Embee Software Unveils Tech Support Initiatives for Indian SMEs and MSMEs
Embee Software, a key partner of tech giant Microsoft in licensing solutions, has launched a new initiative targeting the SME and MSME sectors.
The primary market is set to witness significant developments this week with six IPOs hitting the street.
The primary market is set to witness significant developments this week with six IPOs hitting the street.
It is worth highlighting that these six companies will be raising little more than Rs 500 crore through initial public offerings including one from the mainboard segment and the remaining from the SME segment.
BLS E-Services, a technology-enabled digital service provider, will open its maiden public issue on January 30, with a price band of Rs 129-135 per share.
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The New Delhi-based company is a subsidiary of listed company BLS International Services. It is planning to raise Rs 310.9 crore through the offer which consists of only a fresh issue of 2,30,30,000 equity shares. The issue will close on February 1.
Another company is the Megatherm Induction, manufacturer of induction heating and melting products. It will float its public issue on January 29 at a price band of Rs 100-108 per share, and will close on January 31.
The company aims to raise Rs 53.91 crore through its book-built issue.
Manufacturer and supplier of pots and planters, Harshdeep Hortico, will also open its IPO for subscription from January 29-31.
The offer also consists of only a fresh issue by the Maharashtra-based company, and the price band for the issue has been fixed at Rs 42-45 per share.
It targets to mobilise Rs 19.09 crore through the book-built issue of 42.42 lakh equity shares.
Baweja Studios IPO, one of the biggest IPO in size amongst the public issues opening next week, will start on January 29.
The technology-based commercial films production company is planning to raise Rs 97.2 crore via an initial public offering which is a mix of a fresh issuance of shares worth Rs 72 crore, and an offer-for-sale of 14 lakh equity shares worth Rs 25.2 crore by promoter Harjaspal Singh Baweja.
The price band for the book-built issue, which will close on February 1, has been fixed at Rs 170-180 per share.
Mayank Cattle Food, the Gujarat-based oil company that manufactures cattle food, animal food, cattle food cake and edible oil intends to mop up Rs 19.44 crore through the fixed price issue of Rs 108 per share.
The opening and closing on the same dates, i.e. January 29-31.
Gabriel Pet Straps, the company that makes pet straps for heavy materials packaging will be opening its fixed price issue for subscription on January 31 and closing on February 2.
It intends to garner Rs 8.06 crore through its IPO for Rs 101 per share.
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