The bells of Dalal Street welcome nine new SME IPOs today; what are these?

Nine small and medium enterprises (SMEs) make their Dalal Street debut today, listing initial public offerings (IPOs) on both the Bombay stock Exchange (BSE) and the National Stock exchange (NSE).

These SMEs are making their debut even as Indian shares opened lower on Monday after a strong US jobs report that strengthened the case for the Federal Reserve to keep raising interest rates aggressively.

The first nine months of 2022 have already seen 87 SMEs make their IPOs, earning a total of Rs 1,460 crore. The numbers are much higher than the Rs 783 crore raised by 56 companies through