Three SME IPOs open for subscription today: Check price band, lot size and key details
Together, the three IPOs aim to raise around Rs 98.53 crore. Of these, the Vivekanand Cotspin IPO is a Rs 22.20-crore book-built issue, the FX Multitech IPO is worth Rs 45.24 crore, while the Robokidz Eduventures IPO is a Rs 31.09-crore issue.
By Ritesh Presswala, ETMarkets.com | Updated:
ETMarkets.com
Three SME initial public offerings (IPOs), Vivekanand Cotspin, FX Multitech and Robokidz Eduventures — are set to open for subscription on September 21, 2026, giving investors a three-day bidding window. All three issues will be listed on the BSE SME platform.
Together, the three IPOs aim to raise around Rs 98.53 crore. Of these, the Vivekanand Cotspin IPO is a Rs 22.20-crore book-built issue, the FX Multitech IPO is worth Rs 45.24 crore, while the Robokidz Eduventures IPO is a Rs 31.09-crore issue.
The company has fixed the price band at Rs 32–Rs 37 per share, with a lot size of 3,000 shares. At the upper end of the price band, retail investors applying for the minimum requirement of 6,000 shares will need to invest Rs 2.22 lakh.
Swastika Investmart Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
IPO objects: Vivekanand Cotspin plans to utilise the net IPO proceeds primarily towards capital expenditure, with Rs 5.27 crore earmarked for the installation of additional plant and machinery. Another Rs 11 crore will be used to meet the company's working capital requirements, while the remaining proceeds will be deployed towards general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 16.27 crore.
Read more: NSE IPO Tracker: Catch all the highlights here
The issue will open on September 21 and close on September 23, 2026. The allotment is expected to be finalised on September 24, with the shares proposed to list on the BSE SME platform on September 28, 2026.
The IPO has a price band of Rs 110–Rs 116 per share and a lot size of 1,200 shares. At the upper end of the price band, retail investors will need to apply for at least 2,400 shares, requiring an investment of Rs 2.78 lakh.
Oneview Corporate Advisors Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
IPO objects: The company proposes to utilise the net IPO proceeds primarily towards repayment or pre-payment of certain borrowings, with Rs 10 crore earmarked for this purpose. It also plans to invest Rs 6.26 crore in its subsidiary, Everestt Chillers Pvt. Ltd., for the purchase of machinery. Another Rs 14.83 crore has been allocated towards working capital requirements, while the remaining proceeds will be used for general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 31.09 crore.
Read more: Manika Plastech shares to list today; check GMP ahead of debut
The IPO will open for subscription on September 21 and close on September 23, 2026. The allotment is expected to be finalised on September 24, with the shares scheduled to debut on the BSE SME platform on September 28, 2026.
The company has fixed the price band at Rs 100–Rs 106 per share, with a lot size of 1,200 shares. At the upper end of the price band, the minimum retail application of 2,400 shares will require an investment of Rs 2.54 lakh.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar to the issue.
IPO objects : Robokidz Eduventures plans to utilise the net IPO proceeds primarily towards meeting its working capital requirements, with Rs 23.46 crore earmarked for this purpose. A further Rs 2.20 crore will be used for the repayment or pre-payment of certain outstanding borrowings, either in full or in part. The remaining proceeds will be deployed towards general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 25.66 crore.
Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Together, the three IPOs aim to raise around Rs 98.53 crore. Of these, the Vivekanand Cotspin IPO is a Rs 22.20-crore book-built issue, the FX Multitech IPO is worth Rs 45.24 crore, while the Robokidz Eduventures IPO is a Rs 31.09-crore issue.
Vivekanand Cotspin IPO
The Vivekanand Cotspin IPO is a Rs 22.20-crore book-built issue comprising an entirely fresh issue of 60 lakh shares. The IPO will open for subscription on September 21 and close on September 23, 2026. The allotment is expected to be finalised on September 24, while the shares are scheduled to debut on the BSE SME platform on September 28, 2026.The company has fixed the price band at Rs 32–Rs 37 per share, with a lot size of 3,000 shares. At the upper end of the price band, retail investors applying for the minimum requirement of 6,000 shares will need to invest Rs 2.22 lakh.
Swastika Investmart Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
IPO objects: Vivekanand Cotspin plans to utilise the net IPO proceeds primarily towards capital expenditure, with Rs 5.27 crore earmarked for the installation of additional plant and machinery. Another Rs 11 crore will be used to meet the company's working capital requirements, while the remaining proceeds will be deployed towards general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 16.27 crore.
ADVERTISEMENT
Read more: NSE IPO Tracker: Catch all the highlights here
FX Multitech IPO
The FX Multitech IPO is a Rs 45.24-crore book-built issue comprising a fresh issue of 35.52 lakh shares worth Rs 41.20 crore and an offer for sale (OFS) of 3.48 lakh shares worth Rs 4.04 crore.The issue will open on September 21 and close on September 23, 2026. The allotment is expected to be finalised on September 24, with the shares proposed to list on the BSE SME platform on September 28, 2026.
The IPO has a price band of Rs 110–Rs 116 per share and a lot size of 1,200 shares. At the upper end of the price band, retail investors will need to apply for at least 2,400 shares, requiring an investment of Rs 2.78 lakh.
ADVERTISEMENT
Oneview Corporate Advisors Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
IPO objects: The company proposes to utilise the net IPO proceeds primarily towards repayment or pre-payment of certain borrowings, with Rs 10 crore earmarked for this purpose. It also plans to invest Rs 6.26 crore in its subsidiary, Everestt Chillers Pvt. Ltd., for the purchase of machinery. Another Rs 14.83 crore has been allocated towards working capital requirements, while the remaining proceeds will be used for general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 31.09 crore.
ADVERTISEMENT
Read more: Manika Plastech shares to list today; check GMP ahead of debut
Robokidz Eduventures IPO
The Robokidz Eduventures IPO is a Rs 31.09-crore book-built issue comprising an entirely fresh issue of 29.33 lakh shares.The IPO will open for subscription on September 21 and close on September 23, 2026. The allotment is expected to be finalised on September 24, with the shares scheduled to debut on the BSE SME platform on September 28, 2026.
The company has fixed the price band at Rs 100–Rs 106 per share, with a lot size of 1,200 shares. At the upper end of the price band, the minimum retail application of 2,400 shares will require an investment of Rs 2.54 lakh.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar to the issue.
IPO objects : Robokidz Eduventures plans to utilise the net IPO proceeds primarily towards meeting its working capital requirements, with Rs 23.46 crore earmarked for this purpose. A further Rs 2.20 crore will be used for the repayment or pre-payment of certain outstanding borrowings, either in full or in part. The remaining proceeds will be deployed towards general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 25.66 crore.
Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Two SME IPOs to list today: Injecto Polymers, Century Business Media; Check GMP ahead of debutADVERTISEMENT
