Two companies will come out with their initial share sale next week to raise over Rs 13 crore and get listed on small and medium enterprises platform of the stock exchanges.
Darshan Orna's IPO will open on May 2 and close on May 11 while that of Sagardeep Alloys will remain open for subscription during May 4 to May 9.
Proceeds of the issues would be utilised for working capital requirements and repayment of loans, among others.
Besides the two, Bajaj Healthcare's initial public offering is currently underway.
After the successful public offer of these companies, total number of listing this year will reach 23.
As per the draft papers, Darshan Orna plans to raise Rs 7.54 crore and would list on BSE's dedicated SME platform while Sagardeep Alloys intends to Rs 6 crore and will be listed on NSE's Emerge platform.
Since the beginning of this year, about 20 SMEs have hit the capital market with public issues worth over Rs 100 crore.
BSE and the National Stock Exchange (NSE) had launched SME platforms in March 2012, becoming the only two bourses to offer such a segment in the country.
The platforms provide opportunity to SME entrepreneurs to raise equity capital for growth and expansion.
