SME logistics IPO opens with modest float and tight price band

A small-and-medium-enterprise logistics offering opened for subscription with a roughly ₹29-crore issue size and a ₹116–₹122 price band. The lot size structure favors higher minimum tickets typical of SME boards, implying select retail and HNI participation. Proceeds are earmarked for working capital and general corporate purposes. Primary desks will track subscription by investor category, cost-of-capital signals and early grey-market indications. Post-listing liquidity and disclosure cadence remain central to valuation sustainment in SME names, where free-float concentration can amplify two-way price volatility.