Maxwell Engineering, HGS India among 4 SME IPOs to open on October 30; issues to raise Rs 201 crore

What happened: Four SME IPOs, including Maxwell Engineering Solutions and HGS (India), open for subscription on October 30 and close on November 3. Two will list on the NSE SME platform and two on the BSE SME platform. Key numbers: Combined raise of Rs 201 crore. Maxwell Engineering Rs 57.64 crore at Rs 150-158 per share. HGS (India) Rs 34.56 crore. Vectras Enprocon Rs 53.05 crore at Rs 99-105 per share. Why it matters: The four issues give SME investors a cluster of subscription options in the same window, with allotment and listing dates aligned across all four offerings.

Four SME IPOs, including Maxwell Engineering Solutions and HGS (India), open for subscription on October 30 and close on November 3. Two will list on the NSE SME platform and two on the BSE SME platform.

The four issues give SME investors a cluster of subscription options in the same window, with allotment and listing dates aligned across all four offerings.