we are nearing the end of the calendar year, the primary market is taking a sigh of relief and there are no issues in the mainboard segment for the next week. However, the SME segment will see three issues including Property Share Investment, Nisus Finance Services and Emerald Tire Manufacturers. Apart from these new IPOs, 8 listings will be visible on the Street, including Safety Diagnostics, which is currently open for public subscription.
Property Share Investment REIT IPO
The REIT IPO of India’s first registered small and medium real estate investment trust, Property Share Investment Trust (PSIT), will open for subscription on December 2. This issue will be available for bidding till December 4. Property share PropShare is launching a REIT IPO for Platina, the first scheme under the PSIT. Small and medium REITs are a new asset class regulated by SEBI as a sub-class within the REIT framework for assets between Rs 50-500 crore. The IPO is completely a fresh issue of Platina UPITs.
Nisus Finance IPO
Nisus Finance’s Rs 114 crore SME IPO will start from December and will close on December 6. The company has fixed the price band of Rs 170-180 per share. Nisus Finance Services provides financial services such as transaction advisory services, fund and asset management, private equity and venture debt and capital solutions to corporate clients.
Emerald Tire Manufacturers IPO
Emerald Tire Manufacturers plans to raise around Rs 49 crore through its IPO, which will open on December 5. The price of this issue, which will close on December 9, is between Rs 90-95. Emerald Tire Manufacturer specializes in manufacturing, supplying and servicing a wide range of tyres. The company offers its products under the brand name “Greekster”.