Grill Splendor Services IPO to Ramdevbaba Solvent IPO, Checklist of Upcoming Offers, Listings
Last week, around 40 small-cap stocks posted notable gains of between 10% and 40%, even as the Nifty 50 and the Sensex maintained a stable position, ending the week without any significant change, but overall marking the fourth consecutive week of gains . This positive trend follows the recent milestone of the 30-share BSE Sensex which touched an unprecedented high of 75,124 points. However, towards the end of the week, the index recorded a slight decline and closed near 74,244 points due to subdued global market sentiment. What the coming week brings is action in the initial public offerings (IPOs) segment, and everyone who has their money invested will be looking ahead to what is likely to happen. The problems in the Indian markets in particular are a cause for concern. So what are we looking at?
The IPO of Grill Splendor Services and Ramdevbaba Solvent is slated for subscription. (Representative Image)(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}
The IPO of Ramdevbaba Solvent and the IPO of Grill Splendor Services are up for subscription. Both fall into the area of small and medium-sized enterprises (SMEs). Market watchers will also keep an eye on what happens with the listing of Teerth Gopicon and the listing of DGC Cables and Wires.
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The general mood among market participants towards the new entrants is positive, as shown in this reaction from a senior managing director of a medium-sized investment bank. “Despite the upcoming general elections, the pipeline remains robust,” LiveMint quoted Pantomath Capital Advisors managing director Mahavir Lunawat as saying.
List of IPOs open for subscription:
Grill Splendor Services IPO
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Also referred to as Birdy's IPO, a fixed price offering of ₹16.47 Crore, available for subscription on April 15, 2024. The last date is April 18, 2024. The issue will be a fresh issue of 13.73 lakh shares only. Grill Splendor Services IPO price is ₹120 per share. The book-running lead manager of the IPO is Inventure Merchant Banker Services, the registrar is Bigshare Services and Rikhav Securities is the market maker for Birdy's IPO.
Ramdevbaba Solvent IPO
The date on which this IPO will open for subscription is April 15, 2024, while the last date of application is April 18, 2024. It is a fresh issue of 59.14 lakh shares. This is a book education question from ₹The price range is 50.27 crores ₹80 tonnes ₹85 per share. The book-running lead manager for the Ramdevbaba Solvent IPO is Choice Capital Advisors, the registrar for the issue is Bigshare Services and Choice Equity Broking is the market maker for the Ramdev Baba Solvent IPO.
IPO of Greenhitech Ventures
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The subscription process for Greenhitech Ventures' IPO commenced on April 12, 2024, the last date is April 16, 2024 and it is strictly a fresh issue of 12.6 lakh shares. It is a fixed price problem ₹6.30 crores and IPO price is ₹50 per share. The book-running lead manager is Beeline Capital Advisors, the registrar is Skyline Financial Services and Spread X Securities is the market maker for the Greenhitech Ventures IPO.
Teerth Gopicon IPO and DCG Cables & Wires IPO – new listings
It will be a very busy market week as there will also be some new offerings planned during this period.
Teerth Gopicon IPO
The allotment of Teerth Gopicon's IPO was completed on April 12, 2024 and the stock will be listed on the NSE SME. This is expected to occur on April 16, 2024.
IPO of DCG Cables & Wires
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The allotment for the IPO of DCG Cables & Wires was completed on April 12, 2024 and is most likely to list on NSE SME on April 16 as well.
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News / Business / Grill Splendor Services IPO to Ramdevbaba Solvent IPO, Checklist of Upcoming Offers, Listings
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