IPO this week: Vodafone Idea FPO, 2 SME issues and 2 new listings planned for this week; The full list can be found here

Indian Stock Market: The mainboard segment of the primary market will remain quiet for the second week in a row with no new IPOs in sight. On the other hand, the currently heavily indebted telecommunications giant Vodafone Idea will also give the starting signal ₹18,000 crore FPO next week.

In the small and medium enterprises (SMEs) sector, Ramdevbaba Solvent and Grill Splendor Services will launch their IPOs for subscription. Apart from these new offerings, Teerth Gopicon and DGC Cables and Wires are also listed on Dalal Street.

Also read: Vodafone idea to start ₹18,000 crore FPO ₹Price range 10-11

“India's impressive economic growth, exceeding 7% annually, has attracted investors' attention. Furthermore, a wave of optimism has spread across the country, attracting small investors to invest who are eager to be part of the country's growth story. Additionally, leading international investment banks such as Goldman Sachs and Morgan Stanley have hailed India as a premier investment destination for the next decade. Despite the upcoming general elections, the pipeline remains robust,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. – a leading investment bank for medium-sized companies.

Here is a list of IPOs and FPOs that remain open for subscriptions this week:

Vodafone Idea FPO

VI FPO opens for subscription on April 18, 2024 and closes on April 22, 2024. It is a five-day follow-on public offering of ₹18,000 Crore.

The FPO price range VI is at ₹10 to ₹11 per share. Axis Capital Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the bookrunners of the VI FPO while Link Intime India Private Ltd is the registrar for the issue.

Grill Splendor Services (Birdy's) IPO

Birdy's IPO is open for subscription on April 15, 2024 and closes on April 18, 2024. It is a fixed price issue of ₹16.47 crores. The issue is entirely a fresh issue of 13.73 lakh shares.

Also Read: Grill Splendor Services Limited IPO: Price Range Set at ₹120 each; Check GMP, issue details and more

Birdy's IPO price is ₹120 per share. Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager of the Birdy's IPO while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Birdy's IPO is Rikhav Securities.

Ramdevbaba Solvent IPO

Ramdevbaba Solvent IPO is open for subscription on April 15, 2024 and closes on April 18, 2024. SME IPO is a book edition of ₹50.27 crores. The issue is entirely a fresh issue of 59.14 lakh shares.

Also Read: Ramdevbaba Solvent IPO Announces Price Range ₹80-85 each; The issue will be published on April 15th

The IPO price range for Ramdevbaba Solvent is at ₹80 tonnes ₹85 per share. Choice Capital Advisors Pvt Ltd is the book running lead manager of the Ramdevbaba Solvent IPO while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ramdevbaba Solvent IPO is Choice Equity Broking.

IPO of Greenhitech Ventures

The Greenhitech Ventures IPO offering opened for subscription on April 12, 2024 and closes on April 16, 2024. The SME is a fixed-price issue of ₹6.30 crores. The issue is entirely a fresh issue of shares worth ₹12.6 lakh.

Also Read: Greenhitech Ventures IPO begins April 12: Check price range, issue size, GMP and other details

Greenhitech Ventures IPO price is ₹50 per share. Beeline Capital Advisors Pvt Ltd is the book running lead manager of Greenhitech Ventures' IPO while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Greenhitech Ventures' IPO is Spread X Securities.

New entries –

Teerth Gopicon IPO: Allotment for Teerth Gopicon's IPO was completed on Friday, April 12, 2024. Teerth Gopicon's IPO will be listed on the NSE SME. The tentative listing date is Tuesday, April 16, 2024.

IPO of DCG Cables & Wires: The allotment for the IPO of DCG Cables & Wires was completed on Friday, April 12, 2024. The DCG Cables & Wires IPO will be listed on the NSE SME with the preliminary IPO set for Tuesday, April 16, 2024.

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