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Four SME IPOs to watch this week

Four SME IPOs are drawing investor attention this week after strong institutional demand. The issues are at different stages, giving investors varied options.

R.K. Fashion Accessories opened for subscription on October 5 and will stay open till October 7. It aims to raise about Rs 35 crore at a price band of Rs 77 to 82 per share. Listing is set for October 12 on the NSE SME platform.

TNA Solutions has seen healthy interest with 1.66 times subscription so far. Institutional demand stood at 4.77 times, though retail participation was lower at 0.64 times. The issue is priced at Rs 66 to 70 and closes on October 6.

Acme India Industries was subscribed 1.90 times, led by institutional demand of 5.70 times. The Rs 121.69 crore issue is priced at Rs 186 to 196 and closes on October 5.

Paramount Syntex is also open with a price band of Rs 127. Grey market trends show positive momentum for TNA Solutions and Acme India Industries.

Analysts say investors should watch retail and non-institutional participation in the remaining sessions before judging demand for these issues.

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