BSE and NSE will launch four initial public offerings (IPOs) today (March 31). All IPOs fall under the Small and Medium Enterprise (SME) segment. Two IPOs, Infinium Pharmachem and MOS Utility, will be launched on the NSE Emerge platform. In contrast, Sancode Technologies and Exhicon Events Media Solutions will be launched on the BSE SME platform.

Infinium Pharmachem Limited

The lot size for this IPO has been set at 1,000 shares. Each share is to be priced at Rs 135 per share. The last date to apply for the IPO is April 5. According to its filing with market regulator Sebi, the company aims to raise Rs 25.25 crore in the IPO. Infinium Pharmachem is engaged in Contract Research and Manufacturing Services (CRAMS). It provides customized and confidential solutions to its clients.

According to the company website, it offers fully integrated custom services from research and development to commercial-scale manufacturing. It involves pharmaceuticals, agrochemicals, health products, speciality chemicals and other chemical industries.

MOS Utility Limited

MOS Utility Limited has set a lot size of 1,600 shares for its IPO. Each share will cost investors Rs 72-76. The last date to apply for the IPO is April 6. The company, aiming to raise Rs 50 crore in its IPO, is the largest of four companies launching IPOs today.

A total of 6.574 million shares were issued this time, of which 5.774 million shares were newly issued, and 800,000 shares were offered for sale.

The company is engaged in digital products and services. Its website says it reaches out to shop owners, retailers, students, housewives, professionals and insurance agents and helps them start their own futuristic online e-commerce businesses.

Exhicon Events Media Solutions Limited

Exhicon Events Media Solutions Limited has set a lot size of 2,000 shares for its IPO. Each share will cost investors Rs 61-64. The last date to apply for the IPO is April 5. The IPO is a fresh issue of 3.3 million shares to raise Rs 21 crore.

The company offers a full range of products and services for the exhibition, conference and events industry. The company website states that it operates in 5 countries and is in more than 50 countries.

Sancode Technologies Limited

The company has set a lot size of 3,000 shares for its IPO. Each share will cost investors Rs 47. The last date to apply for the IPO is April 6. The IPO is a fresh issue of 51.5 million shares to raise Rs 5.15 crore.

Sancode Technologies is a software and product development company that provides API-enabled platforms and solutions. It will issue 51.5 million new shares in the IPO.