Sri Priyanka Geo Commex has launched its initial public offering on the NSE SME platform, but early indications suggest a lackluster response from investors.
The fast-moving consumer goods company opened its book for public subscription on Wednesday, June 24, aiming to raise ₹94.51 crore through the issue.
The price band for the equity shares has been set between ₹207 and ₹212 per share.
Despite the structured pricing, market sentiment appears cautious, with reports indicating a tepid uptake during the first day of subscription.
This initial hesitation reflects broader investor wariness toward new SME listings in the current market environment.
The offering comes as other Indian SMEs also seek public market debuts.