Two SME IPOs this week

Two large equity public issues will open this week on the SME platforms of the NSE and the BSE, respectively. The ₹13.89-crore issue of fertiliser manufacturer Madhya Bharat Agro Products opened on Monday, with 57.9 lakh equity shares on the block. On Thursday, steel manufacturer Narayani Steels will launch its ₹11.52-crore offer on the BSE, which is selling 36 lakh equity shares. With a turnover of ₹500 crore, Narayani Steels will be the biggest company on the BSE SME platform. Our Bureau